NeoTerrex Provides Exploration Update
Neoterrex advances its Quebec exploration program through new staked claims and completed due diligence across multiple projects.
Neoterrex Minerals Inc. (NTX) released a comprehensive update on September 10, 2026, detailing its fully funded 2026 exploration program across multiple properties in Quebec.
At the Strange Lake West property, a maiden exploration program has commenced, focusing on geological mapping, prospecting, and the identification of historical rare earth element (REE) occurrences. Historical outcrop and boulder samples have returned total rare earth oxide (TREO) values ranging from 0.10% to 1.40%, including dysprosium.
Due diligence and a technical review for the Reservoir Project have been completed, with definitive agreement drafting currently underway. Historical drill intersections highlight high-grade polymetallic potential, including the following intercepts:
- Mitlin: 13.17 g/t Au, 8.15% Cu
- Barrage: 13.05 g/t Au, 1.94% Cu
At the Gravitas Project, a summer surface program has been completed. A new gold occurrence returned 4.43 g/t Au. Previously contemplated drilling has been deferred to allow for the development of additional regional targets.
The Monument Project has expanded south to cover an untested electromagnetic anomaly. Till sampling has been completed, with results pending. Previous drilling encountered substantial sulphides but no significant precious or base metals.
Field programs for mapping and prospecting have been initiated at the newly staked Incognito and Sentinel Projects. Incognito shows anomalous copper approaching 700 ppm, while Sentinel targets historical occurrences, including a potential gold showing of 5.87 g/t Au.
Operations at the Galactic and Revolver Projects, which continue to show REE potential (Galactic: high zirconium; Revolver: high TREO), have been paused pending the establishment of a framework with local communities.
Samples have been submitted to ALS Laboratories. Mathieu Stephens, P.Geo., serves as the Qualified Person. Historical data is noted as not independently verified.
The company reported the completion of due diligence on the Reservoir project and new staking activities.
However, the update also highlighted deferrals in drilling at the Gravitas project, as well as pauses on the Galactic and Revolver projects due to ongoing community negotiations. These developments indicate execution risks and timeline uncertainties.
The release did not disclose any new financial data, major discoveries, or strategic partnerships. The company confirmed it is spending its working capital on exploration as planned.
Neoterrex Minerals Inc. (NTX) is a Quebec-based critical minerals explorer focused on rare earth elements, tungsten, copper, and gold. The company’s flagship projects include Strange Lake West, which is adjacent to Torngat Metals' Strange Lake REE deposit; Monument, located near the Montviel REE deposit; Gravitas, a historical tungsten, copper, and gold property; and Reservoir, a polymetallic copper, gold, silver, and tungsten site.
The company’s strategy leverages Quebec’s infrastructure, low-cost electricity, and government incentives to supply the growing green-energy and defense markets. Management emphasizes a multi-project approach to diversify exploration risk and capture district-scale critical metal potential.