Core Insights - Neotech Metals Corp. has initiated its second field exploratory diamond drilling program at the Hecla-Kilmer Project in Ontario, focusing on niobium and rare earth elements [2][4] - The 2025 drilling program aims to cover up to 10,000 meters to further define the deposit and validate previous surveys [3][6] - A non-brokered private placement offering has been launched to raise up to CAD 4 million to support ongoing exploration efforts [7][8] Exploration Program - The current drilling program follows a previous campaign by VR Resources and includes 12 new drill holes to supplement 24 legacy holes [2][5] - Key areas of interest for the drilling include the Pike Zone, Northeast Zone, and South Rim Zone [2][3] - The program is designed in collaboration with Dahrouge Geological Consulting to establish a preliminary resource level definition [3][6] Financial Aspects - The company plans to issue up to 11,428,571 Critical Minerals Flow-Through shares at CAD 0.35 each, with gross proceeds expected to reach CAD 4 million [7] - Each share will come with a warrant allowing the purchase of additional shares at CAD 0.45 for 24 months [7] Strategic Importance - The Hecla-Kilmer Project is positioned as a significant opportunity for rare earth mineralization, potentially offering advantages in processing efficiency [8] - The exploration aligns with the growing demand for secure North American sources of critical minerals [8]