Neotech raising $1 million for Timmins area projects

Neotech Metals Corp. has announced that it intends to complete a non-brokered private placement, in one or more tranches, of up to 6,666,666 units of the Company (the "Units"), at a price of $0.15 per Unit, for gross proceeds of up to $1,000,000 (the "Offering"). The Company reserves the right to increase the size of the Offering, subject to Canadian Stock Exchange ("CSE") approval.

Each Unit will be comprised of one common share and one common share purchase warrant (a "Warrant"), with each Warrant entitling the holder to purchase one common share (a "Warrant Share") at a price of $0.25 for a period of two years. The Warrants will be subject to an acceleration provision whereby, if for any 10 consecutive trading days following the closing of the Offering, the closing price of the Company's common shares (the "Shares") exceeds $0.40 per Share on the CSE, the Company may announce by way of news release that the expiry date of the warrants will be accelerated to 30 days thereafter.

The Units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue. Finder's fees may be payable to arm's length parties who introduce subscribers to the Company, in accordance with the policies of the CSE.

The Offering is expected to close on or about June 26, 2025. The Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the CSE. 

The Company may pay finder's fees in respect to the Offering.

The Company intends to use the net proceeds from the Offering for exploration expenditures at the Company's projects, as well as corporate and general working capital purposes.

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