Neotech signs agreement for Torrance Project acquisition
2026-04-30
Neotech Metals has significantly expanded its footprint in Ontario's critical minerals landscape by acquiring the Torrance Project from Kenorland Minerals. This strategic move, announced on April 29, 2026, secures a 100% interest in 580 mining claims covering 12,270 hectares, positioning Neotech to explore for niobium, tantalum, and rare earth elements within the geologically promising Kapuskasing Structural Zone, proximate to its existing Hecla-Kilmer Project. The C$5 million deal, involving 1,000,000 Neotech shares and a drilling commitment, underscores the growing industry focus on securing domestic supply chains for vital technology metals.
