E-Tech Resources Inc. announced that it has signed a Memorandum of Understanding with Novamera Inc. to evaluate the use of surgical mining and Novamera's technologies as the extraction method for the Project. The MOU sets out a series of milestones that include a conceptual surgical mining economic desktop evaluation (commencing immediately), Guidance Tool calibration activities and a bulk sample. The parties are planning to initiate these activities over the next twelve months.

The innovative solution could provide a more cost-effective and faster path to production, while also radically reducing environmental and social impact. It aligns well with E-Tech's values of being a sustainable and responsible company with the goal of supporting the green energy transition. The Project focuses on two Rare Earth Elements ("REEs"), Neodymium ("Nd") and Praseodymium ("Pr").

Nd plays a vital role in supporting renewable power generation and the decarbonisation of transportation and is used to facilitate large wind turbine generators and electric vehicle motors. Located in Namibia, the Project's mineralogy, processability, and favorable logistics have the potential to make it one of the simplest and most accessible sources of REE supply to the global market.