Mont Royal Accepted into US Defense Industrial Base Consortium (DIBC)

Mont Royal Resources Limited has been accepted as a member of the U.S. Defense Industrial Base Consortium (DIBC), a Department of Defense-supported network focused on critical minerals supply chains. Membership grants access to the Other Transaction Authority (OTA) framework, enabling faster participation in U.S. government prototype, research, and industrial capability initiatives. The company explicitly clarifies that DIBC membership does not provide immediate funding but expands access to collaboration opportunities, non-dilutive government funding, and long-term strategic partnerships. The acceptance positions the 100%-owned Ashram Rare Earth and Fluorspar Project within North American and allied defense supply chains, targeting minerals like REEs, gallium, germanium, and fluorspar.

Mont Royal Resources Limited (MRZL) secured acceptance into the Department of Industry’s Critical Minerals Infrastructure Fund (DIBC), a strategic follow-up to previous government engagement that included a February 2026 Natural Resources Canada (NRCan) Critical Minerals Infrastructure Fund (CMIF) funding extension and a January 2026 Memorandum of Understanding (MOU) with the Saguenay Port. While the development is strategically positive for a critical minerals developer, it does not alter the financial outlook, provide immediate capital, or secure offtake agreements.

The market has reacted negatively to recent positive developments, with the stock declining from $0.23 following the June 2026 Preliminary Economic Assessment (PEA) release to $0.11, indicating investors are prioritizing near-term catalysts and capital preservation over strategic alignments. No material financial or operational impact is expected in the immediate term, as the news is incremental and aligns with standard development pathways for Tier-1 critical mineral projects.

Mont Royal Resources Limited (MRZL) is a dual-listed critical minerals developer on the ASX and TSXV, focused on its 100%-owned Ashram Rare Earths & Fluorspar Project in Nunavik, Quebec. The Ashram Project is a monazite-dominant carbonatite-hosted deposit with a 30-year mine life prefeasibility study (PEA).

Economic metrics from the June 2026 PEA include a post-tax NPV8% of CAD$2.03B, an internal rate of return (IRR) of 22.0%, a payback period of 3.9 years, and C1 costs of approximately CAD$17.99/kg. The company’s portfolio also includes the Eldor Niobium Project and the 75%-owned Northern Lights Lithium/Gold Project in Quebec.