Mont Royal enters MOU with Saguenay Port Authority

Executive Summary

• Mont Royal Resources Ltd. has executed a non-binding memorandum of understanding (MOU) with the Saguenay Port Authority (SPA) to explore the potential location of a hydrometallurgical facility for its Ashram Rare Earths Project within the Port Saguenay industrial zone.
• The agreement aims to establish a strategic export gateway for critical minerals produced in Northern Quebec, leveraging the port's infrastructure to facilitate the transportation and handling of rare earth concentrates and intermediate products.
• The MOU is non-exclusive, subject to further technical, commercial, and regulatory evaluations, and remains valid until December 31, 2026, unless terminated earlier or extended by mutual written consent.

Key Details

• Parties: Mont Royal Resources Ltd. (via wholly owned subsidiary Commerce Resources) and Saguenay Port Authority (SPA).
• Agreement Type: Non-binding Memorandum of Understanding (MOU).
• Date Signed: January 27, 2026.
• Project Scope: Proposed hydrometallurgical facility for the processing and valorization of rare earth concentrates (Ashram Project).
• Location: Port Saguenay industrial zone, Saguenay, Quebec, Canada.
• Land Status: SPA owns land in its industrial port zone that could be suitable for the plant, subject to technical, environmental, regulatory, and operational assessments.
• Port Capabilities:
  • Deepwater port with year-round access.
  • Connection to North American rail and highway networks.
  • Site services include power, water, gas, and permitted process water discharge points.
  • Adjacent to mature mining operations providing skilled workforce and technical support.
  • Features railhead, ample equipment storage, laydown areas, and an all-weather road network.
  • Capable of handling dry bulk, liquid bulk, and general cargo.
• Strategic Context: Aligns with Canada's 2025 federal budget recognition of the corridor's importance for critical mineral exports; aims to develop a local integrated value chain in Quebec.
• Term and Termination:
  • Non-exclusive basis.
  • Terminable by either party in writing at any time.
  • Expires on December 31, 2026, if no formal agreement is entered into, unless extended by written consent.

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