Welcome to our dedicated page for Neotech Metals news (Ticker: NTMFF), a resource for investors and traders seeking the latest updates and insights on Neotech Metals stock.
Neotech Metals Corp. (NTMFF) is a Canadian mineral exploration company focused on discovering rare earth elements and critical metals through advanced geological programs. This page serves as the definitive source for official company announcements, including project developments, financial reports, and operational milestones.
Investors and researchers will find timely updates on exploration results from British Columbia and Ontario projects, partnership agreements, and technical advancements. All content undergoes strict verification to ensure alignment with industry reporting practices and regulatory standards.
The news collection covers essential updates including drilling results, assay analyses, strategic acquisitions, and financial disclosures. Each release provides insights into the company’s methodical approach to resource identification and project development.
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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) (FSE: V690) has been approved for a $200,000 grant from the Ontario Junior Exploration Program (OJEP). This grant will fund exploration activities in Ontario, specifically targeting the company's upcoming drilling campaign near the Pike and South Rim zones at Hecla-Kilmer.
The OJEP grant is part of a Provincial program aimed at incentivizing critical minerals exploration, which are essential for the global green transition. CEO Reagan Glazier expressed appreciation for the support, stating that it positions Neotech as a key player in the critical minerals sector and creates new opportunities for Ontario.
Glazier emphasized that advancing their exploration efforts could contribute to building a new industry within Ontario, supporting the green transition and strengthening the province's economic future. He also noted that the government's backing demonstrates Ontario's quality as a stable and supportive mining jurisdiction.
Neotech Metals Corp. (CSE: NTMC) (OTC Pink: NTMFF) (FSE: V690) has filed an amended management's discussion and analysis (Amended MD&A) for the periods ended March 31, 2024 and 2023. This action was taken following a continuous disclosure review by the British Columbia Securities Commission. The Amended MD&A, which should be read alongside the company's condensed interim financial statements for the same periods, is now available on SEDAR+ under Neotech Metals Corp.'s profile. Investors and interested parties can access these documents at sedarplus.ca for a more comprehensive understanding of the company's financial position and performance during the specified periods.
Neotech Metals Corp. (CSE: NTMC) (OTC Pink: NTMFF) has completed the acquisition of the Hecla-Kilmer (H/K) Rare-Earth Elements (REE) and Niobium project in northwestern Ontario from VR Resources The company paid $1,000,000 in cash and issued 4,000,000 common shares with staggered resale restrictions until January 19, 2027. This strategic move strengthens Neotech's position in the REE and Critical Metals sector, adding a significant project with demonstrated potential and a large, prospective land package. CEO Reagan Glazier emphasized the company's commitment to becoming a leading diversified REE exploration and development company through aggressive exploration and strategic district consolidation.
On June 27, 2024, Neotech Metals Corp. (CSE: NTMC, OTC Pink: NTMFF, FSE: V690) announced the appointment of Jared Galenzoski as Vice President Exploration. Jared brings extensive leadership experience in mining and exploration, holding previous VP roles at Buffalo Potash Corp. and Continental Potash Corp. Currently, he is President of FIDES Strategic Resource Management Jared holds a B.Sc. in Geology from the University of Regina. He will also serve as the Company's Qualified Person under National Instrument 43-101. This strategic move aims to leverage his expertise to advance Neotech's projects in the Rare-Earth industry. As part of his compensation, Jared will receive 300,000 stock options at $0.40 per share, expiring June 27, 2029.
Neotech Metals Corp. (CSE: NTMC, OTC Pink: NTMFF, FSE: V690) has announced the results from its TREO project in British Columbia, Canada. A grab sample (69233) revealed 3.26% TREO, confirming significant mineralization in the region. The company completed its regional program at the Foothills project, collecting over 695 samples, including biogeochemical, soil, stream, and rock composites. Summer exploration aims to expand known mineralized zones, with ongoing soil sampling and outcrop mapping. The analytical work was performed by Actlabs, an accredited geoanalytical laboratory. Neotech follows industry-standard QA/QC procedures, ensuring data integrity.
Neotech Metals appoints Joao Alexandre Almeida Vieira as director, effective immediately, with Charn Deol stepping down. Vieira has over 15 years of mining exploration experience and operates an aviation business across Brazil, Africa, and the US. CEO Reagan Glazier highlighted Vieira's extensive experience and thanked Deol for his contributions. The company has granted 2,200,000 options at $0.38 to various stakeholders, exercisable over five years. Neotech Metals focuses on discovering and developing valuable mineral resources globally, with properties in British Columbia, including the TREO Rare Earth Element Property and the Foothills project, plus options on the EBB nickel-cobalt property.
Neotech Metals has announced the start of its summer field program on its 100% wholly-owned Foothills project in British Columbia, Canada. The exploration will include ground-based geophysics, rock and stream sediment sampling, and geochemical and biogeochemical sampling, targeting potential discoveries. This effort is in collaboration with Anomalous Exploration. The region, identified as highly prospective by the British Columbia Geological Survey (BCGS), has elevated rare-earth element concentrations. Neotech's CEO, Reagan Glazier, expressed excitement about the early access to the property due to diminished snowpack, allowing for extensive exploration within the year.
Neotech Metals Corp. (CSE: NTMC) (OTC Pink: NTMFF) (FSE: V690) has amended its definitive agreement with VR Resources regarding the purchase of a 100% interest in the Hecla-Kilmer REE mineral property located in Ontario. The Closing Date of the Transaction has been extended to June 30, 2024, to allow for a vote by VR Resources' shareholders at a Special Meeting on May 31, 2024.
