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M&A / Property

Quebec Rare Earth Elements Acquires Moose REE Project in Quebec, Canada

By The Northwire Desk — AI Analysis Jan 12, 2026 · 17:31 QREE · 0.12 Quebec Rare Earth Elements Corp.
QREE · Price

Executive Summary

  • Quebec Rare Earth Elements Corp. (QREE) entered into an arm’s‑length option agreement to acquire 100 % of the Moose REE Project in Quebec.
  • The property hosts a 7 km diameter magnetic anomaly; a vendor sample returned 6.17 % total rare earth oxides (TREO), with 20.8 % NdPr oxides, indicating strong prospective value.
  • Option terms require issuance of up to 625,000 common shares and cash payments totaling $155,000 over three years, plus an additional $200,000 contingent on achieving a NI 43‑101 resource or study.

Key Details

  • Option Structure:
  • Issue 250,000 QREE common shares to Les Ressources Tectonic Inc. (the “Optionor”) within five business days of signing.
  • Cash + share payments: $30,000 cash + 125,000 shares by the first anniversary; $50,000 cash + 200,000 shares by the second anniversary; $75,000 cash + 250,000 shares by the third anniversary.

  • Additional $200,000 cash payment due within 120 days of public disclosure of any NI 43‑101 resource calculation or feasibility study.

  • Project Description:

  • Moose REE Project covers 5,324 ha (53.2 sq km) located ~240 km east of Val d’Or and 45 km north of Parent, Quebec.

  • Circular magnetic anomaly: 7 km diameter with a central core of 2 km diameter; minimal outcrop but favorable geology (nepheline syenites associated with carbonatites).

  • Assay Results:

  • One vendor‑collected sample (2025) assayed at 6.17 % TREO, of which 20.8 % is NdPr oxides.

  • Samples processed by ALS Canada Ltd.; assays performed using ICP‑AES and ICP‑MS (lithium borate fusion).

  • Planned Work:

  • Property is drill‑ready; an airborne spectrometry survey will be conducted to delineate phases within the anomaly and target a 2026 drill program.

  • If drilling succeeds, a maiden NI 43‑101 resource could be defined as early as 2028.

  • Regulatory Conditions:

  • Option and share issuances are subject to CSE approval and standard securities hold periods (four months + one day).

  • Qualified Person:

  • Richard Roy, P.Geo., Director & Technical Advisor of QREE, reviewed and approved the technical disclosure per NI 43‑101.

Notable Quotes

“The Moose REE Project represents a compelling opportunity to expand our rare earth portfolio in a world‑class jurisdiction,” said Benoit Desormeaux, President & CEO of QREE.

All non‑material boilerplate and forward‑looking disclaimer text has been omitted for clarity.

Read the original news release →