The Galactic Project hosts significant critical-metal mineralization positioned near major mining infrastructure and within a geological environment analogous to the Strange Lake heavy rare earths deposit.

NeoTerrex initiated exploration in the summer of 2024 and rapidly delineated a 2 × 4 km zone with a high density of mineralized occurrences. This early success confirms the district-scale potential of Galactic for rare earths and related critical metals.

Located in Québec’s Côte-Nord region and within traditional Innu territory, the Galactic Project lies 50 km northwest of the deep-water port of Sept-Îles, one of Canada’s premier mineral export hubs. An all-season road and a powerline are situated less than 10 km from the property boundary.

As rare earths emerge as a key component of the Sept-Îles mining ecosystem, the region is increasingly positioned as the natural export and processing gateway for REE projects across northern Québec and Labrador. Deposits such as Strange Lake and Kwyjibo, along with multiple emerging targets, rely on Sept-Îles for transportation, port access, and future downstream processing.

Torngat Metals is advancing the Strange Lake deposit and has publicly disclosed plans to construct a rare earth processing facility approximately 30 km east of NeoTerrex’s Galactic Project.

Regional geology consists of a large mangerite intrusion in contact with a peralkaline granitic complex—an environment known globally for hosting significant heavy rare earth element (HREE) deposits.

Critical-metal mineralization is primarily associated with swarms of syenitic and pegmatitic dykes hosted in gneiss or intrusive rocks. These dykes are spatially associated with the nearby mangerite body and a major regional fault system.

Early mineralogical observations include exotic REE-bearing minerals such as monazite and xenotime. Formal mineralogy studies are underway to characterize the mineral assemblages.

Initial exploration by Québec’s government agency (SOQUEM) in the 1970s focused on uranium but inadvertently identified numerous niobium, zirconium, and tantalum occurrences. At that time, only lanthanum (La) was analyzed for rare earths, even though samples exhibited significant anomalies.

Subsequent work was limited to airborne geophysical surveys and minor surface prospecting. Historical mapping shows a terrane of felsic to intermediate intrusives within gneiss, bordered to the west by a larger mangerite intrusion.

NeoTerrex conducted its inaugural exploration program in 2024, targeting historical niobium showings and evaluating the broader critical-metals potential. Subsequent prospecting by geologists identified a large area of approximately 4 kilometres by 2 kilometres containing numerous critical metal occurrences (82 to date). A table of these results is shown further below.

Due to the high variance in topography, outcropping is limited to hilltops and escarpments, while the valleys tend to have limited bed rock exposure. Within the area of interest, 4 different zones with a higher density of outcrops suggest that the mineralisation has potential for volume. Drilling will determine if both volume and continuity of mineralisation is present on the project.

The Andromeda sector exhibits a ~200 metres × 100 metres footprint with contains 21 distinct locations with mineralization, with little information in between.

The Gemini sector includes 12 occurrences within an over an area of 500 metres x 150 metres and is located 500 metres north of Andromeda, with no known outcrops in between.

Several other sectors show high density including the Scorpius and Canis which located only 150 metres from Andromeda. Please refer to maps for additional details.

New discovered in 2025 in a limited program include the Supernova showing which assayed 17.15% Zirconium, the highest record in the Quebec geological database (Sigeom).

The project remains relatively unexplored with several areas not yet visited. Additional work entails further surface prospecting and detailed geological mapping, to be followed by mechanical excavation and drilling to determine extent, volume and continuity of the mineralisation.

Table 1: List of new discoveries. TREO and Niobium in grab samples.