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An announcement from Mont Royal Resources Ltd. ( (AU:MRZ) ) is now available.
Mont Royal Resources Ltd has appointed Altris Engineering to lead an updated Preliminary Economic Assessment (PEA) for its Ashram Rare Earth and Fluorspar Project in Quebec, Canada. Altris will conduct a Gap Analysis to refine the project, aiming to reduce technical risks and capital costs. The updated PEA is expected to be completed by the end of Q1 2026. This strategic move is intended to enhance the project’s economic viability and support Mont Royal’s development path, reflecting the company’s commitment to advancing a significant source of critical rare earth supply amid growing Western demand.
More about Mont Royal Resources Ltd.
Mont Royal Resources Ltd is a company involved in the mineral processing sector, focusing on rare earth elements and fluorspar. Their flagship asset is the Ashram Rare Earths & Fluorspar Project in Quebec, Canada, which is one of the largest undeveloped monazite-hosted rare earth deposits in North America. The company also holds the Eldor Niobium Project and the Northern Lights Lithium Project, both located in Quebec.
Average Trading Volume: 2,629,551
Technical Sentiment Signal: Buy
Current Market Cap: A$66.41M
See more data about MRZ stock on TipRanks’ Stock Analysis page.