NeoTech Metals Corp.1, has acquired the TREO Property, approximately 85km northeast of Prince George, British Columbia.
The Company believes the region holds great promise for Rare Earth Element (REE) mineralization potential. REE products are increasingly in demand as domestic applications in electronics, agriculture, power generation, healthcare, aerospace and the defense industry needs continue to grow exponentially. China has long dominated both production and processing and the home-grown market is under increased pressure to catch up.
Our initial project is located on-trend to a known deposit in Canada and we look forward to proving our asset value. Please explore our website to find out more about our opportunity, our team and our potential for success
Neotech Metals Corp also owns the right to acquire 100% interest in the Helca-Kilmer project which is a Carbonatite-hosted REE project in Northern Ontario, featuring world-class infrastructure including 180MW hydroelectric generation station 26km from the deposit and an active railway.
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.
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: | Crowe MacKay LLP |
|---|---|
| Transfer Agent: | Odyssey Trust |
| ISSUED & OUTSTANDING * | 48,568,170 |
|---|---|
| WARRANTS | 8,627,492 |
| OPTIONS / RSU | 3,104,167 |
| FULLY DILUTED | 60,299,829 |
*Includes 5,509,090 for TREO Property Acquisition
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DECEMBER 15, 2023
