Quebec Rare Earth Elements Acquires Moose REE Project in Quebec, Canada

Core Viewpoint - Quebec Rare Earth Elements Corp. has entered into an option agreement to acquire the Moose REE Project, which is a promising site for Rare Earth Elements located in Quebec, Canada [10][11]. Project Overview - The Moose REE Project features a 7 km diameter circular magnetic anomaly with a central core of 2 km in diameter, indicating high potential for Rare Earth Elements [6][7]. - A sample taken in 2025 returned 6.17% Total Rare Earth Oxides (TREO), with 20.8% being Neodymium-Praseodymium (NdPr) oxides, suggesting significant mineralization [6][7]. - The project covers an area of 5,324 hectares (53.2 square kilometers) and is accessible via well-maintained forestry roads [5]. Next Steps - The project is drill-ready, with an airborne spectrometry survey planned to identify the most prospective areas for an initial drill program in 2026 [2][7]. - If the initial drill program is successful, a maiden 43-101 resource estimate could be completed as early as 2028 [2][7]. Option Agreement Details - The option agreement allows the company to acquire a 100% interest in the Moose REE Project through a series of option payments, including an initial issuance of 250,000 common shares [10][18]. - Subsequent payments include $30,000 and 125,000 shares by the first anniversary, $50,000 and 200,000 shares by the second anniversary, and $75,000 and 250,000 shares by the third anniversary [18]. Company Background - Quebec Rare Earth Elements Corp. focuses on the exploration and development of Rare Earth Elements, primarily in Quebec, and is led by a team with extensive mining experience [15].