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Mont Royal Resources Limited (ASX:MRZ)

ALERT: Price-sensitive ASX Announcement for MRZ
Current share price for MRZ : $0.120 -0.06 (-33.33%)+
Announcement
Release
29 Apr 2026 8:37AM
Price at Release
$0.180
Full Release
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Summary
Mont Royal Resources Limited reported its quarterly activities and cash flow for March 2026, highlighting significant progress in the Ashram Rare Earths & Fluorspar Project in Québec, Canada. The company's updated Preliminary Economic Assessment (PEA) is on track for release in May 2026. A notable potential for resource growth was identified in the BD-Zone, and a non-binding MOU was signed with the Saguenay Port Authority for a proposed hydrometallurgical facility. The company held A$5.5 million in cash at the quarter's end, with expectations of increased funding following an exploration tax rebate. Expenditure for exploration was recorded at $429k, and no development or production activities were undertaken. Mont Royal also announced the appointment of Mr. Constantine Karayannopoulos to its Advisory Board.
Key Points
  • Mont Royal Resources Limited (ASX: MRZ) released its March 2026 Quarterly Activities and Appendix 5B Cash Flow Report.
  • The Ashram Rare Earths & Fluorspar Project's updated Preliminary Economic Assessment (PEA) is near completion with expected release in May 2026.
  • Strong potential for resource growth identified in the BD-Zone of the Ashram Project.
  • Non-binding MOU signed with Saguenay Port Authority for a proposed hydrometallurgical facility.
  • A$5.5 million cash at quarter-end, with expected funding increase post exploration tax rebate.
  • A total of $429k spent on exploration activities during the quarter.
  • No development or production activities were conducted during the quarter.
  • An experienced rare earths executive, Mr. Constantine Karayannopoulos, appointed to the Advisory Board.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.