NeoTerrex Provides Gold, Copper and Tungsten Assay Results for Its Gravitas Project, Including 4.06% Copper

On October 28, 2025, NeoTerrex Minerals announced additional assay results from its summer exploration program at the 100% owned, royalty-free Gravitas project in Quebec. The results are from grab samples and include a highlight of 4.06% copper, along with anomalous gold, silver, and tungsten values. The company explicitly states that grab samples are selective by nature and may not be representative of average grades on the project.

This news is a routine exploration update that provides incremental positive data but is not material to the company's overall valuation or investment thesis.

The results build upon previous grab samples from Gravitas reported on July 17, 2025, which returned up to 2.48% copper. The new high of 4.06% copper is an improvement and confirms the presence of high-grade copper mineralization at the surface. However, the market's focus is justifiably on NeoTerrex's rare earth element (REE) projects, which have generated more significant news recently.

Looking at the progression of news: - October 15, 2025: The company received drill permits for its Monument REE project, announcing a 14-hole, 2,000-metre program to commence in early November. This is the most significant near-term catalyst and was a key driver of the stock's recent rally to a high of $0.40. - October 24, 2025: NeoTerrex released exceptionally high-grade REE grab sample results from its Revolver project, including 12.87% Total Rare Earth Oxides (TREO). This news further solidified the company's REE potential.

In this context, the Gravitas copper results are a positive but secondary development. They demonstrate that the company is systematically advancing its portfolio as outlined in its 2025 exploration plans (May 8, 2025), but this news is overshadowed by the more impactful REE initiatives. The stock has pulled back from its $0.40 high to $0.29, suggesting the market has priced in the positive surface sample news and is now in a "wait and see" mode for the Monument drill results. This update on a non-core project is unlikely to reverse that sentiment.

NeoTerrex Minerals Inc. is a Canadian junior exploration company focused on critical and strategic minerals, primarily within Quebec. The company holds a diverse portfolio of projects prospective for REE, tungsten, copper, and gold.

While the company has multiple projects, the current flagship initiative is the Monument REE Project. This is based on its proximity to a known large REE deposit (Montviel), its defined geophysical targets, and the fact that it is the subject of an imminent and fully-permitted 2,000-metre drill program, making it the primary near-term value driver. The Revolver REE project is a close second in importance due to its exceptionally high-grade surface sample results.