rare earth investing

Mt Monger Resources Pivots to Rare Earths with New Quebec Asset

Resource Investing News

“I foresee that rare earths will continue to have a very important role in high-tech applications. And, obviously, we see that trend continuing because of the current support for these elements in the global energy transition,” Mt Monger Resources Managing Director Lachlan Reynolds said.

The addition of rare earth element and niobium assets to Mt Monger Resources’ (ASX:MTM) gold portfolio is a strategic response to the growing global energy transition, according to Managing Director Lachlan Reynolds.

“We see the rare earths — and niobium — as being a really good sector to be in, particularly with the current global energy transition. We see a long-term future in terms of demand and price for those commodities. And so we're very keen to be part of that,” Reynolds explained.

He added that measures by various governments — including the US, Canada and Australia — to boost domestic production of minerals critical to global electrification and decarbonisation, such as rare earths, are beginning to have an impact on the mineral resource sector.

“We're seeing it in terms of reduced red tape as far as permitting and allowing companies to get on with the job,” Reynolds said. “For the exploration sector, it's a very strong signal to us that the governments are keen to see these minerals developed. And it gives us confidence that we can be expanding our exploration budgets on those projects in a way that will add value to the company.”

Watch the full interview with Mt Monger Resources Managing Director Lachlan Reynolds above.

Disclaimer: This interview is sponsored by Mt Monger Resources (ASX:MTM). This interview provides information which was sourced by the Investing News Network (INN) and approved by Mt Monger Resources in order to help investors learn more about the company. Mt Monger Resources is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Mt Monger Resources and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

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