rare earth investing

Mt Monger Resources Pivots to Rare Earths with New Quebec Asset

Resource Investing News

“I foresee that rare earths will continue to have a very important role in high-tech applications. And, obviously, we see that trend continuing because of the current support for these elements in the global energy transition,” Mt Monger Resources Managing Director Lachlan Reynolds said.

The addition of rare earth element and niobium assets to Mt Monger Resources’ (ASX:MTM) gold portfolio is a strategic response to the growing global energy transition, according to Managing Director Lachlan Reynolds.

“We see the rare earths — and niobium — as being a really good sector to be in, particularly with the current global energy transition. We see a long-term future in terms of demand and price for those commodities. And so we're very keen to be part of that,” Reynolds explained.

He added that measures by various governments — including the US, Canada and Australia — to boost domestic production of minerals critical to global electrification and decarbonisation, such as rare earths, are beginning to have an impact on the mineral resource sector.

“We're seeing it in terms of reduced red tape as far as permitting and allowing companies to get on with the job,” Reynolds said. “For the exploration sector, it's a very strong signal to us that the governments are keen to see these minerals developed. And it gives us confidence that we can be expanding our exploration budgets on those projects in a way that will add value to the company.”

Watch the full interview with Mt Monger Resources Managing Director Lachlan Reynolds above.

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