Neotech Metals Receives 200K Grant From OJEP

• Neotech Metals received approval for up to C$200,000 from the Ontario Junior Exploration Program (OJEP), covering 50% of eligible 2025 exploration expenditures on its 100% owned Hecla-Kilmer project.
• The company confirmed completion of approximately 8,000 meters of drilling during the 2025 campaign, alongside re-logging and re-assaying of 1,900 meters of legacy core.
• All assay results remain pending and will be released upon laboratory completion.
• The new and historical data will be compiled into a maiden resource estimate (MRE) targeted for release in 2026.
• Management highlighted the grant as a de-risking mechanism for capital deployment, aligning with provincial strategic mineral initiatives.

• The C$200,000 grant is non-dilutive and provides minor operational relief, but it is immaterial relative to the company's overall capital requirements and market capitalization.
• The announcement confirms operational execution (drill completion) but introduces no new geological or financial data, as assay results remain outstanding.
• The MRE timeline remains unchanged for 2026, meaning the core valuation catalyst is still pending.
• Given the company's low cash balance and high burn rate, the grant slightly extends the runway but does not eliminate the near-term need for equity financing.
• Overall, the news is incrementally positive but fully expected for a junior explorer in Ontario, lacking the surprise or scale required to move the stock materially.

• Neotech Metals is a junior exploration company focused on critical minerals, primarily rare earth elements (REE) and niobium.
• Flagship asset is the Hecla-Kilmer project in Northern Ontario, a 100% owned property covering 4,617 hectares across 224 claims.
• The deposit is characterized by apatite-hosted REE mineralization, with independent studies indicating up to 98% of TREO is hosted in apatite, enabling potential low-temperature, low-acid leaching.
• Secondary assets include the TREO property in British Columbia (35 claims, 2% NSR royalty with buyback options) and the Foothills REE property in BC (9 claims, royalty-free).
• The company is advancing toward a maiden resource estimate for Hecla-Kilmer, leveraging 2024-2025 drilling and legacy VR Resources data.