Neotech Metals Corp. Announces Commencement of the 2025 Hecla-Kilmer Exploration Program, Launches Critical Minerals Flow-Through Financing
Neotech Metals Corp. Announces
Commencement of the 2025 Hecla-Kilmer
Exploration Program, Launches Critical
Minerals Flow-Through Financing
Vancouver, British Columbia--(Newsfile Corp. - October 2, 2025) - Neotech Metals Corp. (CSE: NTMC)
(OTCQB: NTMFF) (FSE: V690) (
"Neotech"
or
"the Company"
) is pleased to announce the
commencement of the second field exploratory diamond drilling program of the Niobium and Rare Earth
Element (
"REE"
) bearing apatites located at the Hecla-Kilmer ("
H/K"
) Project near to Otter Rapids,
Ontario by Neotech in 2024.
This work supplements the previous works done by VR Resources and the
2024 initial program done by Neotech. A total of 12 new drill holes were completed in 2024 by Neotech
to supplement the 24 legacy drillholes done by VR Resources (
"VR"
) in previous exploration
campaigns.
The primary areas of interest are the Pike Zone, Northeast Zone and South Rim Zone which
were the locations to which the drillholes were placed for the recent program.
The current 2025 program is planned for up to 10,000 meters of new drilling (see attached Drill Map
Plan) across all areas of interest to further define and delineate the deposit while also validating the
magnetic and gravity surveys across the area.
The plans for the supplemental drilling have been done in
concert with Dahrouge Geological Consulting (
"Dahrouge"
) to set up a robust program that intends
lead to a preliminary resource level definition of the deposit.
Map Figure 1 – Approximate Drill Pad Locations for the 2025 Drill Campaign with the North West Pike
Zone. Drill pad locations and size are not exact.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9768/268629_neotechdrillmap.jpg
All program support crews and equipment have been mobilized to location with the drilling now being
underway. Additional site activities will include starting environmental monitoring and baseline
assessment as well as advancing stakeholder engagement with multiple key parties. Historic untested
and unsampled cores from the VR campaign are also being analyzed and assessed in parallel to this
new work to help provide a robust and verified data set.
The goal is to conduct the field exploration program throughout Q4 2025 with results being received from
assaying and subsequent reporting in early 2026.
The intent is to further understand the apatite hosting
REE deposit and its extents and modes of mineralization leading to a more enhanced and focused
program in later stages in the effort to approach a maiden resource.
Neotech is also pleased to announce the launch of a non-brokered private placement offering of up to
11,428,571 Critical Minerals Flow-Through (
"CMFT"
) shares at a price of $0.35 per share, to raise
gross proceeds of up to $4,000,000 CAD. Each CMFT share will be accompanied by one-half of one
common share purchase warrant. Each full warrant will entitle the holder to acquire one additional
common share of the Company at an exercise price of $0.45 per share for a period of 24 months from
the date of issuance. The Company may pay finders' fees consisting of 7% cash and 7% finder warrants,
each finder warrant exercisable under the same terms as the unit warrants. The proceeds will be used to
advance the ongoing exploration and development work at the Company's Hecla-Kilmer Rare Earth and
Niobium Project in Ontario.
Reagan Glazier, CEO commented, "We're very excited to be advancing this strategic rare earth and
niobium asset within Ontario at a time when global markets are actively seeking secure, North American
sources of critical minerals. The Hecla-Kilmer Project represents a unique opportunity — its rare earth
mineralization is hosted in apatite, a setting that may offer significant advantages in processing
efficiency and scalability compared to many existing projects. With drilling now underway, we're
positioning Neotech to deliver meaningful technical and economic milestones that could set a new
benchmark for rare earth development in Canada."
ON BEHALF OF THE BOARD
Reagan Glazier, Chief Executive Officer and Director
Neotech Metals Corp.
About the Neotech Metals
Neotech Metals Corp. 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 of Rare-Earth Element and Rare Metals projects, including the
Hecla-Kilmer, located 20 km from the Otter Rapids 180MW hydroelectric power generation station and
active Ontario Northlands railway, along with its TREO and Foothills projects located in British Columbia.
All three projects are 100% 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 VP Exploration, P.Geo.
FIMMM, and Qualified Person, has reviewed and approved all of the data and statements made for this
news release.
Contact Information
Reagan Glazier, CEO and Director
+1 403-815-6663
*
TREO (Total Rare-Earth Oxides) has been used to express the results in the press release. TREO is calculated by converting the elemental
ppm to Rare-Earth Oxides using a conversion factor and is the summation of CeO
2
+ La
2
O
3
+ Pr
6
O
11
+ Nd
2
O
3
+ Sm
2
O
3
+ Eu
2
O
3
+ Gd
2
O
3
+
Tb
4
O
7
+ Dy
2
O
3
+ Ho
2
O
3
+ Er
2
O
3
+ Tm
2
O
3
+ Yb
2
O
3
+ Lu
2
O
3
+ Y
2
O
3
.
Forward-Looking Statements
Certain information contained herein constitutes "forward-looking information" under Canadian
securities legislation. Generally, forward-looking information can be identified by the use of forward-
looking terminology such as "will", "will be" or variations of such words and phrases or statements that
certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and
estimates of management as of the date such statements are made and they are from those expressed
or implied by such forward-looking statements or forward-looking information subject to known and
unknown risks, uncertainties and other factors that may cause the actual results to be materially different,
including receipt of all necessary regulatory approvals. Although management of the Company have
attempted to identify important factors that could cause actual results to differ materially from those
contained in forward-looking statements or forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking
statements and forward-looking information. The Company will not update any forward-looking
statements or forward-looking information that are incorporated by reference herein, except as required
by applicable securities laws.
The CSE has not reviewed, approved, or disapproved the contents of this press release.
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