05:05 AM EDT, 08/20/2026 (MT Newswires) -- NeoTerra (TERA.L) selected Valentine Enterprises as the contractor for a US Trade and Development Agency-backed pre-feasibility study at its Monte Muambe rare earths project in Mozambique. Valentine Enterprises is partnering with SGS North America and New Dominion Consulting for the study, which is scheduled to start in September, according to a Thursday release. The contractor appointment is subject to the USTDA's final approval. The critical minerals exploration and development company also plans to launch a short drilling campaign to collect representative metallurgical samples in due course.

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