Neotech metals corp. completes hecla-kilmer ree project acquisition

Vancouver, british columbia--(newsfile corp. - july 23, 2024) - neotech metals corp. (cse: ntmc) (otc pink: ntmff) (fse: v690) ("neotech" or "the company") is pleased to announce, further to its news release dated march 11, 2024, that it has completed the acquisition ("acquisition") of the hecla-kilmer ("h/k") rare-earth elements ("ree") and niobium project in northwestern ontario from vr resources ltd. (vrr"). in consideration for the acquisition, the company has paid to vrr $1,000,000 in cash, and issued to them 4,000,000 common shares (the "shares") of the company on the following basis: 500,000 shares are issued and subject to resale restrictions ending november 20, 2024; 1,500,000 shares are subject to resale restrictions ending july 19, 2025; 1,500,000 shares are subject to resale restrictions ending july 19, 2026; and 500,000 shares are subject to resale restrictions ending january 19, 2027.
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