Rare earth elements—particularly neodymium and praseodymium (NdPr), alongside dysprosium and terbium (DyTb)—are fundamental building blocks for high-strength permanent magnets. Supply Chain Diversification: China currently controls roughly 77% of global rare earth mine output and over 90% of downstream separation capacity. China currently controls roughly 77% of global rare earth mine output and over 90% of downstream separation capacity. Ashram’s ore yields high flotation recoveries, producing a high-grade rare earth concentrate (~30%–35% REO) using standard processing methods. Multi-Asset OptionalityWhile Ashram represents Mont Royal's flagship asset, the company maintains multi-commodity exploration exposure across Quebec's mineral belts.