Neotech Metals Releases VR Resourses Shares from Escrow, Receives Funds from Warrant Exercise
Neotech Metals Releases VR Resourses
Shares from Escrow, Receives Funds from
Warrant Exercise
Vancouver, British Columbia,--(Newsfile Corp. - February 10, 2026) - Neotech Metals Corp. (CSE:
NTMC) (OTCQB: NTMFF) (FSE: V690) (
"Neotech"
or
"the Company"
) announces that it has
amended the escrow terms set out in the letter of intent ("
LOI
") dated February 12, 2024 between the
Company and VR Resources Ltd. ("
VR
"), with respect to the Hecla-Kilmer ("
H/K
") property, such that all
shares issued to VR pursuant to the LOI that were subject to the previous contractual escrow will now be
released from escrow and be free-trading immediately, replacing the previously stipulated 30-month
escrow release period.
The Company is also pleased to announce that it has received $133,500 in Canadian funds from the
exercise of warrants.
2025 Hecla-Kilmer Drill Campaign Update
Neotech Metals completed approximately 8,000 meters of drilling this year at H/K, as well as re-logging
and re-assaying approximately 1,900 meters of core drilled by the previous owner, VR Resources Ltd.,
between 2020-2023 for the full rare earth suite and is to be included in the Maiden Resource Estimate
("
MRE
"), expected to come in 2026.
Assays are currently pending on all samples and will be released upon completion.
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 Northway 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.,
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
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/283332