Revolver (Rare Earths)

Property Description

The Corporation acquired by map staking 109 claims in 2024 covering a total area of 6,120 hectares. The property is located 45 kilometres northeast of the town of Saguenay (Chicoutimi), Quebec. The property surrounds a rare earths occurrence discovered in 2023 during a geological mapping program conducted by the Quebec government. The area has no recorded exploration and exhibits a favorable geological context for additional rare earths mineralization. It is located 20 kilometres east of the Niobec deposit which exhibits similar mineralogy. Exploration work initiated in 2024 has to date uncovered 11 new areas with REE occurrences.

Exploration work on the property

An initial reconnaissance and exploration work program for the property was conducted in July 2024. 297 grab samples from outcrop and angular boulders were collected during the exploration program. Results ranged from below detection up to 7.16% TREO.

The western portion of the property was revisited in July 2025 to follow-up on the Rhino and Redhawk discoveries which contained a higher percentage of heavy rare earths. To date, an area measuring approximately 400 metres by 100 metres has yielded seven grab samples having assayed between 1% TREO and 12.87% TREO, including 2.1% Neodymium and 0.44% Dysprosium. This sample was collected from a coarse-grained, metasomatized unit within a quartzolite containing visible monazite, xenotime, and zircon. The rock exhibits strong fenitic alteration characterized by biotite and potassium feldspar, with syenite observed nearby.

Ongoing discussions with local communities are to continue in 2026 before additional work is undertaken on the property.