Neoterrex completes phase I exploration at Revolver

Executive Summary

• Neoterrex Minerals Inc. completed Phase I of its exploration program on the 100% owned Revolver rare earth elements project in Quebec, identifying 21 new REE occurrences with assays up to 7.16 % TREO.
• Over 49 grab and channel samples were collected; assay results are pending and will guide drill‑ready target definition for Phase II.
• The company reports a strong balance sheet with approximately $3 million of working capital and no debt, supporting continued multi‑project advancement.

Key Details

• Program Scope: Reconnaissance prospecting, detailed geological mapping, systematic sampling of high‑priority targets across the Revolver project.
• New Discoveries: 21 REE occurrences identified in 2024; two heavy rare earth‑enriched zones prioritized for follow‑up work.
• Assay Highlights: Samples returned up to 7.16 % total rare earth oxides (TREO) (assays pending final analysis).
• Sampling Effort: >49 grab and channel samples collected from outcrops, angular boulders, and mineralized trends; samples currently in laboratory analysis.
• Infrastructure Proximity: Project located 39 km from the Niobec REE/niobium mine and 35 km from Saguenay city, offering excellent access to roads and services.
• Next Steps – Phase II Planning:
• Target definition & prioritization for mechanical stripping and trenching.
• Mineralogical test work to evaluate processing pathways.
• Potential inclusion of geophysical surveys and initial drilling on priority targets.
• Financial Position: Approximately $3 million in working capital; no debt, enabling parallel advancement of Revolver, Galactic, Gravitas, and Mount Discovery projects.
• Strategic Importance: Early results suggest the Revolver project could become a new rare‑earth district in Quebec, supplying light and heavy REEs critical for high‑strength permanent magnets used in EVs, wind turbines, and defense applications.

Notable Quotes

“Initial results highlight the potential of the Revolver project as a new rare earth bearing district in Quebec… Our strong treasury and debt‑free balance sheet position us to advance multiple projects in parallel.” – Mathieu Stephens, President & CEO, Neoterrex Minerals Inc.