(MENAFN- Newsfile Corp)
Vancouver, British Columbia--(Newsfile Corp. - October 4, 2024) - Neotech Metals Corp. (CSE: NTMC) (OTC Pink: NTMFF) (FSE: V690) ( "Neotech" or the "Company" ) is pleased to announce that it has received its exploration permit and has commenced drilling operations at its 100% wholly-owned Hecla-Kilmer property. The Company is also pleased to welcome Mr. Justin Daley as an advisor to the board.
The 5,000-meter drilling campaign will target peripheral zones to the northeast and southeast, in addition to extensional drilling around the Pike Zone, with the goal of establishing a maiden resource estimate.
Justin Daley, CEO and President of VR Resources, has managed multiple drill programs at Neotech's Hecla-Kilmer Rare Earth Element project in Northern Ontario and brings extensive experience in the geology, geophysics, and geochemistry of Rare Earth Element and Niobium systems.
"We're fortunate to have Mr. Daley join our team as his knowledge and experience will provide invaluable insight as we explore and advance this project." Reagan Glazier, CEO, commented: "We're also thrilled to be exploring at Hecla-Kilmer, which is located within the traditional territory of the Moose Cree First Nations, Taykwa Tagamou Nation and Metis Nation of Ontario."
As part of his compensation, Neotech will grant Mr. Daley 50,000 stock options, exercisable at a price of $0.30 for a three-year term.
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 including its new flagship project, Hecla-Kilmer, located 20 km from the Otter Rapids 180MW 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 VP Exploration, P.Geo., and Qualified Person, has reviewed and approved all of the data and statements made for this news release.
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