Nordique Critical Metals Secures TSXV Approval for Kwyjibo Rare Earth Option

Nordique Critical Metals Inc. (TSXV: NQC) has received final approval from the TSX Venture Exchange to acquire an option to earn up to an 80% undivided interest in the Kwyjibo Rare Earth Project in Quebec. The agreement with SOQUEM Inc. allows the company to secure an initial 60% stake over five years through C$23.15 million in cash, share issuances, and project investments, followed by an option for an additional 20% interest for C$22.00 million over three years.

The transaction establishes Nordique Critical Metals Inc. as the operator of the iron oxide copper gold mineral system, which features significant rare earth element enrichment. To meet regulatory requirements, the company also submitted an amended technical report for its Preliminary Economic Assessment. The updated filing clarifies mineralized material terminology, resource definitions, data verification procedures, and economic cut-off parameters for the proposed ten-year underground mining operation.

Investors will look for progress on initial Phase I requirements, including environmental permitting, a minimum 5,000-meter drilling program, and the completion of a bankable feasibility study. Success across these milestones will determine whether the company fulfills its option terms to expand its stake in the Quebec asset.