Neotech Metals Drills 214m of 0.67% TREO, 21.2 g/t Gallium, 21.9 g/t Tantalum and 0.1% NbO at Hecla-Kilmer

Executive Summary of Latest Release

• Date: 2026-04-21
• Event Type: Drill Results (First round from 2025 campaign)
• Key Discovery: Hecla-Kilmer Rare Earth Project in Ontario shows continuous mineralization with significant by-product values.
• Specific Grades: 214m interval @ 0.67% TREO, 21.2 g/t Gallium, 21.9 g/t Tantalum, and 0.1% NbO (Niobium).
• Campaign Scope: Results come from the completion of ~8,000m drilling in 2025 plus re-assay of historical core (~1,980m).
• Future Milestone: Data to be incorporated into a Maiden Resource Estimate (MRE) scheduled for 2026.

News Rating Justification

• Routine - Positive: The news confirms expectations set by previous announcements regarding the completion of the drilling program and the potential for critical minerals.
• Incremental Nature: While the Gallium and Tantalum values are notable, they follow the established narrative of a multi-element deposit (REE + Niobium) previously highlighted in December 2025 mineralogy reports.
• Market Expectation: The market has been pricing in these results since the drilling completion was announced in November 2025 and the grant was secured in March 2026.
• Resource Estimate Dependency: True material impact will likely occur upon the release of the Maiden Resource Estimate (MRE) in 2026, not solely on drill intercepts which are standard for this stage.

Project Details

• Flagship Asset: Hecla-Kilmer Rare Earth Project (100% owned), Ontario, Canada.
• Location: ~15 km from Otter Rapids hydro plant (power access).
• Mineralization: Apatite-hosted Rare Earth Elements (REEs) and Niobium.
• By-Products: Gallium, Tantalum, Niobium (critical for semiconductors/green energy).
• Development Stage: Exploration/Resource Definition (Drilling completed, MRE pending 2026).