Neotech Metals Corp. CSE: NTMC | OTCQB: NTMFF | FSE: V690 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 of Rare-Earth Element and Rare Metals projects, including the Hecla-Kilmer, located 20 km from the Otter Rapids 180MW hydroelectric power generation station and active Ontario Northway railway, along with its TREO and Foothills projects located in British Columbia. All three projects are 100% wholly-owned.
The rare earth market stands at the nexus of key technological and sustainable trends, including AI, electric vehicles (EVs), wind turbines, solar panels, semiconductors, and microchips, making it a linchpin in the global technological ecosystem.
Wind turbines, critical for renewable energy, utilize neodymium-based magnets, and the solar industry benefits from cerium in solar panel production. Both sectors are experiencing rapid expansion as countries aim to meet renewable energy targets.
In the age of AI, rare earth magnets and phosphors, derived from elements like neodymium, praseodymium, yttrium, and europium, play vital roles. They enhance processing speed in AI hardware and ensure vibrant displays in advanced computing systems.
In the semiconductor and microchip industries, rare earth elements like yttrium and europium are essential in chip manufacturing processes, especially for LED technology and phosphors used in display screens.
EVs are pivotal in the transition to green transportation. Permanent magnets, primarily composed of neodymium and praseodymium, are essential for EV motor construction. As the world shifts to EVs for reduced carbon emissions, the demand for these REEs is poised for exponential growth.
The convergence of these technologies and the global shift towards sustainability underlines the rare earth market's significance. It will not only scale but also diversify to meet the growing demand from these sectors, solidifying its role in advancing green energy, technological innovation, and the global supply chain.
Near-term developments for the company include closing of Hecla-Kilmer transaction, up to 5,000m drill program (fully funded), 2nd phase metallurgical work, results from assays from 2 regional sampling programs, additional property announcements
The scientific and technical content in this material has been reviewed and approved by Jared Galenzoski, P. Geo., who is a “qualified person” as defined by National Instrument 43- 101 – Standards of Disclosure for Mineral Projects
CSE: NTMC
OTCQB: NTMFF
FSE: V690
| Company Name/Address: |
Neotech Metals Corp. 220-333 Terminal Avenue Vancouver, BC V6A 4C1 Canada |
|---|---|
| Trading Symbols: | CSE: NTMC | OTCQB: NTMFF | FSE: V690 |
| CUSIP: | 64064Y104 |
| ISIN: | CA64064Y1043 |
| WKN: | A3EXTU |
| Listing Date: | March 17, 2023 |
| Industry Classification: | Mining |
| Auditor: | Davidson and Company LLP |
|---|---|
| Transfer Agent: | Odyssey Trust |
| ISSUED & OUTSTANDING * | 61,873,668 |
|---|---|
| WARRANTS | 16,091,357 |
| OPTIONS / RSU | 3,083,334 |
| FULLY DILUTED | 81,022,231 |
*Includes 5,509,090 for TREO Property Acquisition
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NOVEMBER 26, 2024
