NeoTerrex Minerals Announces Closing of $500,000 Private Placement with SIDEX and NQ Mining Investment

NeoTerrex Minerals Inc. announced the closing of a non-brokered private placement for gross proceeds of $500,000. The financing was subscribed to by SIDEX limited partnership and NQ Mining Investment (NQMI), two Quebec-based institutional funds.

The placement consists of 2,000,000 units at a price of $0.25 per unit. Each unit comprises one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at an exercise price of $0.40 for a period of 24 months. The proceeds will be used for exploration on the company's critical metals projects in Quebec, including the Strange Lake West project.

The closing of a $500,000 private placement is a routine but positive development for NeoTerrex. While the amount is relatively small, its significance lies in the participants and the pricing.

• Strategic Investors: The investment by SIDEX (a partnership involving the Government of Québec) and NQMI represents a strong institutional endorsement of the company's Quebec-based projects and management team. This validation from "smart money" is a significant de-risking event from a jurisdictional and project potential perspective.
• Favorable Terms: The financing was conducted at $0.25 per share, a premium to the previous day's closing price of $0.23. Raising capital at a premium to the market price is a sign of strength and investor confidence, avoiding the dilutive impact of a discounted placement.
• Balance Sheet: As of September 30, 2025, the company had approximately $2.1M in cash. Given the commencement of a 2,000-metre drill program at the Monument project in late October, the company's cash position was likely diminishing. This $500,000 injection provides a necessary extension to its financial runway, allowing it to complete its Q4 programs and await crucial assay results without immediate financial pressure.

From a critical standpoint, this is a bridge financing. The amount raised is not sufficient to fund a major exploration campaign in 2026. It serves to shore up working capital while the market awaits the results from the Monument drilling. If those results are positive, the company will be in a much stronger position to raise a more substantial amount of capital at a higher valuation. If the results are poor, they will have preserved some capital but will face significant financing challenges.

Overall, the news is positive. It confirms management's ability to attract strategic capital on favorable terms and addresses a near-term need for cash. However, it does not fundamentally change the speculative nature of the company, which hinges entirely on pending exploration results.

NeoTerrex Minerals Inc. is a junior exploration company focused on critical and strategic minerals, primarily Rare Earth Elements (REE), tungsten, and copper. Its entire project portfolio is located in the mining-friendly jurisdiction of Quebec, Canada. The company's strategy involves advancing multiple early-stage projects simultaneously.

While the company has a large portfolio, the Monument REE project appears to be the most advanced and serves as the de facto flagship project. It is 100% owned, located near the large Montviel REE deposit, and is the subject of the company's recently completed maiden 2,000-metre drill program. Other key projects with very high-grade surface samples include Revolver (REE), Galactic (REE, Zirconium), and Gravitas (Tungsten, Copper).