Mont Royal Secures Extension of CA$2.6 million Conditional Funding for Ashram Infrastructure Plan
Mont Royal Resources Ltd (ASX: MRZ) has confirmed that its wholly owned subsidiary, Commerce Resources, has received an extension of conditional approval for up to CA$2.6 million under Natural Resources Canada’s Critical Minerals Infrastructure Fund. Access to the funding will depend on successfully completing the required review process and formalising the agreement.
The support is earmarked for advancing studies related to a revised Southern Road Access Strategy for the 100%-owned Ashram Rare Earths and Fluorspar Project in Nunavik, Quebec. The proposed logistics solution involves trucking mixed rare earth concentrate approximately 300 kilometres south to Schefferville, followed by rail transport to Sept-Îles and onward shipment or road transport to the Port of Saguenay for potential downstream processing.
The extended approval is expected to underpin engineering, environmental and stakeholder consultation programs, while supporting baseline studies and progressing the project toward pre-feasibility and feasibility stages.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Mont Royal Secures Extension of CA$2.6 million Conditional Funding for Ashram Infrastructure Plan
Mont Royal Resources Ltd (ASX: MRZ) has confirmed that its wholly owned subsidiary, Commerce Resources, has received an extension of conditional approval for up to CA$2.6 million under Natural Resources Canada’s Critical Minerals Infrastructure Fund. Access to the funding will depend on successfully completing the required review process and formalising the agreement.
The support is earmarked for advancing studies related to a revised Southern Road Access Strategy for the 100%-owned Ashram Rare Earths and Fluorspar Project in Nunavik, Quebec. The proposed logistics solution involves trucking mixed rare earth concentrate approximately 300 kilometres south to Schefferville, followed by rail transport to Sept-Îles and onward shipment or road transport to the Port of Saguenay for potential downstream processing.
The extended approval is expected to underpin engineering, environmental and stakeholder consultation programs, while supporting baseline studies and progressing the project toward pre-feasibility and feasibility stages.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au