Mont Royal Resources (ASX:MRZ) has been accepted into the US Defense Industrial Base Consortium (DIBC), securing a role in North American defence and critical mineral markets via its Ashram Rare Earth and Fluorspar Project.
The company follows Green Technology Metals’ (ASX:GT1) recent acceptance into the DIBC.
The DIBC is a US Department of Defense-supported network operating under an Other Transaction Authority framework, allowing the US Government to award research and prototype projects with fewer procurement barriers.
Membership provides access to a collaborative network of US defence agencies, prime contractors, research institutions, and technology developers.
While membership does not directly provide funding, it expands collaboration opportunities to position Ashram as a future supplier of strategic minerals.
Managing Director Nicholas Holthouse says acceptance into the DIBC provides a ‘direct’ avenue to engage with organisations focused on strengthening North America’s emerging critical minerals supply chain.
“Governments are increasingly recognising that secure supplies of rare earth elements and industrial minerals are fundamental to national security, advanced manufacturing, and the energy transition,” Holthouse says.
“Ashram is one of the largest undeveloped rare earth and fluorspar deposits in North America, and as governments continue to prioritise secure and diversified supply chains, we believe its strategic significance will continue to grow.”
Located in Nunavik, Canada, the Ashram Project is one of the largest monazite-dominant carbonatite-hosted rare earth element deposits in North America.
Mont Royal also owns 75% of the 536km² Northern Lights Minerals tenement package in the James Bay area of Québec, which is prospective for lithium, gold, silver, copper, and nickel mineralisation.
Mont Royal Resources is a critical minerals developer and explorer with projects in Québec.
Write to Paula Fabe at Mining.com.au
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