Ashram Rare Earths & Fluorspar Project Selected for Inaugural Canada Investment Summit

Mont Royal Resources Limited announced that its flagship Ashram Rare Earths & Fluorspar Project has been selected for the inaugural Canada Investment Summit Prospectus. The inclusion underscores the project's strategic alignment with Canada's goal to attract long-term capital into critical minerals, specifically targeting magnet rare earths (NdPr), fluorspar, and niobium.

The release confirms the Preliminary Economic Assessment (PEA) is complete and the Pre-Feasibility Study (PFS) is underway. Management is actively seeking equity, joint ventures, strategic investments, project finance, and off-take partnerships. Managing Director Nicholas Holthouse emphasized the timing for broadening engagement with partners to support secure Western supply chains.

The announcement follows directly from the completed Preliminary Economic Assessment (PEA) in June 2026 and recent government funding milestones, including a Natural Resources Canada (NRCan) grant and Quebec tax credits. The market was already aware of the Pre-Feasibility Study (PFS) timeline and the company's search for partners.

No new financial metrics, off-take agreements, or strategic equity investments were disclosed. The company’s inclusion in the summit prospectus is a standard government-led marketing initiative to catalyze capital, which aligns with prior-period context but does not alter the near-term cash burn or execution timeline. While the news reduces perceived political risk, it does not mitigate the immediate need for future capital or the execution risks inherent in moving from the PEA to the PFS.

Mont Royal Resources Limited is a dual-listed critical minerals developer focused on the 100%-owned Ashram Rare Earths & Fluorspar Project in Nunavik, Quebec. The flagship Ashram deposit is a monazite-dominant carbonatite-hosted asset. According to the June 2026 Preliminary Economic Assessment, the project indicates a 30-year mine life, with average annual production of 17,466 tonnes of saleable rare earth oxide, including approximately 4,035 tonnes per annum of neodymium-praseodymium. The assessment projects a post-tax net present value at an 8% discount rate of CAD $2.03 billion and an internal rate of return of 22%.

Fluorspar and niobium serve as significant co-products at Ashram. Historical metallurgical testing has demonstrated the ability to produce greater than 97% acid-spar concentrate. The company’s portfolio also includes the Eldor Niobium Project at the Mallard prospect and a 75% interest in Northern Lights Minerals’ 536km² tenement package targeting lithium, gold, and base metals. Management is led by Managing Director Nicholas Holthouse, with Non-Executive Chairman Cameron Henry and Advisory Board member Constantine Karayannopoulos, the former chief executive of Neo Performance Materials.