Neotech Metals Corp, a mineral exploration company, based in Vancouver, British Columbia announced that metallurgical testing has begun on their flagship Hecla-Kilmer property in partnership with SGS Laboratories. The testing will evaluate the economic potential of an expanded drilling campaign integrating rare earth mineralization, niobium-related mineralization, and phosphate recoveries to advance the project.
The initial phase of testing will focus on assessing the project’s metallurgical response to various flowsheets including gravity, flotation, and magnetic separation methods. The analysis will consider potential recoveries, liberation, beneficiation components, and other variables aimed at progressing the project towards its next milestone.
Additionally, Neotech Metals Corp. has announced a new non-brokered private placement LIFE financing (the “Offering”) to replace the previously announced offerings. The Offering comprises a minimum of $1,350,000 and up to a maximum of $2,500,000, with each unit priced at $0.15. The proceeds will be used for exploration expenditures, corporate operations, and general expenses.
The CEO, Reagan Glazier, expressed optimism about the development of the H/K Rare-Earth project and the unique opportunities presented by the Apatite-hosted REEs, emphasizing the company’s commitment to addressing any challenges that may arise.
Neotech Metals Corp. is dedicated to discovering and developing mineral resources in promising jurisdictions around the world, with a focus on environmental stewardship and sustainable practices. Their flagship Hecla-Kilmer project, acquired in July 2024, along with other projects, is aimed at maximizing exploration potential while making a positive impact.
Technical information in this release has been prepared in accordance with Canadian regulatory requirements. Jared Galenzoski, VP Exploration, P.Geo., and Qualified Person, has reviewed and approved the data presented.
Forward-looking statements in this release are subject to known and unknown risks and uncertainties, and readers are advised not to place undue reliance on such statements. The CSE has not reviewed, approved, or disapproved the contents of this press release.
