09:14 AM EDT, 04/10/2024 (MT Newswires) -- Neotech Metals Corp. ( NTMFF ) , which fell 15.5% in Canada yesterday, said Wednesday that it has completed its non-brokered flow-through financing. Under the offering, the company issued about 1.14 million flow-through units at $0.70 per FT unit for gross proceeds of $800,000.

Each FT unit is comprised of one common share that qualifies as a "flow-through share" and one-half of one flow-through share purchase warrant that allows the holder to buy one common share at $0.80 for three years.

The company plans to use the net proceeds from the sale of the FT units for qualified expenditures for the company's Canadian mineral properties.