Sydney NSW 2000 Mont Royal Resources Ltd
Level 8, 2 Bligh Street
Sydney NSW 2000
Mont Royal Resources Ltd
ACN: 625 237 658
www.montroyalres.com
ASX ANNOUNCEMENT
19 August 2026
MONT ROYAL RECEIVES C$2.22 MILLION
QUEBEC TAX CREDIT
Receipt strengthens funding position as Mont Royal advances Ashram
toward Pre-Feasibility Study and strategic funding initiatives
Mont Royal Resources Ltd (ASX: MRZ, TSXV: MRZL) (“Mont Royal” or “the Company”)
Is pleased to announce that the Company’s 2023/24 tax credit from Revenue Quebec of
C$2.22m has been received . Mont Royal via is wholly owned subsidiary Commerce
Resources Corp is registered and eligible for the tax rebate for its critical minerals
exploration and development activities in Quebec, Canada.
Mont Royal is also in the process of finalising its 2024/25 calculations and income tax
return, which will include an application for a tax credit from Revenue Quebec.
Mont Royal’s Managing Director, Mr. Nicholas Holthouse, said:
“Receipt of the C$2.22 million Quebec tax credit is an important and timely contribution
to Mont Royal’s funding position as we continue advancing the Ashram Rare Earth and
Fluorspar Project toward Pre-Feasibility. The rebate reflects eligible exploration and
development expenditure undertaken in Quebec and demonstrates the tangible support
available for strategically important critical minerals projects such as Ashram through
non-dilutive government funding support.
“This funding further strengthens our ability to progress key technical, permitting and
stakeholder engagement workstreams at Ashram, while continuing to work closely with
First Nations, Government agencies, strategic partners and potential offtake participants.
“Over the balance of 2026, our priority is to advance Ashram through a disciplined
program of technical de -risking while pursuing a range of non -dilutive funding
opportunities, including government support programs, strategic partnerships and other
project financing initiatives. We believe that Ashram’s outstanding PEA economics,
strategic importance to Western critical minerals supply chains and the growing
government focus on critical minerals infrastructure position the Project strongly to
leverage evolving Government support around site access.
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“Ashram remains one of the world’s most significant undeveloped rare earth and
fluorspar projects, with the potential to become a cornerstone supplier of critical minerals
and contribute to the development of critical minerals industries in Quebec, Canada,
North America and Europe. Our focus remains on creating shareholder value through
disciplined project advancement and prudent capital management as we move toward
the next phase of development.”
For and on behalf of the Board
ENDS
Joel Ives | Company Secretary
For further information please contact:
Nicholas Holthouse
Managing Director
Nicholas Read
Investor and Media Relations
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.
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About Mont Royal
Mont Royal Resources Limited (ASX: MRZ, TSXV: MRZL) is a critical minerals development
and exploration company with projects located 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).
For further information regarding Mont Royal Resources Limited, please visit the ASX
platform (ASX: MRZ) or Mont Royal’s website www.montroyalres.com
Figure 1 Location of the Ashram REE & Fluorspar Project, the Northern Lights Project and the Port of Saguenay
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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”). Al l
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 o n 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 a re
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 fac tors
that are in some cases beyond Mont Royal’s control.
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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 interpr etation 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 repr esentation, 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
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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.