MORE RARE EARTHS POTENTIAL

The Galactic Rare Earths Project

The Galactic Project

More Rare Earths Potential

  • MINERALS OF INTEREST:

    Rare Earth Elements

  • LOCATION:

    Northwest of Sept-Îles, Quebec

  • SIZE:

    ~6,000 Hectares

  • STATUS:

    Active Grassroots Exploration

OVERVIEW

  • Critical Minerals near infrastructure. Highway, electricity and major port all within 80kms or less
  • Numerous rare earth element (“REE”) occurrences, with a large portion composed of heavy rare earths
  • Similar geological context to the massive Strange Lake deposit
  • 19 surface REE and Niobium occurrences discovered at surface in 2024 during a maiden surface exploration program where 156 grab samples were taken.
  • 58 samples contained over 0.1% Total rare earth oxides (“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
  • 27 samples assayed Niobium values ranging from 0.1%Nb to 1.1% Nb

Introduction

The Galactic project contains rare earth elements and other critical metals occurrences located near major mining infrastructure and within a geological context similar to the Strange Lake heavy rare earths deposit.  NeoTerrex’s commenced work on the project during the summer of 2024 and located previously undetected occurrences over a large area warranting further work, including drilling.

Location and Infrastructure

The Galactic project consists of 11,4223 hectares situated in the Côte-Nord region of Quebec and within traditional Innu territory.  It is located 50 km northwest of the major mining port of Sept-Îles and within 35 km of highway access and electricity. Access to project is via helicopter from the town of Sept-Îles.

Geology

Regional geology consists of a large mangerite intrusive in contact with peralkaline granitic complex, a common environment for significant heavy rare earth deposits. Mineralization is principally associated with swarms of synetitic and pegmatitic dykes within the larger intrusives or gneiss. The dykes contain various exotic minerals that could not be identified in the field. Mineralogy studies are underway to determine the nature of the minerals observed.

Exploration History

The Galactic project was initially explored by the Quebec Government (SOQUEM) in the 1970s when Uranium was originally being sought. Their work uncovered numerous occurrences of niobium, lanthanum, zirconium, and yttrium, although other rare earth elements were not assayed at the time. mostly explored in the 1970s when Niobium was first discovered but has since remained relatively unexplored. Most recent work consisted of an airborne geophysical survey and limited surficial prospecting. 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.

NeoTerrex Exploration and Results

NeoTerrex completed its first, 3-week, exploration program in June 2024 which focused on the southwestern portion of the Property. Numerous sites containing suspected mineralization were identified and shown to contain a variety of REE, including the critical Dysprosium element.

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 of these samples assayed over 0.1% TREO, including 12 over 1% TREO. Best results are shown in the table below.

Showing Sample UTME UTMN TREO (%) HREO (%) HREO/TREO Dy2O3 (%) Nd2O3 (%)

Nb

(%)
Orion L766204 638306 5590349 12.23 0.14 1% 0.02 1.62 0.0%
Gemini 1 L766044 639828 5588994 10.51 4.56 43% 0.55 1.05 0.9%
Andromeda 1 L766071 640120 5588236 7.22 3.18 44% 0.35 0.74 0.9%
Andromeda 2 L766016 640092 5588195 3.21 0.44 14% 0.06 0.53 0.1%
Canis Major L766007 639980 5587984 4.41 2.17 49% 0.24 0.39 0.4%
Andromeda 3 L766024 640086 5588170 2.47 0.40 16% 0.05 0.38 0.2%
Centaurus L766140 639854 5587826 4.58 2.86 62% 0.28 0.33 1.0%
Andromeda 4 L766069 640152 5588214 3.79 2.26 60% 0.22 0.26 0.4%
Andromeda 5 L766017 640122 5588243 2.72 1.31 48% 0.13 0.25 0.8%
Pegasus L766048 638864 5588830 1.13 0.41 36% 0.06 0.20 1.1%
Canis Minor L766015 640013 5587972 1.05 0.14 14% 0.02 0.16 0.1%
Andromeda 6 L766063 640062 5588225 1.33 0.40 30% 0.04 0.15 0.3%
Cygnus L766042 639699 5588962 1.01 0.24 24% 0.03 0.15 0.3%
Aquarius L766153 641905 5588183 0.87 0.11 13% 0.01 0.13 0.0%
Taurus L766190 640501 5587984 0.85 0.16 19% 0.02 0.12 0.1%
Hydra L766047 639063 5588932 0.92 0.26 28% 0.03 0.12 0.2%
Gemini 2 L766045 639821 5588991 1.19 0.58 48% 0.05 0.11 0.5%
Sagittarius L766151 641309 5588272 0.86 0.44 51% 0.04 0.09 0.5%
Ursa L766193 640496 5587824 0.97 0.54 56% 0.05 0.08 0.3%

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

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An area having excellent potential for heavy rare earth mineralization within a peralkaline granitic complex, a common environment for significant heavy rare earth deposits.

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