Neotech Metals Corp. Announces Escrow Release and Warrant Proceeds
Neotech Metals Corp. (CSE: NTMC, OTCQB: NTMFF, FSE: V690) disclosed on February 10, 2026 that it has amended the escrow terms set forth in its Letter of Intent (LOI) dated 12 February 2024 with VR Resources Ltd. (VR) regarding the Hecla‑Kilmer (H/K) property. The amendment eliminates the previously agreed 30‑month escrow period, allowing all shares issued to VR under the LOI to be released immediately and become freely tradable on the Canadian National Stock Exchange.
In addition, the company confirmed receipt of CAD 133 500 generated from the exercise of warrants. The proceeds will support ongoing exploration activities and the preparation of the maiden resource estimate (MRE) for the H/K site, scheduled for release in 2026.
Background: Hecla‑Kilmer Exploration
Neotech Metals has been drilling the H/K property throughout 2025, completing roughly 8,000 m of new drilling. The company also re‑logged and re‑assayed about 1,900 m of core previously extracted by VR between 2020 and 2023, encompassing the full suite of rare‑earth elements. All assay data are pending release; once finalized, they will be incorporated into the forthcoming MRE.
The H/K site lies approximately 20 km from the Otter Rapids 180 MW hydroelectric station and lies adjacent to an active Ontario Northway railway corridor, positioning it strategically for future development.
Implications for Shareholders
The release of VR‑issued shares removes a significant restriction that had tied a portion of the company’s equity to an escrow arrangement, potentially improving liquidity for investors. The immediate availability of these shares may also influence short‑term trading dynamics, though the company’s market cap remains modest at CAD 20.66 million.
The influx of CAD 133 500 from warrant exercise provides additional working capital, which can accelerate exploration milestones and support operational expenses while the company prepares its MRE.
Strategic Outlook
Neotech Metals maintains a diversified portfolio that includes the Hecla‑Kilmer, TREO, and Foothills projects, all of which are 100 % wholly owned. The company’s focus on rare‑earth element and rare‑metal projects aligns with global demand trends for high‑performance materials.
CEO and Director Reagan Glazier emphasized the company’s commitment to responsible stewardship and sustainable practices, noting that the company’s exploration activities comply with National Instrument 43‑101 regulations.
With the escrow release and new funding in place, Neotech Metals is positioned to advance the H/K project toward a full resource estimate and, ultimately, to consider development options that could unlock value for shareholders.
