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The latest update is out from Mont Royal Resources Ltd. ( (AU:MRZ) ).
Mont Royal Resources has signed a non-binding memorandum of understanding with the Saguenay Port Authority in Québec to establish a logistics and processing hub for its Ashram Rare Earths Project. The agreement envisages locating a hydrometallurgical facility within the Port of Saguenay’s industrial zone, leveraging its year-round port, road and rail connections, utilities and skilled local workforce to process imported rare earth concentrates and export intermediate products. By shifting the more complex processing offsite to an established industrial hub that is central to Canada’s Northern Corridor strategy, Mont Royal aims to reduce technical risk and capital costs while reinforcing Québec’s positioning as a strategic player in the critical minerals supply chain and creating potential economic and employment benefits for the Saguenay–Lac‑Saint‑Jean region.
The most recent analyst rating on (AU:MRZ) stock is a Hold with a A$0.28 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 Australian and Canadian-listed resources company focused on the exploration and development of critical minerals, particularly rare earth elements, through projects such as the Ashram Rare Earths Project in Québec, Canada. The company aims to advance downstream processing and value-adding within Québec and Canada, targeting growing global demand for rare earths used in energy transition and clean technologies.
Average Trading Volume: 811,628
Technical Sentiment Signal: Buy
Current Market Cap: A$51.97M
See more data about MRZ stock on TipRanks’ Stock Analysis page.