Neotech Metals (CSE:NTMC) has closed a non-brokered private placement, raising just over C$3.24 million ($3.53 million) which will be used for exploring the company’s assets and general working capital.
In October 2025, the company announced the issuance of about 9.25 million critical minerals exploration tax credit flow-through units (CMETCFT) of the company at C$0.35 per share.
Each CMETCFT unit comprised one common share and one-half of one share purchase warrant, exercisable at $0.45 within two years.
Neotech Metals has a diversified portfolio of rare earths projects including the Hecla-Kilmer and Foothills projects, located in Ontario and British Columbia, respectively.
Write to Aaliyah Rogan at Mining.com.au
Images: Neotech Metals
