Mont Royal Holds First Public Information Meeting in Kuujjuaq for the Ashram Project Nearly 160 participants joined in person and online, reinforcing Mont Royal's commitment to ongoing dialogue and regular community engagement in Kuujjuaq as the
Mont Royal Holds First Public Information
Meeting in Kuujjuaq for the Ashram Project
Nearly 160 participants joined in person and online,
reinforcing Mont Royal's commitment to ongoing dialogue
and regular community engagement in Kuujjuaq as the
Ashram Project advances
Montreal, Quebec--(Newsfile Corp. - September 22, 2026) -
Mont Royal Resources Ltd (ASX: MRZ)
(TSXV: MRZL) ("Mont Royal" or "the Company")
is pleased to advise that it hosted its first public
information meeting in Kuujjuaq last week, marking an important step in the Company's ongoing
commitment to information sharing and dialogue surrounding its flagship Ashram Rare Earths and
Fluorspar Project ("Ashram" or the "Project") in Québec.The meeting provided an opportunity for Mont
Royal to update participants on Ashram's current stage of development, ongoing activities and next
steps, as well as to hear directly from community members and respond directly to questions as the
Project continues to advance.
Mont Royal's Managing Director, Nicholas Holthouse, and Vice President, Government Affairs and
Sustainability, Cindy Valence, attended the meeting, presenting an overview of the Project and
participating in discussions with attendees. Approximately 60 people attended the meeting in person,
with close to 100 additional participants joining the presentation online.
The public information meeting comes during a period of increasing visibility for the Ashram Project,
including Mont Royal's recent participation in the inaugural Canada Investment Summit in Toronto. As
interest in the Project continues to grow among governments, investors and potential strategic partners,
Mont Royal remains committed to maintaining regular and meaningful engagement with the communities
closest to the Project.
Mont Royal views these activities as an important part of advancing Ashram as a strategically important
Canadian critical minerals project - building awareness and understanding of the Project while ensuring
that local perspectives, priorities and knowledge can inform its development.
Mont Royal Managing Director, Nicholas Holthouse said:
"
As Ashram continues to gain visibility and momentum, including through our recent participation in
the Canada Investment Summit, our engagement with communities remains a fundamental part of
how we advance the Project. The development of Ashram is not only about its technical and economic
potential; it is also about listening, building relationships and ensuring that local perspectives are part
of the conversation as the Project moves forward. We sincerely thank everyone who participated, both
in person and online, as well as those who helped make our first public information meeting in
Kuujjuaq possible. We look forward to continuing the dialogue and providing regular updates as
Ashram advances.
"
Public Information Session held in Kuujjuaq, September 2026
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Mont Royal would also like to thank the organizations, community representatives and partners who
contributed to making this meeting possible. Their collaboration helped create an accessible and
constructive forum for dialogue around the Ashram Project.
The questions, comments and perspectives shared during the meeting are important to Mont Royal.
They contribute to a better understanding of the community's interests and concerns and help inform the
Company's work as the Pre-Feasibility Study progresses, alongside the technical, environmental and
socio-economic work associated with the development of the Project.
This first public information meeting marks an important step in Mont Royal's ongoing information-
sharing and engagement efforts, which will continue as the Project advances. As part of this
commitment, Mont Royal plans to maintain a presence in Kuujjuaq on a quarterly basis to foster regular
communication with the community and local organizations.
Public information meetings will also be held every six months to share the latest updates on the Ashram
Project, respond to questions from the community and continue discussions as the Project moves
through its various stages of development.
Through these initiatives, Mont Royal intends to maintain open, regular and accessible dialogue with
communities, Indigenous organizations and other stakeholders.
The Ashram Rare Earths and Fluorspar Project, 100%-owned by Mont Royal Resources and located in
Nunavik, northern Québec, hosts a significant rare earth mineral resource comprising 73.2 million tonnes
of Indicated Resources at 1.89% total rare earth oxides (TREO) and 131.1 million tonnes of Inferred
Resources at 1.91% TREO.
The updated 2026 Preliminary Economic Assessment contemplates an initial 30-year mine life and
average annual production of approximately 17,466 tonnes of saleable rare earth oxides, including
approximately 4,035 tonnes of neodymium-praseodymium (NdPr). Mont Royal is currently advancing the
Ashram Project through a Pre-Feasibility Study, alongside environmental studies, engagement activities,
and infrastructure and project development work.
Mont Royal thanks everyone who participated, both in person and online, and looks forward to continuing
the dialogue throughout the next stages of the Ashram Project.
About Mont Royal
Mont Royal Resources Limited (ASX: MRZ) (TSXV: MRZL) is a critical minerals development and
exploration company with projects in Quebec, Canada. The Company is dedicated to advancing its
100%-owned Ashram Rare Earth and Fluorspar Deposit in Nunavik, Québec, Canada - one of the
largest monazite-dominant carbonatite-hosted Rare Earth Elements deposits in North America. In
addition, the Company owns 75% of Northern Lights Minerals 536km
2
tenement package located in the
Upper Eastmain Greenstone belt. The projects are located in the emerging James Bay area, a Tier-1
mining jurisdiction of Quebec, and are prospective for lithium, precious (Gold, Silver) and base metals
mineralisation (Copper, Nickel).
Figure 1:
Location of the Ashram REE & Fluorspar Project, the Northern Lights Project and the Port of
Saguenay
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For and on behalf of the Board
ENDS
Joel Ives | Company Secretary
To receive regular announcements and updates and to engage with management join
Mont Royal's
Investor Hub
or for more information visit
investors.montroyalres.com
.
Managing Director
Nicholas Holthouse
Investor and Media Relations
Nicholas Read
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Cautionary Statement - Preliminary Economic Assessment
The updated Preliminary Economic Assessment ("
PEA
") referred to in this report is a preliminary
technical and economic study of the potential viability of the Ashram Rare Earth & Fluorspar Project
("
Ashram
" or the "
Project
"). The PEA is based on low-level technical and economic assessments and
has been completed to a level of accuracy of
± 50%
. It is not sufficient to support the estimation of Ore
Reserves or to provide assurance of an economic development case at this stage, nor to provide
certainty that the conclusions of the PEA will be realised. Further exploration, technical, and economic
studies are required before Mont Royal will be in a position to estimate any Ore Reserves or to provide
assurance of an economic development case.
Competent and Qualified Persons
The production target referred to in this report was first reported by the Company on 9 June 2026. The
Company confirms that all material assumptions underpinning the production target and forecast
financial information derived from the production target in the original announcement continue to apply
and have not materially changed.
The Exploration Results and Mineral Resource Estimate for the Ashram Project were first reported in the
Company's prospectus dated 30 September 2025 and released to ASX on 1 October 2025
(Prospectus). The Company confirms that it is not aware of any new information or data that materially
affects the information relating to the exploration results included in the Prospectus.
Important Notices & Disclaimers
Forward-Looking Statements
This announcement contains certain "forward-looking statements" within the meaning of Australian
securities laws and "forward-looking information" within the meaning of Canadian securities laws
(collectively referred to as "forward-looking statements"). All statements, other than statements of
historical fact, that address circumstances, events, activities or developments that could, or may or will
occur are forward-looking statements. These forward-looking statements are subject to a variety of risks
and uncertainties and other factors that could cause actual events or results to differ materially from
those projected in the forward-looking information. Risks that could change or prevent these events,
activities or developments from coming to fruition include: actual results of current and future exploration
activities; that Mont Royal may not be able to fully finance any additional exploration on the Ashram
Project; that even if Mont Royal is able raise capital, costs for exploration activities may increase such
that Mont Royal may not have sufficient funds to pay for such exploration or processing activities; the
timing and content of the proposed drill program and any future work programs may not be completed as
proposed or at all; geological interpretations based on drilling that may change with more detailed
information; potential process methods and mineral recoveries assumptions based on limited test work
and by comparison to what are considered analogous deposits that, with further test work, may not be
comparable; testing of our process may not prove successful or samples derived from the Ashram
Project may not yield positive results, and even if such tests are successful or initial sample results are
positive, the economic and other outcomes may not be as expected; the anticipated market demand for
rare earth elements and other minerals may not be as expected; the availability of labour and equipment
to undertake future exploration work and testing activities; geopolitical risks which may result in market
and economic instability; and despite the current expected viability of the Ashram Project, conditions
changing such that even if metals or minerals are discovered on the Ashram Project, the project may not
be commercially viable, or other risks detailed herein and from time to time in the public filings made by
Mont Royal. Although Mont Royal has attempted to identify important factors that could cause actual
actions, events or results to differ from those described in forward-looking statements, there may be
other factors that cause such actions, events or results to differ materially from those anticipated. These
forward-looking statements are based on Mont Royal's current expectations, estimates, forecasts and
projections about its business and the industry in which it operates and management's beliefs and
assumptions, including the non-occurrence of the risks and uncertainties that are described above and in
the public filings made by Mont Royal or other events occurring outside of our normal course of business,
and are not guarantees of future performance or development and involve known and unknown risks,
uncertainties and other factors that are in some cases beyond Mont Royal's control.
Forward-looking statements in this announcement include, but are not limited to, statements regarding;
the goals, strategies, opportunities, technologies used, project timelines and funding requirements;
impact of combined management expertise and prospective shareholding; the plans, operations and
prospects of Mont Royal and its properties; the continued advancement of the Ashram Project to
development; that Ashram's fluorspar component which makes it one of the largest potential sources of
fluorspar in the world and could be a long-term supplier to the met-spar and acid-spar markets; that 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; and that Mont Royal
may explore the potential of other high-value commodities on the Ashram Property and the expected
timetable for dual listing of Mont Royal's shares; and statements about market and industry trends, which
are based on interpretation of market conditions. Forward-looking statements can generally be identified
by the use of forward looking words such as "anticipate", "expect", "likely", "propose", "will", "intend",
"should", "could", "may", "believe", "forecast", "estimate", "target", "outlook", "guidance" (including
negative or grammatical variations) and other similar expressions. No representation, warranty,
guarantee or assurance, express or implied, is given or made in relation to any forward-looking
statement. In particular no representation, warranty or assumption, express or implied, is given in relation
to any underlying assumption or that any forward-looking statement will be achieved. There can be no
assurance that the forward-looking statements will prove to be accurate. Actual and future events may
vary materially from the forward-looking statements and the assumptions on which the forward-looking
statements were based, because events and actual circumstances frequently do not occur as forecast
and future results are subject to known and unknown risks such as changes in market conditions and
regulations.
Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking
statements, and should rely on their own independent enquiries, investigations and advice regarding
information contained in this announcement. Any reliance by a reader on the information contained in this
announcement is wholly at the reader's own risk.
To the maximum extent permitted by law or any relevant listing rules of the ASX/TSX-V, Mont Royal and
their respective related bodies corporate and affiliates and their respective directors, officers,
employees, advisers, agents and intermediaries disclaim any obligation or undertaking to disseminate
any updates or revisions to the information in this announcement to reflect any change in expectations in
relation to any forward-looking statements or any such change in events, conditions or circumstances on
which any such statements were based. Nothing in this announcement will, under any circumstances
(including by reason of this announcement remaining available and not being superseded or replaced by
any other announcement or publication with respect to Mont Royal or the subject matter of this
announcement), create an implication that there has been no change in the affairs of Mont Royal since
the date of this announcement.
Not Investment Advice
This announcement is not financial product, investment advice or a recommendation to acquire
securities of Mont Royal or Commerce and has been prepared without taking into account the
objectives, financial situation or needs of individuals. Each recipient of this announcement should make
its own enquiries and investigations regarding all information in this announcement, including, but not
limited to, the assumption, uncertainty and contingencies which may affect future operations of Mont
Royal and the impact that different future outcomes may have on Mont Royal. Before making an
investment decision, prospective investors should consider the appropriateness of the information
having regard to their own objectives, financial situation and needs, and seek legal, taxation and
financial advice appropriate to their jurisdiction and circumstances.
Unless otherwise stated, all dollar values in this Announcement are reported in Australian dollars.
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