Northwire Canada EditionWednesday, October 21, 2026
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Mont Royal Accepted into US Defense Industrial Base Consortium (DIBC)

MRZL · Price

Mont Royal Resources Limited has been accepted as a member of the U.S. Defense Industrial Base Consortium (DIBC), a U.S. Department of Defense-supported network designed to strengthen industrial capabilities in critical minerals. This membership positions the Company's 100%-owned Ashram Rare Earth and Fluorspar Project in Québec as part of the North American and allied critical minerals supply chain, supporting defense, advanced manufacturing, and energy security.

The acceptance creates opportunities for Mont Royal to participate in future U.S. Department of Defense prototype, research, and industrial capability initiatives under the Other Transaction Authority (OTA) framework. This framework allows the U.S. government to award research and prototype projects faster and with fewer barriers than traditional procurement. The DIBC regularly funds projects involving rare earth elements, gallium, germanium, graphite, antimony, tungsten, and other strategic minerals needed for defense supply chains.

The Company explicitly stated that DIBC membership does not itself provide immediate funding but expands access to collaboration opportunities, non-dilutive government funding, prototype contracts, and long-term strategic partnerships.

The Ashram Project is identified as one of the largest undeveloped rare earth and fluorspar deposits in North America, specifically a monazite-dominant carbonatite-hosted deposit. It is 100%-owned and located in Nunavik, Québec, Canada. Additionally, the Company holds a 75% interest in the Northern Lights Project, a 536km² tenement package in the Upper Eastmain Greenstone belt, which is prospective for lithium, precious metals (Gold, Silver), and base metals (Copper, Nickel).

Managing Director Nicholas Holthouse highlighted that secure supplies of rare earth elements are fundamental to national security and that the Ashram Project's strategic significance is expected to grow as governments prioritize secure and diversified supply chains.

"Acceptance into the Defense Industrial Base Consortium is an important strategic step for Mont Royal because it provides Mont Royal with a direct avenue to engage with organisations focused on strengthening North America's emerging critical minerals supply chain," said Holthouse.

"While DIBC membership does not itself provide funding, it significantly expands our access to collaboration opportunities and reinforces our objective of positioning Ashram as a future supplier of critical minerals for North American and Allied markets," he added.

Read the original news release →

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