Neotech Metals receives $200,000 funding from OJEP

Executive Summary

• Neotech Metals Corp. has received approval for a $200,000 grant from the Ontario Junior Exploration Program (OJEP), covering up to 50% of eligible 2025 exploration expenditures.
• The company completed approximately 8,000 metres of drilling at its Hecla-Kilmer (H/K) project in 2025 and is relogging/reassaying 1,900 metres of historical core for inclusion in a maiden resource estimate expected in 2026.
• Assays are currently pending and will be released upon completion.

Key Details

• Grant Details:
  • Source: Ontario Junior Exploration Program (OJEP).
  • Amount: Up to $200,000.
  • Coverage: Up to 50% of eligible mineral exploration expenditures.
  • Maximum Eligible Expenditure: $400,000.
  • Purpose: Applied toward eligible 2025 exploration expenditures at the company's 100% wholly-owned apatite-hosted rare-earth and niobium project.
  • Strategic Impact: Enables expansion of exploration footprint to distal targets and derisking of capital deployment within the nine-plus-kilometre geophysical anomaly representing the H/K carbonatite and Syenite complexes.
• Drilling Operations (2025):
  • Location: Hecla-Kilmer (H/K) project, located 15 km from the Otter Rapids 180-megawatt hydroelectric power generation facility.
  • Volume: Approximately 8,000 metres of drilling completed.
  • Historical Core Work: Relogging and reassaying of approximately 1,900 metres of core drilled by previous owner VR Resources Ltd. (between 2020 and 2023).
  • Scope: Reassaying for the full rare-earth suite.
  • Next Steps: Data to be included in the maiden resource estimate (MRE), expected in 2026.
  • Status: Assays are currently pending on all samples.
• Project Assets:
  • Hecla-Kilmer: Located 20 km from the Otter Rapids 180 MW hydro station and active Ontario Northway railway.
  • TREO and Foothills Projects: Located in British Columbia.
  • Ownership: All three projects are 100% wholly owned.
• Technical Approval:
  • Qualified Person: Jared Galenzoski, PGeo, Vice-President of Exploration.
  • Standard: Prepared in accordance with National Instrument 43-101.

Notable Quotes

• Reagan Glazier, CEO: "We sincerely appreciate the support of the government of Ontario through the Ontario Junior Exploration Program. This funding not only helps offset exploration risk, but also reinforces the province's commitment to fostering responsible discovery and development of strategic rare earth assets that are critical to future economic growth and supply chain security."
• Stephen Lecce, Minister of Energy and Mines: "Ontario is leading the charge to secure the minerals that will power our economy and strengthen our sovereignty... Through OJEP, we're backing companies like Neotech Metals Corp. to advance promising projects here at home-unlocking resources, creating jobs, and building a more self-reliant and secure Canadian economy."