Mont Royal Resources Ltd. Stock Analysis MRZ.AX

Mont Royal Resources Ltd. is a critical minerals development and exploration company, which engages in the acquisition, exploration, and development of mineral resource projects. The company is headquartered in Sydney, New South Wales. The company went IPO on 2019-05-07. The firm is focused on advancing its 100%-owned Ashram Rare Earth and Fluorspar Deposit in Quebec, Canada, which is a monazite-dominant carbonatite hosted Rare Earth Elements deposits in North America. In addition, the Company owns 75% of Northern Lights Minerals approximately 536 square kilometers tenement package located in the Upper Eastmain Greenstone belt. The projects are located in the emerging James Bay area, a Tier-1 mining jurisdiction of Quebec, and are prospective for lithium, precious (Gold, Silver) and base metals mineralization (Copper, Nickel). The Northern Lights Projects are located approximately 300 kilometers (km) north-northeast of the town of Chibougamau and 56 km south of Renard Diamond mine. The projects include the Northern Lights Assets (75%-owned) and Eastmain Leran Project (Option to own 75%).