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NeoTerrex Minerals Announces Closing of $500,000 Private Placement with SIDEX and NQ Mining Investment
Ottawa, Ontario--(Newsfile Corp. - December 12, 2025) - NeoTerrex Minerals Inc. (TSXV: NTX) ("Neo...
About this update from Neoterrex Minerals Inc
[{"type":"text","content":"NeoTerrex Minerals Announces Closing of $500,000 Private Placement with SIDEX and NQ Mining InvestmentOttawa, Ontario--(Newsfile Corp. - December 12, 2025) - NeoTerrex Minerals Inc. (TSXV: NTX) (\"NeoTerrex\" or the \"Company\") is pleased to announce that it has completed a non-brokered private placement (the \"Private Placement\") by issuing 2,000,000 units (the \"Units\") of the Company at a price of $0.25 per Unit, for gross proceeds of $500,000. Each unit consists of one common share and one-half of a common share purchase warrant exercisable for a period of 24 months from the date the Units are issued at a price of $0.40 per share. There are no finders fee paid in connection with the Private Placement and the Units are subject to a four-month and one day hold period. The Company has paid to the subscribers a total of $20,000 in administrative fees in connection with the Private Placement. The Private Placement is subject to the final approval of the TSX Venture Exchange.The entirety of the proceeds of the Private Placement will be used for exploration on the Company's critical metals projects in Quebec, including its Strange Lake West project. The Company is very pleased to receive the support of Quebec-based SIDEX limited partnership (\"SIDEX\") and NQ Mining Investment (\"NQMI\") who each contributed $250,000 in the Private Placement.\"We are extremely pleased with the recognition and support provided to NeoTerrex by SIDEX and NQMI,\" says Mathieu Stephens, President and CEO of NeoTerrex. \"Their investment follows a rigorous selection process, which we believe validates the potential of the Company's critical metal projects.\"About SidexSIDEX is an initiative of the Québec government and the Fonds de solidarité FTQ. Its mission is to invest in companies engaged in mineral exploration in Québec in order to diversify the province's mineral base, promote innovation and encourage new entrepreneurs.About NQMINQ Mining Investment is a Matagami-based regional investment fund dedicated to mining development in Northern Quebec. The fund offers support and strategic expertise to exploration companies, with investments guided by a sustainable and responsible approach, promoting positive spin-offs for local and aboriginal communities.About NeoTerrexNeoTerrex's projects are located in Québec, a province recognize...