Galactic (Zirconium, Niobium, Tantalum, Neodymium and Dysprosium)
Property Description
In 2024, the Corporation entered into an agreement to acquire 22 claims in exchange for a cash payment of $26,250 and granted a 2% NSR with the right to purchase one-half (1%) of such NSR for $1,000,000. In addition, the Corporation acquired additional claims by map staking in 2024.
The 11,400 hectares property is located 50 km northwest of the major mining port of Sept-Îles and within 35 km of highway access and electricity. Acquired for its potential niobium and rare earth mineralization within a peralkaline granitic complex, a common environment for significant heavy rare earth deposits, this property was initially explored by the Quebec Government (SOQUEM) in the 1970s. Their work uncovered numerous occurrences of niobium, lanthanum, zirconium, and yttrium. Since 2024, NeoTerrex has discovered over 80 new occurrences on a portion of the property.
Exploration work on the property
Compilation and digitization of historical data for the property was completed in May 2024 and was followed-up in June 2024 with a small helicopter-assisted surface mapping and prospecting program which identified mineralization in numerous areas. A total of 156 grab samples were collected from outcrops and angular boulders of which approximately a third contained elevated amounts of Zirconium, Tantalum, Niobium, Neodymium and Dysprosium . Mineralization is principally associated with swarms of syenite and pegmatite dykes within larger intrusives or gneiss. The dykes contain various exotic minerals that could not be identified in the field.
A two-week follow-up exploration program was completed in May 2025 consisting of prospecting, mapping, and channel sampling. A total of 44 new mineralized occurrences were discovered, extending known mineralized zones and confirming the district-scale critical-metal potential of the property. Among the new discoveries, the Supernova showing, located 650 metres north of the 2024 Hubble occurrence, returned grab samples grading 17.15%, the highest ever recorded in the province, and 5.61% Zirconium, along with elevated Niobium and Tantalum and Neodymium values. All occurrences and their values are posted on the Corporation’s website. The program also included channel sampling in locations where bedrock exposure was more prevalent. Select samples will also be submitted for detailed mineralogical analysis to better understand the REE bearing minerals and potential processing characteristics. Several new areas of interest were mapped and documented, expanding the potentially known footprint of mineralization on the property.
Mineralogical studies are underway for several sample sites and are expected to be completed in April 2026. Discussions with local communities, and their potential involvement, will be undertaken before any further field work is completed on the property.
