NeoTerrex Completes Summer Program at the Monument Rare Earths Project, Applies for Drill Permits
NeoTerrex Completes Summer Program at the
Monument Rare Earths Project, Applies for
Drill Permits
Ottawa, Ontario--(Newsfile Corp. - September 17, 2025) - NeoTerrex Minerals Inc. (TSXV: NTX)
("NeoTerrex" or the "Company") is pleased to announce the successful completion of the first phase
(Phase I) of its exploration program at its 100%-owned Monument Rare Earth Element ("REE") project
(the "Project"), located in the Waswanipi/Montviel region of Quebec.
The Project is adjacent to the Montviel light rare deposit which boasts a NI 43-101 resource of 183.9
million tonnes ("Mt") grading 1.45% Total Rare Earth Oxides Indicated and 66.7 Mt Inferred grading
1.46% Total Rare Earth Oxides (SGS Canada, 2011). The Project shares the same geology as the
Montviel deposit but has never been explored for rare earths.
A first-pass reconnaissance program on the Project revealed no bedrock exposure on the claims, which
helps explain the lack of historical exploration in the area. Only two historical drill holes, spaced
approximately 2 kilometres apart, are known to have been completed within the Project boundaries.
These holes, drilled in the 1990s in search of diamonds, did not intersect kimberlite but instead cut
carbonatite along their entire length. Importantly, the drill core was never assayed at the time.
In the fall of 2024, NeoTerrex completed an airborne magnetic and electromagnetic survey over the
Project. This work identified strong coincident electromagnetic and magnetic anomalies, comparable to
those associated with the nearby Montviel REE deposit, located approximately 5 kilometres east of the
Project.
Building on these results, during the summer of 2025, NeoTerrex completed a soil and till sampling
program across the most prominent anomalies to evaluate their potential source and refine drill targets.
Analytical results from this program are pending.
Planning for an upcoming drill program is ongoing, with initial targets selected and applications for drill
permits submitted.
NeoTerrex remains well-financed with approximately $3 million in working capital and no debt,
positioning the Company with the flexibility to advance multiple projects in parallel. In addition to the
Project, NeoTerrex is actively evaluating and advancing its broader portfolio of critical mineral projects,
each with rare earth elements and other critical metals potential.
Through this multi-project strategy, NeoTerrex is strengthening its role in the exploration and
development of critical minerals in North America, with the overarching objective of contributing to long-
term supply security for Western markets. In advancing these efforts, the Company continues to
collaborate with Indigenous communities, ensuring that local perspectives are recognized and
incorporated into the development of its projects.
Qualified Persons
Technical and scientific aspects of this news release have been reviewed, verified, and approved by
Mathieu Stephens, P.Geo., President and CEO of NeoTerrex, the Qualified Person, as defined by
National Instrument 43-101 -
Standards of Disclosure for Mineral Projects
. The Qualified Person has
not verified the Montviel deposit resource estimate, and its mineralization is not necessarily indicative to
the mineralization on the Project.
About NeoTerrex
The Company is currently advancing its prospective critical minerals projects located in the Province of
Quebec, with the majority located within or near areas with excellent infrastructure. NeoTerrex is
positioning itself to capitalize on the growing critical minerals sector in North America by identifying new
deposits in favorable locations.
For further information, please contact:
NeoTerrex Minerals Inc.
Mathieu Stephens, President & Chief Executive Officer
343-308-2648
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This news release may contain certain forward-looking information and statements, including without
limitation, statements pertaining to NeoTerrex's future plans, objectives or goals regarding the drill
program of the Company and the timing and results of assay results. All statements included herein,
other than statements of historical fact, are forward-looking information and such information involves
various risks and uncertainties.
The Company does not undertake to update any forward-looking
information except in accordance with applicable securities laws. There can be no assurance that such
information will prove to be accurate, and actual results and future events could differ materially from
those anticipated in such information. A description of assumptions used to develop such forward-
looking information and a description of risk factors that may cause actual results to differ materially from
forward-looking information can be found in the Company's disclosure documents on the SEDAR+
website at
www.sedarplus.ca
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/266776