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Caravan Energy Corp. ( (TSE:NTMC) ) has provided an update.
Neotech Metals Corp. has successfully closed its non-brokered private placement financing, raising over $3.24 million through the issuance of critical minerals exploration tax credit flow-through units. The funds will be allocated towards qualified expenditures on the company’s mineral properties and general working capital. The financing included insider participation, which was exempt from certain regulatory requirements due to its proportionate size relative to the company’s market capitalization. This development strengthens Neotech’s financial position, enabling further exploration and development of its mineral projects, potentially enhancing its market presence and stakeholder value.
More about Caravan Energy Corp.
Neotech Metals Corp. is a mineral exploration company focused on discovering and developing valuable mineral resources globally. It emphasizes environmental stewardship and sustainable practices, with a diversified portfolio of rare-earth element and rare metals projects, including the Hecla-Kilmer, TREO, and Foothills projects, all wholly-owned and located in Canada.
Average Trading Volume: 133,871
Technical Sentiment Signal: Hold
Current Market Cap: C$15.56M
See more insights into NTMC stock on TipRanks’ Stock Analysis page.