Core Points - Neotech Metals Corp. has successfully closed a non-brokered private placement financing, raising a total of $1,472,338 [1][3] - The financing included the issuance of 660,810 non-flow through units at $0.17 per unit and 5,440,000 flow-through units at $0.25 per unit [2] - The net proceeds from the flow-through units will be allocated for qualified expenditures related to the company's mineral properties, while the proceeds from the non-flow through units will be used for general working capital [4] Financial Details - The non-flow through units consist of one common share and one share purchase warrant, with the warrant allowing the purchase of a common share at $0.35 for two years [2] - The flow-through units also include one common share and one share purchase warrant with the same terms as the non-flow through units [2] - The company received an additional $533,885 from warrant exercises in August [5] Company Overview - Neotech Metals Corp. is focused on mineral exploration and development, particularly in rare-earth elements and rare metals [7] - The company has a diversified portfolio of projects, including the Hecla-Kilmer project and others located in British Columbia, all of which are 100% owned [9]