Neotech Metals Corp. Commences Metallurgical Testing at its Hecla-Kilmer Property and Announces LIFE Offering
Neotech Metals Corp. (CSE: NTMC) (OTC Pink: NTMFF) has initiated metallurgical testing on its Hecla-Kilmer (H/K) property in partnership with SGS Laboratories. The testing aims to assess the economics of an expanded drill campaign, focusing on apatite-hosted rare earth mineralization, niobium-related mineralization, and phosphate recoveries. The first-phase trial will evaluate various flowsheets, including gravity, flotation, and magnetic separation methods.
Additionally, Neotech has filed a new non-brokered private placement LIFE financing offering, replacing the previously announced one. The offering aims to raise between $1,350,000 and $2,500,000, with units priced at $0.15 each. Each unit comprises one common share and one warrant, exercisable at $0.25 for 36 months. The proceeds will be used for exploration expenditures and general operating expenses.
Neotech Metals Corp. (CSE: NTMC) (OTC Pink: NTMFF) ha avviato test metallurgici sulla sua proprietà Hecla-Kilmer (H/K) in collaborazione con i laboratori SGS. I test mirano a valutare l'economia di una campagna di perforazione ampliata, concentrandosi su mineralizzazione di terre rare ospitate in apatite, mineralizzazione correlata al niobio e recupero di fosfati. La prova della prima fase valuterà diversi flussi di lavoro, inclusi metodi di gravità, flottazione e separazione magnetica.
Inoltre, Neotech ha presentato una nuova offerta di finanziamento LIFE privato non mediato, che sostituisce quella precedentemente annunciata. L'offerta mira a raccogliere tra $1.350.000 e $2.500.000, con unità prezzate a $0,15 ciascuna. Ogni unità comprende una azione comune e un warrant, esercitabile a $0,25 per 36 mesi. I proventi saranno utilizzati per spese di esplorazione e spese operative generali.
Neotech Metals Corp. (CSE: NTMC) (OTC Pink: NTMFF) ha iniciado pruebas metalúrgicas en su propiedad Hecla-Kilmer (H/K) en asociación con los laboratorios SGS. Las pruebas tienen como objetivo evaluar la viabilidad económica de una campaña de perforación ampliada, centrándose en la mineralización de tierras raras asociadas a la apatita, mineralización relacionada con el niobio y recuperaciones de fosfato. La prueba de primera fase evaluará varios flujos de trabajo, incluidos métodos de gravedad, flotación y separación magnética.
Además, Neotech ha presentado una nueva oferta de financiamiento LIFE privado no mediado, reemplazando la previamente anunciada. La oferta busca recaudar entre $1,350,000 y $2,500,000, con unidades valoradas en $0.15 cada una. Cada unidad consta de una acción común y una opción, ejercitable a $0.25 durante 36 meses. Los ingresos se utilizarán para gastos de exploración y gastos operativos generales.
Neotech Metals Corp. (CSE: NTMC) (OTC Pink: NTMFF)는 SGS 연구소와 협력하여 Hecla-Kilmer (H/K) 자산에 대한 금속 시험을 시작했습니다. 이 시험은 아파타이트 기반의 희토류 광물화, 니오븀 관련 광물화 및 인회수의 경제성을 평가하는 것을 목표로 하고 있습니다. 첫 번째 단계의 시험에서는 중력, 부유 및 자기 분리 방법을 포함한 다양한 흐름도를 평가할 것입니다.
또한 Neotech는 이전에 발표된 것을 대체하여 새로운 비중개 사모 LIFE 금융 제공을 제출했습니다. 이 제공은 $1,350,000에서 $2,500,000 사이를 모금하는 것을 목표로 하며 각 단위는 $0.15로 가격이 책정됩니다. 각 단위는 하나의 보통주와 36개월 동안 $0.25에 행사할 수 있는 하나의 워런트로 구성됩니다. 수익금은 탐사 비용 및 일반 운영 경비에 사용될 것입니다.
Neotech Metals Corp. (CSE: NTMC) (OTC Pink: NTMFF) a lancé des tests métallurgiques sur sa propriété Hecla-Kilmer (H/K) en partenariat avec les laboratoires SGS. Les tests visent à évaluer la rentabilité d'une campagne de forage élargie, en se concentrant sur la minéralisation des terres rares hébergées par l'apatite, la minéralisation liée au niobium et la récupération des phosphates. L'essai de première phase évaluera différents procédés, y compris des méthodes par gravité, flottation et séparation magnétique.
De plus, Neotech a déposé une nouvelle offre de placement privé LIFE non médié, remplaçant celle précédemment annoncée. L'offre vise à lever entre $1.350.000 et $2.500.000, avec des unités tarifées à 0,15 $ chacune. Chaque unité comprend une action ordinaire et un bon de souscription, exerçable à 0,25 $ pendant 36 mois. Les produits seront utilisés pour des dépenses d'exploration et des frais d'exploitation généraux.
Die Neotech Metals Corp. (CSE: NTMC) (OTC Pink: NTMFF) hat mit SGS Laboratories metallurgische Tests auf ihrem Hecla-Kilmer (H/K) Grundstück begonnen. Die Tests sollen die Wirtschaftlichkeit einer erweiterten Bohrkampagne bewerten, wobei der Fokus auf apatithaltiger seltener Erdenmineralisierung, niobhaltiger Mineralisierung und Phosphatrückgewinnung liegt. Der erste Testabschnitt wird verschiedene Flussdiagramme einschließen, darunter Schwerkraft-, Flotations- und Magnettrennungsverfahren.
Außerdem hat Neotech ein neues nicht vermittelte private Platzierung LIFE Finanzierung Angebot eingereicht, das das zuvor angekündigte ersetzt. Das Angebot soll zwischen $1.350.000 und $2.500.000 aufbringen, wobei die Einheiten zum Preis von $0,15 angeboten werden. Jede Einheit besteht aus einer Stammaktie und einem Warrant, der für 36 Monate zu $0,25 ausgeübt werden kann. Die Erlöse werden für Erforschungskosten und allgemeine Betriebskosten verwendet.
- Commencement of metallurgical testing on the Hecla-Kilmer property to assess economic potential
- New LIFE financing offering to raise up to $2,500,000 for exploration and operating expenses
- Potential for high-value opportunities from heavy-REE components at the H/K project
- Potential shareholder dilution due to the new private placement offering
- Uncertainty in the results of the metallurgical testing and its impact on future drill campaigns
Vancouver, British Columbia--(Newsfile Corp. - September 26, 2024) - Neotech Metals Corp. (CSE: NTMC) (OTC Pink: NTMFF) (FSE: V690) ("Neotech" or "the Company") is pleased to announce that, in partnership with SGS Laboratories ("SGS"), metallurgical testing has commenced on our flagship Hecla-Kilmer ("H/K") property. The testing aims to assess the economics of an expanded drill campaign that integrates the apatite-hosted rare earth mineralization, niobium-related mineralization and overall phosphate recoveries to help advance the project.
This first-phase trial will focus on evaluating the project's metallurgical response to a variety of flowsheets, including gravity, flotation, and magnetic separation methods. The analysis will consider potential recoveries, liberation, beneficiation components, and other variables, progressing the project to its next milestone.
LIFE Offering
The Company announces that it has filed a new non-brokered private placement LIFE financing (the "Offering"). This replaces the LIFE offering initially announced on June 24, 2024 and amended on August 13, 2024. The total proceeds include a minimum of
The Warrants will be subject to an acceleration provision whereby, if for any 10 consecutive trading days the closing price of the Company's common shares (the "Shares") exceeds
The Company may compensate certain finders with a cash commission of up to
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units issuable under the Offering will be offered for sale to purchasers resident in all of the provinces of Canada (except Quebec) pursuant to the listed issuer financing exemption under Part 5A.2 of NI 45-106. Pursuant to NI 45-106, the securities issued to Canadian resident subscribers under the Offering will not be subject to resale restrictions.
The net proceeds from the sale of the Units will be used for exploration expenditures and corporate and general operating expenses. There is an offering document related to this Offering that can be accessed under the Company's profile at Sedarplus.ca and on the Company's website at https://neotechmetals.com/. Prospective investors should read this offering document before making an investment decision.
Reagan Glazier, CEO stated, "This is a pivotal moment for the Company as we continue to develop the H/K Rare-Earth project. We're looking forward to the unique opportunity presented by the Apatite-hosted REE's and how they may differ from the typical Monazite-hosted deposits of North America. We're excited to look at the heavy-REE components of H/K which present high-value opportunities. The results will help us direct our focus on upcoming drill campaigns, allowing us to discover and address any unknowns and challenges that may arise."
About the Neotech Metals
Neotech Metals Corp. is a mineral exploration company dedicated to discovering and developing valuable mineral resources within promising jurisdictions around the world. With a strong commitment to environmental stewardship and sustainable practices, Neotech is positioned to make a positive impact while maximizing the potential of its exploration properties.
Its new flagship, Hecla-Kilmer located 20 km from the Otter Rapids 180MW hydroelectric power generation station and active Ontario Northway railway, was recently acquired in July 2024, along with its TREO and Foothills projects located in British Columbia. All three projects are
Qualified Person
Technical Information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Jared Galenzoski VP Exploration, P.Geo., and Qualified Person, has reviewed and approved all of the data and statements made for this news release.
Contact information
For More Information please contact:
Reagan Glazier, Chief Executive Officer
E-mail: Reagan@Neotechmetals.com
Telephone: (403) 815-6663
Forward-Looking Statements
Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will", "will be" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are from those expressed or implied by such forward-looking statements or forward-looking information subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different, including receipt of all necessary regulatory approvals. Although management of the Company have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
The CSE has not reviewed, approved, or disapproved the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224643
FAQ
What is the purpose of the metallurgical testing at Neotech Metals Corp's Hecla-Kilmer property?
How much does Neotech Metals Corp (NTMFF) plan to raise through its new LIFE financing offering?
What is the price per unit in Neotech Metals Corp's (NTMFF) new financing offering?
How will Neotech Metals Corp (NTMFF) use the proceeds from its new financing offering?
