Mont Royal's Ashram Project Selected for Canada Investment Summit

Mont Royal Resources Limited, a critical minerals development and exploration company based in Quebec, has been selected for inclusion in the inaugural Canada Investment Summit Prospectus. This selection highlights the company’s Ashram Rare Earths and Fluorspar Project, one of North America’s largest monazite-dominant rare earth deposits, as a key investment opportunity for global investors and strategic partners.

The Canada Investment Summit, held in Toronto this week, is part of a broader Canadian Government initiative aimed at attracting long-term capital into strategically important sectors. The Government of Canada has outlined an ambition to catalyse $1 trillion in total investment in Canada over the next five years. The Summit Prospectus, which showcases selected Canadian investment opportunities, includes projects across critical sectors such as critical minerals, clean and conventional energy, advanced manufacturing, artificial intelligence, and trade and transportation infrastructure.

The Ashram Project, located in Nunavik, Québec, has been included in the Minerals and Metals section of the Prospectus. The project is described as a large-scale rare earths and fluorspar development, with a pre-feasibility study currently underway.

The Ashram Project is one of the largest monazite-dominant carbonatite-hosted rare earth deposits in North America. It has the potential to supply key magnet rare earths, neodymium, and praseodymium (NdPr), along with fluorspar and niobium by-products. According to the Prospectus, the project has completed a preliminary economic assessment, and Mont Royal is positioning to be one of the lowest-cost rare earth element producers globally, with a focus on being a long-term global supplier of mixed rare earth carbonate and/or NdPr oxide.

In addition to the Ashram Project, Mont Royal Resources Limited is also involved in the Northern Lights Minerals 536km² tenement package located in the Upper Eastmain Greenstone belt. The company is dedicated to advancing its 100%-owned Ashram Rare Earth and Fluorspar Deposit in Nunavik, Québec, and is exploring the potential of other high-value commodities on the Ashram Property.

Mont Royal Resources Limited is positioned to play a significant role in the development of Canada’s critical minerals sector. The company’s inclusion in the Canada Investment Summit Prospectus underscores its commitment to advancing the Ashram Project and contributing to the country’s strategic mineral supply chains.