Mont Royal Resources Limited (ASX:MRZ)

ALERT: Price-sensitive ASX Announcement for MRZ

Current share price for MRZ : $0.097 -0.003 (-3%)⁺

Announcement

Mont Royal Receives C$2.22 Million Quebec Tax Credit

Release

19 Aug 2026 9:37AM

Price at Release

$0.100

Full Release

Summary

Mont Royal Resources Ltd announced the receipt of a C$2.22 million tax credit from Revenue Quebec. This funding will support the advancement of its Ashram Rare Earth and Fluorspar Project towards a Pre-Feasibility Study. The tax credit reflects the company's eligible exploration and development expenditures in Quebec, Canada. Managing Director Nicholas Holthouse emphasized the importance of this non-dilutive government funding in progressing key technical and stakeholder engagement workstreams at Ashram. Mont Royal is focusing on creating shareholder value and leveraging government support for critical minerals infrastructure.

Key Points

Mont Royal receives C$2.22 million Quebec tax credit.
Funding supports Ashram Rare Earth and Fluorspar Project.
Tax credit reflects eligible exploration expenditures in Quebec.
Focus on advancing Ashram to Pre-Feasibility Study.
Non-dilutive government funding strengthens project position.
Mont Royal aims to leverage government support for critical minerals.

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.