Neotech Metals Corp. Announces Commencement of the 2025 Hecla-Kilmer Exploration Program, Launches Critical Minerals Flow-Through Financing

Executive Summary

• Neotech Metals launched a second field exploratory diamond‑drill program at the Hecla‑Kilmer (H/K) Project, targeting up to 10,000 m of drilling across the Pike, Northeast and South Rim zones during Q4 2025.
• The company simultaneously announced a non‑brokered private placement of up to 11,428,571 CMFT shares at $0.35 per share, seeking gross proceeds of up to C$4 million to fund the exploration program.
• Both initiatives are positioned to advance the project toward a maiden resource estimate and support Neotech’s strategy to become a North‑American source of critical niobium and rare‑earth minerals.

Key Details

• Drilling Program
• Total of 12 new drill holes completed in 2024, supplementing 24 legacy holes from VR Resources.
• 2025 program plans up to 10,000 m of additional drilling across the Pike Zone, Northeast Zone, and South Rim Zone.
• Drilling is being conducted in concert with Dahrouge Geological Consulting to define a preliminary resource level.
• Mobilization of support crews and equipment is complete; drilling commenced in Q4 2025.
• Environmental monitoring, baseline assessments, and stakeholder engagement activities are underway concurrently.

• Results (assay data) expected in early 2026, with the aim of moving toward a maiden resource estimate.

• Private Placement Financing

• Offering up to 11,428,571 Critical Minerals Flow‑Through (CMFT) shares at $0.35 per share.
• Gross proceeds target: C$4 million.
• Each CMFT unit includes ½ common share purchase warrant; a full warrant allows purchase of one additional common share at $0.45 for 24 months from issuance.
• Finder’s fees: 7% cash and 7% finder warrants, with finder warrants exercisable on the same terms as the unit warrants.

• Proceeds will be used to fund ongoing exploration and development work at the Hecla‑Kilmer Project.

• Management Commentary

• CEO Reagan Glazier highlighted the strategic importance of advancing a North‑American critical minerals asset amid growing global demand for secure supply chains.

Notable Quotes

“We’re very excited to be advancing this strategic rare earth and niobium asset within Ontario at a time when global markets are actively seeking secure, North American sources of critical minerals.” – Reagan Glazier, CEO & Director, Neotech Metals Corp.