Neotech Metals Corp. announced a non-brokered private placement of minimum of 6,000,000 units at a price of CAD 0.25 per unit for minimum gross proceeds of CAD 1,500,000 and maximum of 10,000,000 units at a price of CAD 0.25 per unit for maximum gross proceeds of CAD 2,500,000 on June 24, 2024. Each unit will be comprised of one common share in the authorized share structure of the company and one common share purchase warrant.

Each warrant entitles the holder to purchase one additional common share of the company at a price of CAD 0.35 per warrant share for a period of 36 months from the date of issuance. The company may compensate certain finders with a cash commission of up to 7% of the aggregate gross proceeds raised from the Offering and issue finder's warrants equivalent to 7% of the total units subscribed under the Offering.