Neoterrex completes phase I exploration at Monument

Executive Summary

• Neoterrex Minerals completed Phase I of its summer exploration program at the 100%‑owned Monument REE project in Quebec.
• The company submitted applications for drill permits, with initial targets identified based on airborne EM/magnetic surveys and pending soil/till assay results.
• Neoterrex reports approximately $3 million of working capital and no debt, providing flexibility to advance multiple critical‑minerals projects.

Key Details

• Phase I consisted of a reconnaissance program confirming lack of bedrock exposure and reviewing two historic 1990s drill holes (carbonatite intersected, never assayed).
• Fall 2024 airborne magnetic and electromagnetic survey identified strong coincident anomalies comparable to those at the nearby Montviel REE deposit.
• Summer 2025 soil and till sampling was conducted over the most prominent anomalies; analytical results are pending.
• Initial drill targets have been selected and drill permit applications have been submitted to Quebec authorities.
• Working capital stands at roughly $3 million with zero debt, supporting parallel advancement of other critical‑minerals projects in the portfolio.
• The company continues collaboration with Indigenous communities on project development.

Notable Quotes

“Through this multiproject strategy, Neoterrex is strengthening its role in the exploration and development of critical minerals in North America, contributing to long‑term supply security for Western markets.” – Mathieu Stephens, President & CEO

Materiality Assessment: Non‑Material – Positive (operational progress with no disclosed resource or financial impact).