Nordique Critical Metals (JORFF) received TSXV final approval to acquire an option to earn up to 80% of Québec’s Kwyjibo rare earth project. Under its agreement with SOQUEM, a conditional 60% interest requires C$23.15m over five years: C$5.65m cash, C$5.50m in shares and C$12.00m in project investment. A further 20% requires C$22.00m over the following three years: C$4.50m cash, C$4.50m in shares and C$13.00m in project investment.
Earning the interests requires development milestones; missed payment or share-issuance deadlines cause loss of the relevant option. Kwyjibo carries a 1.5% net smelter return royalty. Nordique also filed an amended preliminary economic assessment, an early-stage project study, addressing TSXV comments on terminology, data verification and mine-planning assumptions. The August 2026 assessment describes a 10-year mine life and a plant designed for annual production of 10,000t of total rare earth oxides.
Consolidated Lithium Metals (CLM) has commenced the Phase I 2024 drilling program on its East Vallée Lithium Project in Quebec. This project is adjacent to the CLM's Vallée JV Project and Sayona's North American Lithium (NAL) Mine. The program will involve 12 drill holes totaling 2,400 meters, targeting lithium-bearing pegmatites which were traced from the NAL Mine. The company believes these pegmatites extend into East Vallée, which includes 5 km of untested lithium-prospective land. All necessary permits have been received, and Forage Lamontagne Fortier will provide drilling services. CLM's CEO Richard Quesnel expressed enthusiasm for the potential discoveries from this summer's drilling program.
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