A CANADIAN COMPANY FOCUSED ON THE DEVELOPMENT OF ONE OF THE WORLD'S LARGEST AND HIGHEST GRADE HREE PROJECTS IN QUÉBEC

The project delivers a robust pre-tax IRR of 25.6%, and a substantial life of mine NPV discounted at 10% of $2.9b. The planned processing facility in Becancour will be North America’s largest HREE processing facility. Quest offers a major industrial opportunity for Québec and Canada to employ many highly skilled technical and engineering employees.

Value Drivers

Located in Québec, one of the best mining jurisdictions in the world, Strange Lake is the largest HREE resource capable of meeting the industry's long-term supply needs

Highest level of critical/heavy rare earths in peer group

Metallurgy advancing steadily and results beating previous expectations and peer reports

Experienced technical and development team with in excess of 250 years of experience

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