(ASX: MTM) MTM Critical Metals

Pomme Project

The Pomme Project, located in Quebec, Canada, consists of 43 mineral claims, covering 2,400 ha. MTM Critical Metals Ltd holds the exclusive and binding option to acquire 100% of the Pomme REE-Nb project. The Pomme Prospect presents as an extremely prospective exploration target with proven mineralisation in an established region of Quebec.

The highly accessible project is positioned only 7km from the world class carbonatite-hosted Montviel Deposit which has a resource of 266Mt @ 1.45% TREO. The prospect has proven carbonatite mineralisation with 2 historic drill holes confirming mineralisation over 478m from 25m and grades reaching grades as high as 1.58% TREO and 0.19% Nb.

The property is located in the Montviel Township, which is 93 km away from the town of Lebel-sur-Quevillon, where services and manpower are available. The project has access to Hydro-Power via local infrastructure and with a relatively flat topography, is consequently easily accessible via a logging road. Covered by a mix of swamp and forest, the latter consisting mainly of black spruce.

Key Rare Earth Elements Neodymium and Praseodymium are critical future-facing minerals that have huge energy transition utility, and hence Wood Mackenzie expects the spot prices of key rare earth elements to grow at a CAGR of 7.4% till 2030. Likewise, Niobium has extensive future-facing, industrial and energy transition utility, being a key ingredient in the magnets used to create Lithium-Ion batteries and steel alloys.