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The latest announcement is out from Caravan Energy Corp. ( (TSE:NTMC) ).
Neotech Metals Corp. has announced promising geochemical assay results from its exploratory diamond drilling program at the Hecla-Kilmer Project in Northern Ontario. The results, which include significant intervals of Total Rare Earth Oxide (TREO) and Niobium Oxide (Nb2O5), highlight the project’s potential as a strategically important domestic rare earth resource. The company has also completed a shares-for-debt settlement, further strengthening its financial position. The exploration program aims to validate previous geophysical surveys and identify mineralized zones, with ongoing technical studies to advance metallurgical testing. Neotech plans to continue exploration to delineate resources and develop the asset, with a fully funded drill program for its TREO project scheduled for 2025.
More about Caravan Energy Corp.
YTD Price Performance: 60.0%
Average Trading Volume: 128,104
Technical Sentiment Signal: Hold
For an in-depth examination of NTMC stock, go to TipRanks’ Stock Analysis page.