Mont Royal Receives C$2.22 Million Quebec Tax Credit

• Mont Royal Resources Ltd received a C$2.22 million tax credit from Revenue Quebec.
• The credit supports the company's funding for the Ashram Rare Earth and Fluorspar Project.
• Mont Royal is advancing towards a Pre-Feasibility Study for the Ashram Project.

Mont Royal Resources Ltd has announced the receipt of a C$2.22 million tax credit from Revenue Quebec, which will support the company's funding for its Ashram Rare Earth and Fluorspar Project. This funding is crucial as Mont Royal moves towards a Pre-Feasibility Study and other strategic initiatives. The tax credit is a result of eligible exploration and development expenditures in Quebec, Canada. Mont Royal's Managing Director, Mr. Nicholas Holthouse, highlighted the importance of this funding in advancing the project and engaging with stakeholders.

Mont Royal Resources Ltd expects to leverage the received tax credit to advance the Ashram Project.

Mont Royal Resources Ltd is focused on advancing the Ashram Project through technical de-risking and exploring additional non-dilutive funding opportunities.