Neotech Metals Announces Close of Private Placement

Financing Details - Neotech Metals Corp. closed a non-brokered private placement financing, issuing 9,258,414 critical minerals exploration tax credit flow-through units at a price of $0.35 per unit, resulting in gross proceeds of $3,240,445 [1] - The financing included the issuance of 285,000 units to an insider for gross proceeds of $99,750, which constituted a related party transaction [3] - Finder's fees of $57,304.96 were paid, and 163,728 non-transferable finder's warrants were issued, allowing the purchase of shares at $0.45 for two years [2] Use of Proceeds - The net proceeds from the sale of the CMETCFT Units will be allocated for qualified expenditures related to the company's mineral properties and for general working capital purposes [4] Company Overview - Neotech Metals Corp. is focused on discovering and developing valuable mineral resources, emphasizing environmental stewardship and sustainable practices [6] - The company has a diversified portfolio of Rare-Earth Element and Rare Metals projects, including the Hecla-Kilmer project and others located in British Columbia [7] Warrant Details - Each CMETCFT Unit consists of one common share and one-half of a share purchase warrant, with the warrants allowing purchase of one common share at $0.45 for two years [1] - The warrants have an acceleration provision if the closing price of the company's shares exceeds $0.75 for 20 consecutive trading days [4]