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Neotech Metals Corp
Symbol NTMC
Shares Issued 52,568,170
Close 2024-09-20 C$ 0.155
Market Cap C$ 8,148,066
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Neotech Metals approved for $200,000 in Ontario funding

2024-09-23 08:10 ET - News Release

Mr. Reagan Glazier reports

NEOTECH METALS CORP. APPROVED FOR $200,000 ONTARIO JUNIOR EXPLORATION PROGRAM GRANT

Neotech Metals Corp. has been approved by the Ontario Junior Exploration Program (OJEP) to receive $200,000 to help fund exploration activities within the province of Ontario.

The OJEP grant, a provincial program aimed at incentivizing exploration in the critical-minerals sector, supports the discovery and development of mineral resources vital to the global green transition. These funds will be allocated to Neotech's next drilling campaign, targeting geophysical anomalies in proximity to the Pike and South Rim zones at Hecla-Kilmer.

"We greatly appreciate the support from the Province of Ontario as this investment not only helps position us as a key strategy in the critical minerals sector, but also unlocks new opportunities for the province as a whole," Reagan Glazier, chief executive officer, said. "By advancing our exploration and development efforts, we have the potential to contribute to building a new industry within Ontario, one that supports the green transition and strengthens the province's economic future. The government's backing demonstrates the high quality of Ontario as a mining jurisdiction, providing a stable and supportive environment for innovation and growth."

About the Neotech Metals

Neotech Metals is a mineral exploration company dedicated to discovering and developing valuable mineral resources within promising jurisdictions around the world. With a strong commitment to environmental stewardship and sustainable practices, Neotech is positioned to make a positive impact while maximizing the potential of its exploration properties.

Its flagship Hecla-Kilmer project, located 20 kilometres from the Otter Rapids 180-megawatt hydroelectric power generation station and active Ontario Northway railway, was recently acquired in July, 2024, along with its TREO and Foothills projects located in British Columbia. All three projects are 100 per cent wholly owned.

Qualified person

Technical information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Jared Galenzoski, vice-president of exploration, PGeo, a qualified person, has reviewed and approved all of the data and statements made for this news release.

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