Neotech Metals Corp. (CNSX:NTMC) agreed to acquire Hecla-Kilmer REE mineral property of VR Resources Ltd for CAD 3.6 million on March 8, 2024. A cash consideration from Neotech of CAD 1,000,000, of which CAD 600,000 is paid on March 28th, and the CAD 400,000 balance paid no later than April 26th. Issuance of 4,000,000 common shares in the capital of NeoTech, to be released per the terms of a 30 month escrow agreement, which includes release of 500,000 shares on Closing. Transaction was subject to approval of TSX Venture Exchange and shareholder of VR Resources Ltd. and approval for the same has been received. On April 23, 2024, Neotech Metals Corp executed an amending agreement that the closing date of the transaction has been extended to June 30, 2024 in order to facilitate a vote for VR Resources' shareholders at a Special Meeting, to be held on May 31, 2024, as required by the policies of the TSX Venture Exchange.

Neotech Metals Corp. (CNSX:NTMC) completed the acquisition of Hecla-Kilmer REE mineral property of VR Resources Ltd on July 23, 2024.