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Neotech Metals Corp
Symbol NTMC
Shares Issued 61,873,668
Close 2024-11-05 C$ 0.13
Market Cap C$ 8,043,577
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Neotech receives OK for OTCQB listing, closes financing

2024-11-06 08:35 ET - News Release

Mr. Reagan Glazier reports

NEOTECH METALS CORP. EXPANDS US INVESTOR ACCESS WITH OTCQB UPLIST, CLOSES LIFE FINANCING, AND PROVIDES DRILLING UPDATE AT HECLA-KILMER

Neotech Metals Corp. has received approval to uplist onto the OTCQB market, closed its LIFE (listed issuer financing exemption) financing for $1,351,450 and completed over 3,600 metres of drilling in its maiden campaign at its 100-per-cent-owned flagship property, Hecla-Kilmer.

The OTCQB is a U.S. trading platform operated by OTC Markets Group Inc., designed for developing and entrepreneurial-stage companies. The OTCQB is recognized by the U.S. Securities and Exchange Commission as an established public market for determining the public market price when registering securities for resale.

The completed LIFE financing will finance the company as it advances its portfolio of rare earth element exploration projects in the stable jurisdiction of Canada.

Drilling commenced earlier this fall at the company's 100-per-cent-owned flagship project, Hecla-Kilmer, in Northern Ontario. The successful campaign has already resulted in over 3,600 metres drilled, with core samples being split and sent to the lab for assay results. The drill campaign, fully financed by Neotech's previous flow-through financing, is expected to conclude this month, with the company's focus shifting to geologic modelling, community engagement and planning for next season's programs.

"I'm pleased with the progress under way at Hecla-Kilmer and with our cross-trading on the OTCQB as it provides our current and potential shareholders with an additional regulated platform from which they can conveniently trade our common shares," commented chief executive officer Reagan Glazier. "This expanded access to the U.S. metals and mining investment market offers greater visibility and transparency to our investors, allowing us to reach a broader audience. We greatly appreciate the support of our partners and shareholders as we continue executing on our business plan."

About Neotech Metals Corp.

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.

The company has a diversified portfolio, including its new flagship, Hecla-Kilmer, located 20 kilometres from Otter Rapids' 180-megawatt hydroelectric power generation station and active Ontario Northway railway. Hecla-Kilmer was recently acquired in July, 2024. The company also wholly owns its TREO and Foothills projects located in British Columbia.

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, PGeo, vice-president, exploration, and qualified person, has reviewed and approved all of the data and statements made for this news release.

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