Mt. Monger Resources (ASX:MTM)) is an Australian mineral exploration and development company initially incorporated to consolidate several gold exploration projects in the Goldfields region in Western Australia. The company’s recent discovery of REE at the East Laverton project has prompted a pivot to the critical metals from gold, taking a further strategic investment into the REE sector, acquiring an option over the Pomme REE-Nd project located in Quebec, Canada.

The Pomme project is an advanced carbonatite-hosted rare earth and niobium project with historical drilling that has confirmed the presence of significant REE and niobium mineralization. Furthermore, the project is in close proximity to the Montviel REE-niobium deposit which is the largest undeveloped carbonatite-hosted REE deposit in North America with a total resource of 266 million tonnes at a grade of 1.46 percent total rare earth elements and 0.14 percent niobium. This highly prospective asset in a mining-friendly jurisdiction allows Mt. Monger to further enhance its portfolio of critical mineral assets.

REEs and niobium are on both the Australian and Canadian governments’ critical minerals list for their value for the aerospace industry, electric vehicles, renewable energy and as a valuable export. Canada is also the world’s second-largest niobium producer and has mining-friendly regulations throughout the country.

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