MTM Critical Metals Limited (ASX:MTM) has bolstered its portfolio of highly prospective rare earth elements/niobium (REE-Nb) targets in southern Quebec, Canada, entering into a second binding option agreement with Geomega Resources Inc. (TSX.V:GMA) to acquire a 100% interest in the Montviel South Project. The new project is located 10km south of MTM’s Pomme Project where recent maiden diamond drilling confirmed the nearly continuous presence of carbonatite-hosted REE and Nb mineralisation1 . Furthermore, the Montviel South claims are adjacent to the Montviel REE-Nb deposit where Geomega has delineated total indicated and inferred resource of 266 Mt @ 1.45% TREO & 0.14% Nb2O5. MTM Managing Director, Mr Lachlan Reynolds said the Company’s new deal with Geomega represented a phenomenal strategic opportunity.
MTM Price at posting:
3.6¢ Sentiment: Hold Disclosure: Not Held
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