{"success":true,"data":{"pressRelease":{"id":"150336","rtpr_id":"nNFCNsNrQ-20260923","ticker":"MRZ","exchange":"ASX","all_tickers":["MRZ"],"title":"Mont Royal Holds First Public Information Meeting in Kuujjuaq for the Ashram Project","author":"Newsfile Corp","published_at":"2026-09-23T00:52:00.501Z","article_body":"Nearly 160 participants joined in person and online, reinforcing Mont Royal's\ncommitment to ongoing dialogue and regular community engagement in Kuujjuaq as\nthe Ashram Project advances\n\nMontreal, Quebec--(Newsfile Corp. - September 22, 2026) - Mont Royal Resources\nLtd (ASX: MRZ) (TSXV: MRZL) (\"Mont Royal\" or \"the Company\") is pleased to\nadvise that it hosted its first public information meeting in Kuujjuaq last\nweek, marking an important step in the Company's ongoing commitment to\ninformation sharing and dialogue surrounding its flagship Ashram Rare Earths\nand Fluorspar Project (\"Ashram\" or the \"Project\") in Québec.The meeting\nprovided an opportunity for Mont Royal to update participants on Ashram's\ncurrent stage of development, ongoing activities and next steps, as well as to\nhear directly from community members and respond directly to questions as the\nProject continues to advance.\n\nMont Royal's Managing Director, Nicholas Holthouse, and Vice President,\nGovernment Affairs and Sustainability, Cindy Valence, attended the meeting,\npresenting an overview of the Project and participating in discussions with\nattendees. Approximately 60 people attended the meeting in person, with close\nto 100 additional participants joining the presentation online.\n\nThe public information meeting comes during a period of increasing visibility\nfor the Ashram Project, including Mont Royal's recent participation in the\ninaugural Canada Investment Summit in Toronto. As interest in the Project\ncontinues to grow among governments, investors and potential strategic\npartners, Mont Royal remains committed to maintaining regular and meaningful\nengagement with the communities closest to the Project.\n\nMont Royal views these activities as an important part of advancing Ashram as\na strategically important Canadian critical minerals project - building\nawareness and understanding of the Project while ensuring that local\nperspectives, priorities and knowledge can inform its development.\n\nMont Royal Managing Director, Nicholas Holthouse said:\n\n\"As Ashram continues to gain visibility and momentum, including through our\nrecent participation in the Canada Investment Summit, our engagement with\ncommunities remains a fundamental part of how we advance the Project. The\ndevelopment of Ashram is not only about its technical and economic potential;\nit is also about listening, building relationships and ensuring that local\nperspectives are part of the conversation as the Project moves forward. We\nsincerely thank everyone who participated, both in person and online, as well\nas those who helped make our first public information meeting in Kuujjuaq\npossible. We look forward to continuing the dialogue and providing regular\nupdates as Ashram advances.\"\n\n(https://images.newsfilecorp.com/files/12033/315611_765e088444658965_001full.jpg)\n\nPublic Information Session held in Kuujjuaq, September 2026\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/12033/315611_765e088444658965_001full.jpg\n\nMont Royal would also like to thank the organizations, community\nrepresentatives and partners who contributed to making this meeting possible.\nTheir collaboration helped create an accessible and constructive forum for\ndialogue around the Ashram Project.\n\nThe questions, comments and perspectives shared during the meeting are\nimportant to Mont Royal. They contribute to a better understanding of the\ncommunity's interests and concerns and help inform the Company's work as the\nPre-Feasibility Study progresses, alongside the technical, environmental and\nsocio-economic work associated with the development of the Project.\n\nThis first public information meeting marks an important step in Mont Royal's\nongoing information-sharing and engagement efforts, which will continue as the\nProject advances. As part of this commitment, Mont Royal plans to maintain a\npresence in Kuujjuaq on a quarterly basis to foster regular communication with\nthe community and local organizations.\n\nPublic information meetings will also be held every six months to share the\nlatest updates on the Ashram Project, respond to questions from the community\nand continue discussions as the Project moves through its various stages of\ndevelopment.\n\nThrough these initiatives, Mont Royal intends to maintain open, regular and\naccessible dialogue with communities, Indigenous organizations and other\nstakeholders.\n\nThe Ashram Rare Earths and Fluorspar Project, 100%-owned by Mont Royal\nResources and located in Nunavik, northern Québec, hosts a significant rare\nearth mineral resource comprising 73.2 million tonnes of Indicated Resources\nat 1.89% total rare earth oxides (TREO) and 131.1 million tonnes of Inferred\nResources at 1.91% TREO.\n\nThe updated 2026 Preliminary Economic Assessment contemplates an initial\n30-year mine life and average annual production of approximately 17,466 tonnes\nof saleable rare earth oxides, including approximately 4,035 tonnes of\nneodymium-praseodymium (NdPr). Mont Royal is currently advancing the Ashram\nProject through a Pre-Feasibility Study, alongside environmental studies,\nengagement activities, and infrastructure and project development work.\n\nMont Royal thanks everyone who participated, both in person and online, and\nlooks forward to continuing the dialogue throughout the next stages of the\nAshram Project.\n\nAbout Mont Royal\n\nMont Royal Resources Limited (ASX: MRZ) (TSXV: MRZL) is a critical minerals\ndevelopment and exploration company with projects in Quebec, Canada. The\nCompany is dedicated to advancing its 100%-owned Ashram Rare Earth and\nFluorspar Deposit in Nunavik, Québec, Canada - one of the largest\nmonazite-dominant carbonatite-hosted Rare Earth Elements deposits in North\nAmerica. In addition, the Company owns 75% of Northern Lights Minerals\n536km(2) tenement package located in the Upper Eastmain Greenstone belt. The\nprojects are located in the emerging James Bay area, a Tier-1 mining\njurisdiction of Quebec, and are prospective for lithium, precious (Gold,\nSilver) and base metals mineralisation (Copper, Nickel).\n\n(https://images.newsfilecorp.com/files/12033/315611_765e088444658965_002full.jpg)\n\nFigure 1: Location of the Ashram REE & Fluorspar Project, the Northern Lights\nProject and the Port of Saguenay\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/12033/315611_765e088444658965_002full.jpg\n\nFor and on behalf of the Board\n\nENDS\n\nJoel Ives | Company Secretary\n\nTo receive regular announcements and updates and to engage with management\njoin Mont Royal's Investor Hub\n(https://api.newsfilecorp.com/redirect/XEMqVsWOeW) or for more information\nvisit investors.montroyalres.com\n(https://api.newsfilecorp.com/redirect/DOkDjUYZwp).\n\n Managing Director  Nicholas Holthouse  info@montroyalres.com  Investor and Media Relations  Nicholas Read  nicholas@readcorporate.com.au  \n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nCautionary Statement - Preliminary Economic Assessment\n\nThe updated Preliminary Economic Assessment (\"PEA\") referred to in this report\nis a preliminary technical and economic study of the potential viability of\nthe Ashram Rare Earth & Fluorspar Project (\"Ashram\" or the \"Project\"). The PEA\nis based on low-level technical and economic assessments and has been\ncompleted to a level of accuracy of ± 50%. It is not sufficient to support\nthe estimation of Ore Reserves or to provide assurance of an economic\ndevelopment case at this stage, nor to provide certainty that the conclusions\nof the PEA will be realised. Further exploration, technical, and economic\nstudies are required before Mont Royal will be in a position to estimate any\nOre Reserves or to provide assurance of an economic development case.\n\nCompetent and Qualified Persons\n\nThe production target referred to in this report was first reported by the\nCompany on 9 June 2026. The Company confirms that all material assumptions\nunderpinning the production target and forecast financial information derived\nfrom the production target in the original announcement continue to apply and\nhave not materially changed.\n\nThe Exploration Results and Mineral Resource Estimate for the Ashram Project\nwere first reported in the Company's prospectus dated 30 September 2025 and\nreleased to ASX on 1 October 2025 (Prospectus). The Company confirms that it\nis not aware of any new information or data that materially affects the\ninformation relating to the exploration results included in the Prospectus.\n\nImportant Notices & Disclaimers\n\nForward-Looking Statements\n\nThis announcement contains certain \"forward-looking statements\" within the\nmeaning of Australian securities laws and \"forward-looking information\" within\nthe meaning of Canadian securities laws (collectively referred to as\n\"forward-looking statements\"). All statements, other than statements of\nhistorical fact, that address circumstances, events, activities or\ndevelopments that could, or may or will occur are forward-looking statements.\nThese forward-looking statements are subject to a variety of risks and\nuncertainties and other factors that could cause actual events or results to\ndiffer materially from those projected in the forward-looking information.\nRisks that could change or prevent these events, activities or developments\nfrom coming to fruition include: actual results of current and future\nexploration activities; that Mont Royal may not be able to fully finance any\nadditional exploration on the Ashram Project; that even if Mont Royal is able\nraise capital, costs for exploration activities may increase such that Mont\nRoyal may not have sufficient funds to pay for such exploration or processing\nactivities; the timing and content of the proposed drill program and any\nfuture work programs may not be completed as proposed or at all; geological\ninterpretations based on drilling that may change with more detailed\ninformation; potential process methods and mineral recoveries assumptions\nbased on limited test work and by comparison to what are considered analogous\ndeposits that, with further test work, may not be comparable; testing of our\nprocess may not prove successful or samples derived from the Ashram Project\nmay not yield positive results, and even if such tests are successful or\ninitial sample results are positive, the economic and other outcomes may not\nbe as expected; the anticipated market demand for rare earth elements and\nother minerals may not be as expected; the availability of labour and\nequipment to undertake future exploration work and testing activities;\ngeopolitical risks which may result in market and economic instability; and\ndespite the current expected viability of the Ashram Project, conditions\nchanging such that even if metals or minerals are discovered on the Ashram\nProject, the project may not be commercially viable, or other risks detailed\nherein and from time to time in the public filings made by Mont Royal.\nAlthough Mont Royal has attempted to identify important factors that could\ncause actual actions, events or results to differ from those described in\nforward-looking statements, there may be other factors that cause such\nactions, events or results to differ materially from those anticipated. These\nforward-looking statements are based on Mont Royal's current expectations,\nestimates, forecasts and projections about its business and the industry in\nwhich it operates and management's beliefs and assumptions, including the\nnon-occurrence of the risks and uncertainties that are described above and in\nthe public filings made by Mont Royal or other events occurring outside of our\nnormal course of business, and are not guarantees of future performance or\ndevelopment and involve known and unknown risks, uncertainties and other\nfactors that are in some cases beyond Mont Royal's control.\n\nForward-looking statements in this announcement include, but are not limited\nto, statements regarding; the goals, strategies, opportunities, technologies\nused, project timelines and funding requirements; impact of combined\nmanagement expertise and prospective shareholding; the plans, operations and\nprospects of Mont Royal and its properties; the continued advancement of the\nAshram Project to development; that Ashram's fluorspar component which makes\nit one of the largest potential sources of fluorspar in the world and could be\na long-term supplier to the met-spar and acid-spar markets; that Mont Royal is\npositioning to be one of the lowest cost rare earth element producers\nglobally, with a focus on being a long-term global supplier of mixed rare\nearth carbonate and/or NdPr oxide; and that Mont Royal may explore the\npotential of other high-value commodities on the Ashram Property and the\nexpected timetable for dual listing of Mont Royal's shares; and statements\nabout market and industry trends, which are based on interpretation of market\nconditions. Forward-looking statements can generally be identified by the use\nof forward looking words such as \"anticipate\", \"expect\", \"likely\", \"propose\",\n\"will\", \"intend\", \"should\", \"could\", \"may\", \"believe\", \"forecast\", \"estimate\",\n\"target\", \"outlook\", \"guidance\" (including negative or grammatical variations)\nand other similar expressions. No representation, warranty, guarantee or\nassurance, express or implied, is given or made in relation to any\nforward-looking statement. In particular no representation, warranty or\nassumption, express or implied, is given in relation to any underlying\nassumption or that any forward-looking statement will be achieved. There can\nbe no assurance that the forward-looking statements will prove to be accurate.\nActual and future events may vary materially from the forward-looking\nstatements and the assumptions on which the forward-looking statements were\nbased, because events and actual circumstances frequently do not occur as\nforecast and future results are subject to known and unknown risks such as\nchanges in market conditions and regulations.\n\nGiven these uncertainties, readers are cautioned not to place undue reliance\non such forward-looking statements, and should rely on their own independent\nenquiries, investigations and advice regarding information contained in this\nannouncement. Any reliance by a reader on the information contained in this\nannouncement is wholly at the reader's own risk.\n\nTo the maximum extent permitted by law or any relevant listing rules of the\nASX/TSX-V, Mont Royal and their respective related bodies corporate and\naffiliates and their respective directors, officers, employees, advisers,\nagents and intermediaries disclaim any obligation or undertaking to\ndisseminate any updates or revisions to the information in this announcement\nto reflect any change in expectations in relation to any forward-looking\nstatements or any such change in events, conditions or circumstances on which\nany such statements were based. Nothing in this announcement will, under any\ncircumstances (including by reason of this announcement remaining available\nand not being superseded or replaced by any other announcement or publication\nwith respect to Mont Royal or the subject matter of this announcement), create\nan implication that there has been no change in the affairs of Mont Royal\nsince the date of this announcement.\n\nNot Investment Advice\n\nThis announcement is not financial product, investment advice or a\nrecommendation to acquire securities of Mont Royal or Commerce and has been\nprepared without taking into account the objectives, financial situation or\nneeds of individuals. Each recipient of this announcement should make its own\nenquiries and investigations regarding all information in this announcement,\nincluding, but not limited to, the assumption, uncertainty and contingencies\nwhich may affect future operations of Mont Royal and the impact that different\nfuture outcomes may have on Mont Royal. Before making an investment decision,\nprospective investors should consider the appropriateness of the information\nhaving regard to their own objectives, financial situation and needs, and seek\nlegal, taxation and financial advice appropriate to their jurisdiction and\ncircumstances.\n\nUnless otherwise stated, all dollar values in this Announcement are reported\nin Australian dollars.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/315611","article_body_html":"","raw_payload":{"data":{"id":"nNFCNsNrQ-20260923","title":"Mont Royal Holds First Public Information Meeting in Kuujjuaq for the Ashram Project","author":"Newsfile Corp","ticker":"MRZ","created":"2026-09-23T00:52:00.501Z","tickers":["MRZ"],"exchange":"ASX","article_body":"Nearly 160 participants joined in person and online, reinforcing Mont Royal's\ncommitment to ongoing dialogue and regular community engagement in Kuujjuaq as\nthe Ashram Project advances\n\nMontreal, Quebec--(Newsfile Corp. - September 22, 2026) - Mont Royal Resources\nLtd (ASX: MRZ) (TSXV: MRZL) (\"Mont Royal\" or \"the Company\") is pleased to\nadvise that it hosted its first public information meeting in Kuujjuaq last\nweek, marking an important step in the Company's ongoing commitment to\ninformation sharing and dialogue surrounding its flagship Ashram Rare Earths\nand Fluorspar Project (\"Ashram\" or the \"Project\") in Québec.The meeting\nprovided an opportunity for Mont Royal to update participants on Ashram's\ncurrent stage of development, ongoing activities and next steps, as well as to\nhear directly from community members and respond directly to questions as the\nProject continues to advance.\n\nMont Royal's Managing Director, Nicholas Holthouse, and Vice President,\nGovernment Affairs and Sustainability, Cindy Valence, attended the meeting,\npresenting an overview of the Project and participating in discussions with\nattendees. Approximately 60 people attended the meeting in person, with close\nto 100 additional participants joining the presentation online.\n\nThe public information meeting comes during a period of increasing visibility\nfor the Ashram Project, including Mont Royal's recent participation in the\ninaugural Canada Investment Summit in Toronto. As interest in the Project\ncontinues to grow among governments, investors and potential strategic\npartners, Mont Royal remains committed to maintaining regular and meaningful\nengagement with the communities closest to the Project.\n\nMont Royal views these activities as an important part of advancing Ashram as\na strategically important Canadian critical minerals project - building\nawareness and understanding of the Project while ensuring that local\nperspectives, priorities and knowledge can inform its development.\n\nMont Royal Managing Director, Nicholas Holthouse said:\n\n\"As Ashram continues to gain visibility and momentum, including through our\nrecent participation in the Canada Investment Summit, our engagement with\ncommunities remains a fundamental part of how we advance the Project. The\ndevelopment of Ashram is not only about its technical and economic potential;\nit is also about listening, building relationships and ensuring that local\nperspectives are part of the conversation as the Project moves forward. We\nsincerely thank everyone who participated, both in person and online, as well\nas those who helped make our first public information meeting in Kuujjuaq\npossible. We look forward to continuing the dialogue and providing regular\nupdates as Ashram advances.\"\n\n(https://images.newsfilecorp.com/files/12033/315611_765e088444658965_001full.jpg)\n\nPublic Information Session held in Kuujjuaq, September 2026\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/12033/315611_765e088444658965_001full.jpg\n\nMont Royal would also like to thank the organizations, community\nrepresentatives and partners who contributed to making this meeting possible.\nTheir collaboration helped create an accessible and constructive forum for\ndialogue around the Ashram Project.\n\nThe questions, comments and perspectives shared during the meeting are\nimportant to Mont Royal. They contribute to a better understanding of the\ncommunity's interests and concerns and help inform the Company's work as the\nPre-Feasibility Study progresses, alongside the technical, environmental and\nsocio-economic work associated with the development of the Project.\n\nThis first public information meeting marks an important step in Mont Royal's\nongoing information-sharing and engagement efforts, which will continue as the\nProject advances. As part of this commitment, Mont Royal plans to maintain a\npresence in Kuujjuaq on a quarterly basis to foster regular communication with\nthe community and local organizations.\n\nPublic information meetings will also be held every six months to share the\nlatest updates on the Ashram Project, respond to questions from the community\nand continue discussions as the Project moves through its various stages of\ndevelopment.\n\nThrough these initiatives, Mont Royal intends to maintain open, regular and\naccessible dialogue with communities, Indigenous organizations and other\nstakeholders.\n\nThe Ashram Rare Earths and Fluorspar Project, 100%-owned by Mont Royal\nResources and located in Nunavik, northern Québec, hosts a significant rare\nearth mineral resource comprising 73.2 million tonnes of Indicated Resources\nat 1.89% total rare earth oxides (TREO) and 131.1 million tonnes of Inferred\nResources at 1.91% TREO.\n\nThe updated 2026 Preliminary Economic Assessment contemplates an initial\n30-year mine life and average annual production of approximately 17,466 tonnes\nof saleable rare earth oxides, including approximately 4,035 tonnes of\nneodymium-praseodymium (NdPr). Mont Royal is currently advancing the Ashram\nProject through a Pre-Feasibility Study, alongside environmental studies,\nengagement activities, and infrastructure and project development work.\n\nMont Royal thanks everyone who participated, both in person and online, and\nlooks forward to continuing the dialogue throughout the next stages of the\nAshram Project.\n\nAbout Mont Royal\n\nMont Royal Resources Limited (ASX: MRZ) (TSXV: MRZL) is a critical minerals\ndevelopment and exploration company with projects in Quebec, Canada. The\nCompany is dedicated to advancing its 100%-owned Ashram Rare Earth and\nFluorspar Deposit in Nunavik, Québec, Canada - one of the largest\nmonazite-dominant carbonatite-hosted Rare Earth Elements deposits in North\nAmerica. In addition, the Company owns 75% of Northern Lights Minerals\n536km(2) tenement package located in the Upper Eastmain Greenstone belt. The\nprojects are located in the emerging James Bay area, a Tier-1 mining\njurisdiction of Quebec, and are prospective for lithium, precious (Gold,\nSilver) and base metals mineralisation (Copper, Nickel).\n\n(https://images.newsfilecorp.com/files/12033/315611_765e088444658965_002full.jpg)\n\nFigure 1: Location of the Ashram REE & Fluorspar Project, the Northern Lights\nProject and the Port of Saguenay\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/12033/315611_765e088444658965_002full.jpg\n\nFor and on behalf of the Board\n\nENDS\n\nJoel Ives | Company Secretary\n\nTo receive regular announcements and updates and to engage with management\njoin Mont Royal's Investor Hub\n(https://api.newsfilecorp.com/redirect/XEMqVsWOeW) or for more information\nvisit investors.montroyalres.com\n(https://api.newsfilecorp.com/redirect/DOkDjUYZwp).\n\n Managing Director  Nicholas Holthouse  info@montroyalres.com  Investor and Media Relations  Nicholas Read  nicholas@readcorporate.com.au  \n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nCautionary Statement - Preliminary Economic Assessment\n\nThe updated Preliminary Economic Assessment (\"PEA\") referred to in this report\nis a preliminary technical and economic study of the potential viability of\nthe Ashram Rare Earth & Fluorspar Project (\"Ashram\" or the \"Project\"). The PEA\nis based on low-level technical and economic assessments and has been\ncompleted to a level of accuracy of ± 50%. It is not sufficient to support\nthe estimation of Ore Reserves or to provide assurance of an economic\ndevelopment case at this stage, nor to provide certainty that the conclusions\nof the PEA will be realised. Further exploration, technical, and economic\nstudies are required before Mont Royal will be in a position to estimate any\nOre Reserves or to provide assurance of an economic development case.\n\nCompetent and Qualified Persons\n\nThe production target referred to in this report was first reported by the\nCompany on 9 June 2026. The Company confirms that all material assumptions\nunderpinning the production target and forecast financial information derived\nfrom the production target in the original announcement continue to apply and\nhave not materially changed.\n\nThe Exploration Results and Mineral Resource Estimate for the Ashram Project\nwere first reported in the Company's prospectus dated 30 September 2025 and\nreleased to ASX on 1 October 2025 (Prospectus). The Company confirms that it\nis not aware of any new information or data that materially affects the\ninformation relating to the exploration results included in the Prospectus.\n\nImportant Notices & Disclaimers\n\nForward-Looking Statements\n\nThis announcement contains certain \"forward-looking statements\" within the\nmeaning of Australian securities laws and \"forward-looking information\" within\nthe meaning of Canadian securities laws (collectively referred to as\n\"forward-looking statements\"). All statements, other than statements of\nhistorical fact, that address circumstances, events, activities or\ndevelopments that could, or may or will occur are forward-looking statements.\nThese forward-looking statements are subject to a variety of risks and\nuncertainties and other factors that could cause actual events or results to\ndiffer materially from those projected in the forward-looking information.\nRisks that could change or prevent these events, activities or developments\nfrom coming to fruition include: actual results of current and future\nexploration activities; that Mont Royal may not be able to fully finance any\nadditional exploration on the Ashram Project; that even if Mont Royal is able\nraise capital, costs for exploration activities may increase such that Mont\nRoyal may not have sufficient funds to pay for such exploration or processing\nactivities; the timing and content of the proposed drill program and any\nfuture work programs may not be completed as proposed or at all; geological\ninterpretations based on drilling that may change with more detailed\ninformation; potential process methods and mineral recoveries assumptions\nbased on limited test work and by comparison to what are considered analogous\ndeposits that, with further test work, may not be comparable; testing of our\nprocess may not prove successful or samples derived from the Ashram Project\nmay not yield positive results, and even if such tests are successful or\ninitial sample results are positive, the economic and other outcomes may not\nbe as expected; the anticipated market demand for rare earth elements and\nother minerals may not be as expected; the availability of labour and\nequipment to undertake future exploration work and testing activities;\ngeopolitical risks which may result in market and economic instability; and\ndespite the current expected viability of the Ashram Project, conditions\nchanging such that even if metals or minerals are discovered on the Ashram\nProject, the project may not be commercially viable, or other risks detailed\nherein and from time to time in the public filings made by Mont Royal.\nAlthough Mont Royal has attempted to identify important factors that could\ncause actual actions, events or results to differ from those described in\nforward-looking statements, there may be other factors that cause such\nactions, events or results to differ materially from those anticipated. These\nforward-looking statements are based on Mont Royal's current expectations,\nestimates, forecasts and projections about its business and the industry in\nwhich it operates and management's beliefs and assumptions, including the\nnon-occurrence of the risks and uncertainties that are described above and in\nthe public filings made by Mont Royal or other events occurring outside of our\nnormal course of business, and are not guarantees of future performance or\ndevelopment and involve known and unknown risks, uncertainties and other\nfactors that are in some cases beyond Mont Royal's control.\n\nForward-looking statements in this announcement include, but are not limited\nto, statements regarding; the goals, strategies, opportunities, technologies\nused, project timelines and funding requirements; impact of combined\nmanagement expertise and prospective shareholding; the plans, operations and\nprospects of Mont Royal and its properties; the continued advancement of the\nAshram Project to development; that Ashram's fluorspar component which makes\nit one of the largest potential sources of fluorspar in the world and could be\na long-term supplier to the met-spar and acid-spar markets; that Mont Royal is\npositioning to be one of the lowest cost rare earth element producers\nglobally, with a focus on being a long-term global supplier of mixed rare\nearth carbonate and/or NdPr oxide; and that Mont Royal may explore the\npotential of other high-value commodities on the Ashram Property and the\nexpected timetable for dual listing of Mont Royal's shares; and statements\nabout market and industry trends, which are based on interpretation of market\nconditions. Forward-looking statements can generally be identified by the use\nof forward looking words such as \"anticipate\", \"expect\", \"likely\", \"propose\",\n\"will\", \"intend\", \"should\", \"could\", \"may\", \"believe\", \"forecast\", \"estimate\",\n\"target\", \"outlook\", \"guidance\" (including negative or grammatical variations)\nand other similar expressions. No representation, warranty, guarantee or\nassurance, express or implied, is given or made in relation to any\nforward-looking statement. In particular no representation, warranty or\nassumption, express or implied, is given in relation to any underlying\nassumption or that any forward-looking statement will be achieved. There can\nbe no assurance that the forward-looking statements will prove to be accurate.\nActual and future events may vary materially from the forward-looking\nstatements and the assumptions on which the forward-looking statements were\nbased, because events and actual circumstances frequently do not occur as\nforecast and future results are subject to known and unknown risks such as\nchanges in market conditions and regulations.\n\nGiven these uncertainties, readers are cautioned not to place undue reliance\non such forward-looking statements, and should rely on their own independent\nenquiries, investigations and advice regarding information contained in this\nannouncement. Any reliance by a reader on the information contained in this\nannouncement is wholly at the reader's own risk.\n\nTo the maximum extent permitted by law or any relevant listing rules of the\nASX/TSX-V, Mont Royal and their respective related bodies corporate and\naffiliates and their respective directors, officers, employees, advisers,\nagents and intermediaries disclaim any obligation or undertaking to\ndisseminate any updates or revisions to the information in this announcement\nto reflect any change in expectations in relation to any forward-looking\nstatements or any such change in events, conditions or circumstances on which\nany such statements were based. Nothing in this announcement will, under any\ncircumstances (including by reason of this announcement remaining available\nand not being superseded or replaced by any other announcement or publication\nwith respect to Mont Royal or the subject matter of this announcement), create\nan implication that there has been no change in the affairs of Mont Royal\nsince the date of this announcement.\n\nNot Investment Advice\n\nThis announcement is not financial product, investment advice or a\nrecommendation to acquire securities of Mont Royal or Commerce and has been\nprepared without taking into account the objectives, financial situation or\nneeds of individuals. Each recipient of this announcement should make its own\nenquiries and investigations regarding all information in this announcement,\nincluding, but not limited to, the assumption, uncertainty and contingencies\nwhich may affect future operations of Mont Royal and the impact that different\nfuture outcomes may have on Mont Royal. Before making an investment decision,\nprospective investors should consider the appropriateness of the information\nhaving regard to their own objectives, financial situation and needs, and seek\nlegal, taxation and financial advice appropriate to their jurisdiction and\ncircumstances.\n\nUnless otherwise stated, all dollar values in this Announcement are reported\nin Australian dollars.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/315611"},"type":"article","timestamp":"2026-09-23T00:52:00.550480411Z","server_sent_at_ms":1790124720550},"received_at":"2026-09-23T00:52:00.712Z","source_url":"https://www.newsfilecorp.com/release/315611"},"analysis":{"id":"139138","press_release_id":"150336","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":[],"eventType":"operations_update","narrative":"Mont Royal Resources held its first public information meeting in Kuujjuaq for its flagship Ashram Rare Earths and Fluorspar Project, drawing roughly 160 participants in person and online.\n\nManaging Director Nicholas Holthouse and VP Cindy Valence presented a project update and fielded community questions as the Pre-Feasibility Study progresses.\n\nThe company plans a quarterly presence in Kuujjuaq and public meetings every six months; the Ashram deposit hosts 73.2Mt Indicated at 1.89% TREO and 131.1Mt Inferred at 1.91% TREO, with the 2026 PEA contemplating a 30-year mine life.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine stakeholder engagement milestone — no new financial or technical disclosure."},"keyFigures":{"customDimensions":{"annual_ndpr_tonnes":4035,"total_participants":160,"pea_mine_life_years":30,"inferred_resource_tonnes":"131.1 million tonnes at 1.91% TREO","meeting_attendees_online":100,"indicated_resource_tonnes":"73.2 million tonnes at 1.89% TREO","annual_saleable_reo_tonnes":17466,"meeting_attendees_in_person":60}},"quotedText":"The development of Ashram is not only about its technical and economic potential; it is also about listening, building relationships and ensuring that local perspectives are part of the conversation as the Project moves forward.","namedEntities":{"people":[{"name":"Nicholas Holthouse","role":"Managing Director"},{"name":"Cindy Valence","role":"VP, Government Affairs and Sustainability"},{"name":"Joel Ives","role":"Company Secretary"}],"products":["Ashram Rare Earths and Fluorspar Project","Northern Lights Minerals"],"companies":[{"name":"Mont Royal Resources Ltd","ticker":"MRZ","relationship":"filer"}],"dollarAmounts":[]},"materialImpact":{"score":1,"reasoning":"Routine community engagement event — first public information meeting in Kuujjuaq with no new financial results, resource updates, or project milestones disclosed. Resource and PEA figures are restatements of prior announcements."},"tickerRelevance":{"others":[{"ticker":"MRZL","relevance":"secondary listing (TSX Venture) of the filer"}],"primary":"MRZ"},"globalImportance":8,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"community engagement, no new disclosures","sectorWeight":"critical minerals narrative provides minor thematic interest","issuerAuthored":true}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Mont Royal Resources held its first public information meeting in Kuujjuaq for its flagship Ashram Rare Earths and Fluorspar Project, drawing roughly 160 participants in person and online.\n\nManaging Director Nicholas Holthouse and VP Cindy Valence presented a project update and fielded community questions as the Pre-Feasibility Study progresses.\n\nThe company plans a quarterly presence in Kuujjuaq and public meetings every six months; the Ashram deposit hosts 73.2Mt Indicated at 1.89% TREO and 131.1Mt Inferred at 1.91% TREO, with the 2026 PEA contemplating a 30-year mine life.","key_figures":{"customDimensions":{"annual_ndpr_tonnes":4035,"total_participants":160,"pea_mine_life_years":30,"inferred_resource_tonnes":"131.1 million tonnes at 1.91% TREO","meeting_attendees_online":100,"indicated_resource_tonnes":"73.2 million tonnes at 1.89% TREO","annual_saleable_reo_tonnes":17466,"meeting_attendees_in_person":60}},"named_entities":{"people":[{"name":"Nicholas Holthouse","role":"Managing Director"},{"name":"Cindy Valence","role":"VP, Government Affairs and Sustainability"},{"name":"Joel Ives","role":"Company Secretary"}],"products":["Ashram Rare Earths and Fluorspar Project","Northern Lights Minerals"],"companies":[{"name":"Mont Royal Resources Ltd","ticker":"MRZ","relationship":"filer"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-23T00:52:06.533Z","global_importance":8,"audience_relevance":10,"importance_components":{"tickerTier":"micro-cap","eventGravity":"community engagement, no new disclosures","sectorWeight":"critical minerals narrative provides minor thematic interest","issuerAuthored":true}},"durationMs":5806,"modelName":"glm-5.3-flashx"}}