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Neotech Metals Announces Close of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - October 31, 2025) - Neotech Metals Corp. (CSE: NTMC) (OTCQB: NTMFF) (FSE: V690) ("Neotech" or "the Company") is pleased to announce, further to its news release dated October 2, 2025, that it has closed its non-brokered private placement financing (the "Financing"). Under the Financing, the Company issued 9,258,414 critical minerals exploration tax credit flow-through units of the Company (the "CMETCFT Units"), at a price of $0.35 per CMETCFT Unit,.
About this update from Neotech Metals Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - October 31, 2025) - Neotech Metals Corp. (CSE: NTMC) (OTCQB: NTMFF) (FSE: V690) ("Neotech" or "the Company") is pleased to announce, further to its news release dated October 2, 2025, that it has closed its non-brokered private placement financing (the "Financing"). Under the Financing, the Company issued 9,258,414 critical minerals exploration tax credit flow-through units of the Company (the "CMETCFT Units"), at a price of $0.35 per CMETCFT Unit, for gross proceeds of $3,240,445, with each CMETCFT Unit comprised of one common share that qualifies as a "flow-through share" as defined in the Income Tax Act (Canada) and one-half of one share purchase warrant entitling the holder to purchase one common share at a price of $0.45 for a period of two years (the "Warrants").","length":886,"tagName":"p"},{"type":"text","content":"In connection with the Financing, the Company paid finder's fees of $57,304.96 and issued 163,728 non-transferable finder's warrants (the "Finder's Warrants") to certain eligible finders. Each Finder's Warrant entitles the holder thereof to acquire one (1) Share at any time for a period of two (2) years from the date of issuance at a price of $0.45 per Share.","length":387,"tagName":"p"},{"type":"text","content":"The Financing included an issuance of 285,000 CMETCFT Units to an insider of the Company for gross proceeds of $99,750. Accordingly, the issuance of such securities (collectively, the "Insider Participation") constituted a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company was exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Insider Participation in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the Insider Participation nor the securities issued in connection therewith exceeded 25% of the Company's market capitalization.","length":793,"tagName":"p"},{"type":"text","content":"The net proceeds from the sale of the CMETCFT Units will be used for qualified expenditures in respect of the Company's mineral prop...