NeoTerrex announced on June 6, 2024 the addition of three key projects to its portfolio of rare earth element properties in Quebec, including the Galactic property.

The Galactic property, spanning 6,160 hectares, is located 50 kilometres northwest of the mining port city of Sept-Iles in the province of Quebec and 20 kilometres from a road and powerline, NAD 83 UTM Zone 19N in the national topographic system (NTS) map sheet 022J06. The Property was acquired due to its potential for Niobium, Zirconium and other critical elements.

Geological mapping indicates the presence of various felsic and intermediate intrusives within a gneissic terrane, with a larger intrusive body to the west of the Property.

The Galactic property was mostly explored in the 1970s when Niobium was first discovered. It has since remained relatively unexplored.

• A total of 156 grab samples were collected from outcrop and angular boulders ranging from below detection up to 12.23%Total Rare Earth Oxides (TREO).
• 58 samples assayed over 0.1% TREO, including 12 over 1% TREO.
• Dysprosium content, a critical heavy rare earth element (HREO) content is significant within 39 samples returning between 0.01% Dy2O3 and 0.54% Dy2O3, including one sample having assayed 4.56% HREO.
• Neodymium, a light rare earth, is also present with 19 samples assaying between 0.1% and 1.6% Nd2O3.
• 27 samples assayed significant Niobium values ranging from 0.1%Nb to 1.1% Nb.

*see news release dated August 22, 2024 for further information.