Neotech Metals Expands REE Holdings in Ontario

Caravan Energy Corp. (TSE:NTMC) has released an update.

Neotech Metals Corp. has announced plans to fully acquire the Hecla-Kilmer Rare-Earth Elements project in Ontario from VR Resources Ltd., a move that will expand their position in the critical metals sector. The acquisition, structured through share issuance and a cash payment, underscores Neotech’s commitment to aggressive exploration and strategic consolidation in the REE industry. The project benefits from proximity to infrastructure, which promises cost-effective exploration and potential for new discoveries.

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