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The latest announcement is out from Caravan Energy Corp. ( (TSE:NTMC) ).
Neotech Metals Corp. has amended its agreement with VR Resources to immediately release all previously escrowed shares issued in connection with the Hecla-Kilmer property, eliminating a planned 30-month escrow period and making those shares free-trading. The company also received C$133,500 from the exercise of warrants, providing additional funds as it continues to advance its exploration programs.
The company reported completing about 8,000 meters of drilling at Hecla-Kilmer in 2025 and re-logging and re-assaying roughly 1,900 meters of historical core, with all results to be incorporated into a maiden resource estimate expected in 2026. Assays from the current drilling are pending, and their release will be a key milestone in defining the rare earth resource potential of the project and shaping Neotech’s position in the critical minerals sector.
More about Caravan Energy Corp.
Neotech Metals Corp. is a mineral exploration company focused on discovering and developing rare earth element and rare metals projects in prospective jurisdictions globally. The company holds a diversified, 100%-owned portfolio that includes the Hecla-Kilmer project in Ontario, located near major hydroelectric power and rail infrastructure, as well as the TREO and Foothills projects in British Columbia. Neotech emphasizes environmental stewardship and sustainable exploration practices as it advances these assets.
Average Trading Volume: 82,192
Technical Sentiment Signal: Buy
Current Market Cap: C$20.11M
See more data about NTMC stock on TipRanks’ Stock Analysis page.