New Frontier to hold 90% of Québec’s Pomme REE Project

Core Viewpoint - New Frontier Minerals (NFM) has signed a binding option and earn-in agreement to acquire a 90% interest in the Pomme Rare Earth Element (REE) Project in Québec, Canada, which is expected to significantly advance its critical minerals strategy [1][3]. Group 1: Project Details - The Pomme REE Project is located approximately 500km north-west of Montréal and encompasses 43 mineral claims over an area of 2,400 hectares [1]. - The project is situated near the Montviel Deposit, which has significant indicated and inferred resources, and benefits from easy access via existing logging roads [2]. Group 2: Exploration and Historical Data - Historical drilling at the Pomme REE Carbonatite site has shown promising results, including drill-hole POM-23-03 with 398m at 0.54% total rare earth oxides (TREO) and 0.05% niobium pentoxide from a depth of 16m, and drill-hole POM-23-01 with 513m at 0.33% TREO and 0.08% from a depth of 32m [5]. Group 3: Financial and Strategic Aspects - The agreement involves an initial investment of A$100,000 (approximately $71,149.8) in cash and A$200,000 in shares, with additional contingent payments based on meeting investment and technical milestones [6]. - NFM has engaged Viriathus Investor Advisory to enhance its visibility among US investors, and the strategic partnership with Metallium is expected to improve NFM's capabilities in REE resource development [6][4].