Mont Royal signs study deal with Alta to assess rare earth oxide separation from Ashram feedstock

• Mont Royal signed a joint study agreement with Alta Resource Technologies to assess rare earth separation from Ashram mixed rare earth carbonate.
• Work targets a pathway to produce separated, high-purity rare earth oxides in North America for magnets, advanced technologies, defense supply chains.
• Study also evaluates a potential commercial refining facility, positioned as a first step toward a possible future joint venture.
• Alta’s engineered protein-based process has shown over 99.5% purity, over 90% yield in prior rare earth separation tests.
• Ashram 2026 PEA outlines 30-year mine life, 17,466 tonnes annual saleable REO, post-tax NPV C$ 2.03 billion, IRR 22%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mont Royal Resources Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608310400NEWSFILECNPR____20260831_312127_1) on August 31, 2026, and is solely responsible for the information contained therein.