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Mont Royal Resources Limited (MRZL:CA) Discusses Updated ...
SA Transcripts · 2026-06-18 · via All Articles on Seeking Alpha

Mont Royal Resources Limited (MRZL:CA) Discusses Updated Preliminary Economic Assessment and Project Milestones for Ashram Rare Earth and Fluorspar Project June 17, 2026 9:00 PM EDT

Company Participants

Nicholas Holthouse - MD, President, CEO & Director

Conference Call Participants

Nicholas Read - Read Corporate Pty Ltd

Presentation

Nicholas Read
Read Corporate Pty Ltd

Well, a very good morning, everyone, and thanks very much for joining us. I'm Nicholas Read from Read Corporate and on behalf of Mont Royal Resources, ASX Code MRZ and TSXV ticker MRZL. It's my great pleasure to host this shareholder and investor webinar. Well, today, we're joined by Nick Holthouse, Mont Royal's Managing Director for what promises to be a compelling update following some important recent milestones for the company.

Earlier this month, Mont Royal delivered an updated preliminary economic assessment study for its flagship Ashram project in Canada, highlighting a globally significant critical minerals asset with a 30-year mine life, robust economics and the potential to become a strategically important supplier -- North American supplier of rare earths and fluorspar. This is the first major update since the Ashram asset, which is one of the largest rare earths development projects globally. Came to the ASX late last year through the successful merger of Commerce Resources at Mont Royal. And beyond the PEA, the company is continuing to build momentum across a number of fronts, advancing downstream processing initiatives, strengthening partnerships and progressing permitting and studies.

So Nick relocated to Montreal earlier this year to drive the development of Ashram. So we're very pleased to have him back in Perth for a while at least to update investors on what's next with this exciting story.

So rather than a conventional presentation, page turn, Nick is going to talk through some of the key highlights from recent announcements