Neotech Metals Announces LIFE Financing

Core Viewpoint - Neotech Metals Corp. is initiating a non-brokered private placement financing to raise between $1,500,000 and $2,500,000 through the sale of units priced at $0.25 each, aimed at funding exploration and operational expenses [1][3]. Group 1: Offering Details - The offering will consist of a minimum of 6,000,000 units and up to 10,000,000 units, with each unit comprising one common share and one warrant [1]. - Each warrant allows the holder to purchase an additional common share at a price of $0.35 for a period of 36 months from issuance [1]. - The company may pay finders a cash commission of up to 7% of the gross proceeds and issue finder's warrants equivalent to 7% of the total units subscribed [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration expenditures and general corporate operating expenses [3]. Group 3: Company Background - Neotech Metals Corp. is focused on mineral exploration, owning 100% of its TREO Rare Earth Element Property and Foothills Rare Earth Element Property in British Columbia [15].