Neotech Metals Corp. announced a non-brokered private placement financing to issue 2,142,857 flow through units at an issue price of CAD 0.70 per FT Unit, for gross proceeds of up to CAD 1,499,999.9 on March 21, 2024. The transaction is expected to close in one or more tranches.

Each FT Unit will be comprised of one flow-through common share and one-half of one flow through common share purchase warrant with each Warrant entitling the holder to purchase one common share at a price of CAD 0.80 for a period of three years. The FT Units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue. Finder's fees may be payable to arm's length parties who introduce subscribers to the Company, in accordance with the policies of the Canadian Securities Exchange.

The Warrants will be subject to an acceleration provision whereby, if for any 15 consecutive trading days the closing price of the Company's common shares exceeds CAD 1.00 per Share on the Exchange, the Company may announce by way of news release that the expiry date of the warrants will be accelerated to 30 days thereafter.