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Mont Royal Resources Ltd. ( (AU:MRZ) ) has issued an announcement.
Mont Royal Resources said its updated Preliminary Economic Assessment for the 100%-owned Ashram Rare Earth and Fluorspar Project is about 80% complete and remains on schedule for completion in April 2026, incorporating new assumptions on site access, logistics, processing throughput and the location of a downstream hydrometallurgical facility. The revised development strategy is expected to lower capital and operating costs, reduce execution risk and enhance project economics, supported by stronger praseodymium-neodymium oxide prices and a substantial mineral resource base, while the company has also formed an Advisory Board and appointed veteran rare earths executive Constantine Karayannopoulos to strengthen development and downstream expertise as Quebec’s critical minerals push gains momentum.
The most recent analyst rating on (AU:MRZ) stock is a Sell with a A$0.14 price target. To see the full list of analyst forecasts on Mont Royal Resources Ltd. stock, see the AU:MRZ Stock Forecast page.
More about Mont Royal Resources Ltd.
Mont Royal Resources Ltd. is an Australia- and Canada-listed resources company focused on the development of the Ashram Rare Earth and Fluorspar Project in Nunavik, Quebec. The project targets critical rare earth oxides, particularly praseodymium-neodymium, and fluorspar, positioning the company within the growing critical minerals and rare earths supply chain that supports advanced manufacturing and clean energy technologies.
Average Trading Volume: 233,211
Technical Sentiment Signal: Sell
Current Market Cap: A$28.87M
See more data about MRZ stock on TipRanks’ Stock Analysis page.