Nordique secures exchange approval for Kwyjibo rare-earth option
The Quebec project option could earn 60% and later 80% subject to conditions; the company also filed an amended preliminary assessment report.
Source review period: 2026-10-13
Published: · Updated:
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Nordique Critical Metals said on October 13 that the TSX Venture Exchange had granted final approval for its option agreement with SOQUEM on the Kwyjibo rare-earth project in Quebec. The agreement allows the company to earn an initial 60% interest, and potentially a further 20%, through staged payments and project investment if the required conditions are met.
The company described C$23.15 million in aggregate Phase I payments and project investment, followed by an additional C$22 million for Phase II. These interests have not yet been earned and depend on payments, share issuances and milestones including an impacts-and-benefits agreement, metallurgical work, permits and feasibility work. Nordique also filed an amended technical report supporting its preliminary economic assessment to clarify disclosure after exchange comments; it is not a feasibility study.
Data
Conditional option interests
Interest percentages the company may earn if option conditions are met.
| Potential interest after Phase I | 60 |
| Potential total interest after Phase II | 80 |
Methodology
Potential interests subject to the company satisfying option conditions; they are not current ownership percentages.
Updated:
Option consideration
Aggregate consideration and project investment described for each phase.
| Phase I aggregate payments and project investment | 23150000 |
| Additional Phase II aggregate payments and project investment | 22000000 |
Methodology
Company-reported figures; planned work is not presented as completed results.
Updated:
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