New Frontier to hold 90% of Québec’s Pomme REE Project

New Frontier Minerals (NFM) has signed a binding enactment and earn-in statement to get a 90% involvement successful the Pomme Rare Earth Element (REE) Project successful Québec, Canada.

This task is being acquired from Metallium and is situated astir 500km north-west of Montréal, astir 100km from Lebel-sur-Quévillon.

It encompasses 43 mineral claims implicit an country of 2,400 hectares (ha).

NFM possesses an exclusive enactment to instrumentality a bulk involvement successful the Pomme REE-Nb project.

This concern aims to behaviour metallurgical trial enactment and downstream development, with archetypal activities acceptable to absorption connected accepted metallurgical studies and Flash Joule Heating tests connected existent drill samples.

In summation to being adjacent to the Montviel Deposit, which holds important indicated and inferred resources, the task benefits from casual entree done existing logging roads.

NFM president Gerrard Hall said: “This transaction materially advances NFM’s captious minerals strategy. Pomme is simply a large, carbonatite-hosted REE strategy successful a proven Québec district, with humanities drilling having already confirmed standard and continuity.

“The earn-in operation provides a capital-efficient pathway for growth, portion aboriginal integration of Metallium arsenic processing and exertion spouse further enhances the opportunity. The Board believes Pomme’s scale, determination and upside powerfully presumption NFM to present meaningful shareholder value.”

Exploration activities person truthful acold included constricted wide-spaced scout drilling, with important areas being untested.

Several humanities intercepts person been recorded astatine the Pomme REE Carbonatite site, including drill-hole POM-23-03 with findings of 398m astatine 0.54% full uncommon world oxides (TREO) and 0.05% niobium pentoxide from 16m depth.

Drill-hole POM-23-01 reported an intercept of 513m astatine 0.33% TREO and 0.08% from a extent of 32m.

The statement involves a low-cost archetypal concern comprising A$100,000 ($71,149.8) successful currency and A$200,000 successful shares, with further contingent payments based connected gathering concern and method milestones.

In an effort to summation its visibility among US investors, NFM has engaged New York-based Viriathus Investor Advisory.

The strategical alignment with Metallium is expected to heighten NFM's capabilities successful REE assets improvement wrong occidental jurisdictions.

"New Frontier to clasp 90% of Québec’s Pomme REE Project" was primitively created and published by Mining Technology, a GlobalData owned brand.

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