MTM Critical Metals Strikes Significant Rare Earth Elements at Quebec’s Pomme Project
The date of：
2024-01-05
viewed:
0
MTM Critical Metals, formerly Mt Monger Resources, has released significant findings of rare earth elements (REE) and niobium (Nb) at its Pomme project in Quebec. These recent discoveries bolster the notion that the Pomme project could parallel the nearby Montviel carbonatite REE-Nb deposit, owned by Geomega Resources, located a mere 7 kilometers away.The Pomme project, procured in February of the previous year for $1 million in cash and shares, had only seen minimal exploration prior to MTM’s involvement. Early drilling in 2012 had however revealed encouraging REE-Nb mineralization. MTM’s recent 13-hole drill program has yielded significant results, such as a 398-meter interval with 0.54% total rare earth oxides (TREO) and 0.05% niobium oxide (NbO).The latest drilling results unveiled broad intervals of REE and Nb mineralization in previously untested areas of the Pomme carbonatite complex, with hole POM-23-13 showing 330 meters at 0.34% TREO & 0.02% NbO, including zones with up to 2.0% TREO. Another hole, POM-23-11, revealed a 468.35-meter interval with 0.29% TREO & 0.06% NbO. A significant portion of the TREO grade consists of high-value magnet REE minerals such as neodymium (Nd) and praseodymium (Pr).MTM’s Managing Director, Lachlan Reynolds, has confirmed the large mineralized system at Pomme, which spans over 2 kilometers. With all major assay results in, MTM plans to use the Canadian winter period for data compilation and assessment to prioritize areas for follow-up work and prepare for the 2024 field program. In recent news, MTM raised $1 million through convertible notes to institutional investors and acquired a niobium-REE project in Western Australia, adjacent to other resource companies.
Hot News
/
Related to recommend
2025
-
11
-
03
Click on the number of times:
0
来源：mining.comMalaysia will maintain a ban on the export of raw rare earths to protect its domestic resources, despite signing a critical minerals deal with the United States this week, the trade minis...
2025
-
11
-
03
Click on the number of times:
0
来源：mining.comRare earths firm REalloys has received a letter of interest from the US Export-Import Bank (EXIM) for a loan worth up to $200 million to fund processing and magnet facilities, in what wou...
2025
-
10
-
29
Click on the number of times:
1
来源：mining.comEuropean Council President Antonio Costa said on Monday that high-level officials from China were scheduled to visit Brussels in the coming weeks to discuss Beijing’s export curbs on rare...
2025
-
10
-
28
Click on the number of times:
2
来源：mining.comMinespider and critical minerals broker Rare Earth Ventures (REV) have entered into a strategic partnership aimed at bringing traceability to rare earth and other mineral supply chains in...