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Mont Royal updates Ashram Rare Earths Project PEA, showing strong economics and 30-year mine life in Quebec.

Market News
08 Jun 2026
Newsfile Corp
View Source
Bullish
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Mont Royal Resources released an updated Preliminary Economic Assessment (PEA) for its 100%-owned Ashram Rare Earths and Fluorspar Project in Quebec, Canada. The PEA confirms a large-scale, long-life rare earth development with an average annual production of 17,466 tonnes of saleable rare earth oxides over 30 years, supported by robust economics including a post-tax NPV of CAD$2.03 billion and an IRR of 22%. The project benefits from a low strip ratio, competitive costs, and strategic positioning in a top mining jurisdiction, aiming to supply critical rare earths for Western markets. Next steps include advancing to a Pre-Feasibility Study in late 2026 and ongoing stakeholder engagement.

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