Mont Royal Resources (MTRRF) held its first public information meeting in Kuujjuaq in September 2026 to discuss the Ashram Rare Earths and Fluorspar Project and engage directly with local stakeholders.
About 60 people attended in person and nearly 100 joined online, as management outlined Ashram’s development stage, current activities and next steps, and answered community questions. The 100%-owned Nunavik project hosts 73.2 million tonnes of Indicated resources at 1.89% TREO and 131.1 million tonnes of Inferred resources at 1.91% TREO. A 2026 Preliminary Economic Assessment outlines an initial 30‑year mine life with average annual production of approximately 17,466 tonnes of saleable rare earth oxides, including about 4,035 tonnes of NdPr. Mont Royal is advancing a Pre‑Feasibility Study alongside environmental, socio‑economic and engagement work, and plans quarterly presence in Kuujjuaq plus public meetings every six months.
Mont Royal Resources (MTRRF) reports that its flagship Ashram Rare Earths and Fluorspar Project in Nunavik, Québec has been selected for inclusion in the inaugural Canada Investment Summit Prospectus in Toronto.
The Summit forms part of a Canadian government initiative aiming to catalyse up to $1 trillion in total investment in Canada over the next five years, targeting sectors such as critical minerals, energy, advanced manufacturing, AI and infrastructure. Ashram appears in the Prospectus’ Minerals and Metals section, described as a large-scale rare earths and fluorspar development and one of North America’s largest monazite-dominant rare earth deposits.
The Prospectus notes Ashram’s potential to supply magnet rare earths neodymium and praseodymium (NdPr), plus fluorspar and niobium by-products. It records that a Preliminary Economic Assessment is completed, a Pre-Feasibility Study is underway, and highlights opportunities for equity, joint venture and strategic investment, project finance and off-take partnerships.
Mont Royal Resources (OTC: MTRRF) signed a Joint Study Agreement with Alta Resource Technologies to evaluate using Alta’s engineered protein-based separation technology on mixed rare earth carbonate from the Ashram Rare Earth and Fluorspar Project in Quebec. The study will assess pathways to produce separated, high-purity rare earth oxides (REO) and examine the potential for a future commercial refining facility and longer-term partnership supporting a North American rare earth supply chain.
The 2026 Ashram PEA outlines a 30-year mine life, average annual production of 17,466 t of saleable REO, post-tax NPV of C$2.03 billion, 22% IRR, and a 3.9-year payback, based on expected production of about 4,035 tpa NdPr oxide. The PEA is preliminary, with ±50% accuracy and not yet sufficient to declare Ore Reserves or guarantee economic viability.
Mont Royal (ASX: MRZ, TSXV: MRZL) received its 2023/24 Quebec tax credit of C$2.22 million from Revenue Quebec, tied to eligible critical minerals exploration and development in Quebec via subsidiary Commerce Resources. The company is finalising its 2024/25 income tax return, including a further tax credit application.
According to Mont Royal, the non-dilutive funding will support advancement of the Ashram Rare Earth and Fluorspar Project toward a Pre-Feasibility Study and ongoing technical, permitting and stakeholder work in Nunavik, while it also pursues additional government programs, strategic partnerships and project financing initiatives.
Mont Royal Resources (OTC: MTRRF) announced its acceptance into the U.S. Department of Defense‑supported Defense Industrial Base Consortium (DIBC), a collaborative network aimed at strengthening domestic and allied industrial capability and supply chains across strategically important sectors.
Membership gives Mont Royal access to U.S. defence agencies, prime contractors, research institutions and technology developers and positions its 100%-owned Ashram Rare Earth and Fluorspar Project in Québec within the emerging North American critical minerals supply chain supporting defence, advanced manufacturing and energy security. While DIBC membership does not itself provide funding, the company said it creates opportunities to participate in future U.S. Department of Defense prototype, research and industrial capability initiatives under the Other Transaction Authority (OTA)/b) framework, potentially enabling access to non‑dilutive funding and strategic partnerships.