Duos Technologies Plunges 17.13% Amid Neotech Metals' Drilling Success

On July 31, 2025, Duos Technologies experienced a significant drop of 17.13% in pre-market trading, reflecting a notable decline in investor sentiment.

Neotech Metals, a company with operations in the same rare earth district as Duos Technologies, has commenced its first exploration drilling program at the TREO Project in British Columbia. This initiative targets high-priority zones identified through previous sampling, which revealed impressive results of up to 28.97% Total Rare Earth Oxides (TREO) and 2.91% Nb₂O₅ in bedrock grab samples. The drilling program is strategically designed to evaluate mineralized corridors within Neotech's tenures and their relationship to the nearby Wicheeda Rare Earth deposit being developed by Defense Metals. This development could potentially impact the market dynamics for rare earth metals, which Duos Technologies is involved in, thereby influencing its stock performance.

Reagan Glazier, CEO & Director of Neotech Metals, expressed excitement about advancing exploration in this highly prospective district. The drill program is seen as a key step toward unlocking the TREO Project's full potential and establishing its geological and strategic connection to one of Canada's most significant rare earth developments. This positive outlook from a competitor could indirectly affect investor confidence in Duos Technologies, as it highlights the competitive landscape and the potential for new discoveries in the rare earth sector.