Mont Royal Resources' Ashram rare earths project in northern Québec has released a PEA outlining a C$2.03 billion post-tax NPV and a 204 million tonne resource. While the project faces challenges due to its remote location, management expects a First Nations-led MOU to unlock infrastructure support and a PFS to begin next year.
Mont Royal Resources has signed a Joint Study Agreement with Alta Resource Technologies to evaluate using protein-based technology to separate high-purity rare earth oxides from the Ashram Project's mixed rare earth carbonate. The study aims to assess the technical pathway and potential for a future commercial refining facility in North America.
Mont Royal Resources has signed a joint study agreement with Alta Resource Technologies to explore separating Ashram's mixed rare earth carbonate into high-purity oxides. The study aims to leverage Alta's protein-based separation technology to potentially establish a North American downstream supply chain.
Mont Royal Resources' Ashram project in Québec is positioned to benefit from Canada's critical minerals policy, featuring a 204Mt JORC resource at 1.9% TREO. The project's PEA indicates strong economics with a C$2.03bn NPV and potential for C$342m in tax credits, though infrastructure and REE pricing remain key risks.
New Frontier Minerals is commencing metallurgical characterization and studies at the Pomme REE Project in Quebec. The program includes conventional testwork and proprietary Flash Joule Heating (FJH) testing on existing drill samples.
NeoTerrex has commenced a 2,000-metre maiden drilling program at the Monument project in Quebec. Additionally, the company reported 44 new occurrences at the Galactic project, including high-grade surface assays of 17.15% Zirconium and 2.44% Neodymium.
