NeoTerrex Minerals Inc. (TSXV: NTX) has released a comprehensive exploration update covering active field programs across six projects in Québec, including a maiden program at its Strange Lake West rare earth elements project and ongoing technical work at the Reservoir gold-copper-tungsten project. The company describes its 2026 program as fully funded, spanning critical minerals including rare earth elements, tungsten, copper, and gold. Investors may be watching the breadth of simultaneous activity across NeoTerrex's Québec portfolio as an indicator of the company's near-term discovery potential.

Key Points

  • NeoTerrex Minerals Inc. (TSXV: NTX) is a Québec-focused critical mineral and precious metal exploration company.
  • The company has commenced a maiden helicopter-assisted program at Strange Lake West, adjacent to Torngat Metals Ltd.'s heavy REE deposit in Nunavik, Québec.
  • Historical samples at Strange Lake West returned total rare earth oxide values of 0.10% to 1.40%; the Reservoir project's C52 Zone returned historical intersections including 8 metres at 1.12 g/t Au and 0.93% Cu.
  • Investors may watch for permit approvals at Reservoir, assay results from Monument till sampling, and community engagement outcomes at Galactic and Revolver.

Strange Lake West Maiden Program Targets Heavy Rare Earth Pegmatites in Nunavik

NeoTerrex has commenced field work at Strange Lake West, a rare earth elements project strategically positioned adjacent to Torngat Metals Ltd.'s established heavy REE deposit. The helicopter-assisted program focuses on geological mapping, prospecting, and evaluating rare earth-bearing pegmatites and syenitic intrusions. Historical outcrop and boulder samples from the area, sourced from Québec's SIGÉOM database, returned total rare earth oxide values ranging from 0.10% to 1.40%, with values associated with dysprosium, a high-value heavy rare earth element. The company's qualified person has not independently verified these historical results.

Reservoir Project Permitting Underway as High-Grade Historical Results Draw Attention

NeoTerrex has completed its technical review of the Reservoir project, with drafting of a definitive agreement underway and exploration permit applications initiated. The project hosts several mineralised zones, including the C52 Zone, traced for approximately 1.6 kilometres, which returned historical intersections of 8 metres grading 1.12 g/t Au and 0.93% Cu with tungsten values up to 0.1%. Other zones recorded high-grade results including 13.17 g/t Au and 8.15% Cu at Mitlin, and 13.05 g/t Au and 1.94% Cu at Barrage. The company cautions that historical data has not been independently verified by its qualified person.

Monument Expansion and Incognito Grassroots Program Broaden Portfolio Scope

The Monument project has been extended southward to cover an untested electromagnetic anomaly within the Rivière Bell Formation, considered prospective for precious and base metal VMS-style mineralisation. A till sampling program across the target area was completed during the summer, with analytical results pending. Separately, the newly staked Incognito project, located approximately 30 kilometres north of Waswanipi, features coincident magnetic and electromagnetic anomalies alongside regional till samples showing anomalous copper values approaching 700 ppm Cu, with geological mapping and prospecting currently underway.

Gravitas Drill Program Deferred While Sentinel and REE Projects Add Optionality

At the Gravitas project, a previously planned drill program has been deferred while the company develops additional regional targets. Surface prospecting returned 51 grab samples, including a newly identified gold occurrence of 4.43 g/t Au from a quartz vein. The company notes grab samples are selective and may not represent overall mineralisation. The Sentinel project, acquired by map staking near Chapais, hosts historical tungsten grab samples grading 0.3% to 0.5% W and a potential gold showing of 5.87 g/t Au, with an initial field program focused on relocating and evaluating these occurrences.