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Mont Royal Resources Ltd. ( (AU:MRZ) ) has provided an update.
Mont Royal Resources has signed a non-binding memorandum of understanding with the Saguenay Port Authority in Québec, positioning the Port of Saguenay as a key logistics and processing hub for its Ashram Rare Earths Project. The agreement contemplates locating a hydrometallurgical facility within the port’s industrial zone, leveraging year-round port, rail and road access, as well as existing power, water, gas and industrial services, to import rare earth concentrates from Ashram for processing and export refined products to global markets. By shifting complex processing off-site to an established industrial region with a skilled workforce and mature mining services ecosystem, Mont Royal aims to reduce technical risk and capital costs, while reinforcing its strategy to maximise value-added processing within Québec and Canada and aligning with national efforts to build a critical minerals corridor in northern Canada.
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 Australia- and Canada-listed resources company focused on developing the Ashram Rare Earths Project in Québec, Canada. Through its wholly owned subsidiary Commerce Resources, the company aims to produce and process rare earth concentrates, targeting the growing global demand for critical minerals essential to clean technologies and the energy transition.
Average Trading Volume: 812,817
Technical Sentiment Signal: Buy
Current Market Cap: A$51.97M
For detailed information about MRZ stock, go to TipRanks’ Stock Analysis page.