Neotech Metals Releases VR Resourses Shares from Escrow, Receives Funds from Warrant Exercise

Executive Summary

• Neotech Metals amended the escrow terms of its February 12, 2024 LOI with VR Resources, releasing all shares previously subject to a 30‑month escrow so they are now free‑trading.
• The company received CAD $133,500 from the exercise of warrants.
• Completed ~8,000 m of drilling on the Hecla‑Kilmer property in 2025 and re‑logged/re‑assayed ~1,900 m of legacy core; results will feed into a Maiden Resource Estimate expected in 2026.

Key Details

• Escrow Amendment: All shares issued to VR Resources under the LOI are released from escrow immediately, replacing the prior 30‑month lock‑up.
• Warrant Proceeds: CAD $133,500 received from warrant exercises; proceeds will support ongoing exploration and corporate activities.
• Drilling Activity (2025): Approximately 8,000 m of new drilling completed on the Hecla‑Kilmer property.
• Core Re‑analysis: ~1,900 m of core drilled by VR Resources (2020‑2023) re‑logged and re‑assayed for the full rare‑earth suite.
• Assay Status: All assay results are pending; they will be released once analysis is complete.
• Resource Estimate Timeline: Data from 2025 drilling and re‑assays to be incorporated into a Maiden Resource Estimate slated for release in 2026.

Notable Quotes

“The release of escrowed shares and the receipt of warrant proceeds provide us with additional flexibility as we move toward completing our maiden resource estimate for Hecla‑Kilmer,” – Reagan Glazier, CEO & Director.