# 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.

- Canonical URL: https://newsverum.com/en/news/nordique-kwyjibo-rare-earth-option-approval-october-2026
- Publisher: Newsverum
- Section: Business
- Country: Canada
- Published: 2026-10-15T19:00:45+00:00
- Updated: 2026-10-15T19:00:45+00:00
- Source review period: 2026-10-13
- Other editions: [Türkçe](https://newsverum.com/tr/news/nordique-kwyjibo-rare-earth-option-approval-october-2026.md), [العربية](https://newsverum.com/ar/news/nordique-kwyjibo-rare-earth-option-approval-october-2026.md), [Français](https://newsverum.com/fr/news/nordique-kwyjibo-rare-earth-option-approval-october-2026.md), [Español](https://newsverum.com/es/news/nordique-kwyjibo-rare-earth-option-approval-october-2026.md), [Deutsch](https://newsverum.com/de/news/nordique-kwyjibo-rare-earth-option-approval-october-2026.md), [Português](https://newsverum.com/pt/news/nordique-kwyjibo-rare-earth-option-approval-october-2026.md)

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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.

Methodology: Potential interests subject to the company satisfying option conditions; they are not current ownership percentages.

| Measure | Value |
|---|---|
| Potential interest after Phase I | 60 |
| Potential total interest after Phase II | 80 |

Sources: <https://www.globenewswire.com/news-release/2026/10/14/3380297/0/en/nordique-critical-metals-announces-tsxv-final-approval-for-its-acquisition-of-option-to-earn-up-to-80-interest-in-the-kwyjibo-rare-earth-project-in-qu%C3%A9bec-files-amended-2026-kwyjib.html> · Download data: [JSON](https://newsverum.com/api/v1/articles/nordique-kwyjibo-rare-earth-option-approval-october-2026/data/option-interest?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/nordique-kwyjibo-rare-earth-option-approval-october-2026/data/option-interest?lang=en&format=csv)

### Option consideration

Aggregate consideration and project investment described for each phase.

Methodology: Company-reported figures; planned work is not presented as completed results.

| Measure | Value |
|---|---|
| Phase I aggregate payments and project investment | 23150000 |
| Additional Phase II aggregate payments and project investment | 22000000 |

Sources: <https://www.globenewswire.com/news-release/2026/10/14/3380297/0/en/nordique-critical-metals-announces-tsxv-final-approval-for-its-acquisition-of-option-to-earn-up-to-80-interest-in-the-kwyjibo-rare-earth-project-in-qu%C3%A9bec-files-amended-2026-kwyjib.html> · Download data: [JSON](https://newsverum.com/api/v1/articles/nordique-kwyjibo-rare-earth-option-approval-october-2026/data/option-consideration?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/nordique-kwyjibo-rare-earth-option-approval-october-2026/data/option-consideration?lang=en&format=csv)

## Sources

- [Nordique Critical Metals Inc. (GlobeNewswire)](<https://www.globenewswire.com/news-release/2026/10/14/3380297/0/en/nordique-critical-metals-announces-tsxv-final-approval-for-its-acquisition-of-option-to-earn-up-to-80-interest-in-the-kwyjibo-rare-earth-project-in-qu%C3%A9bec-files-amended-2026-kwyjib.html>) (Source checked: 2026-10-15; Published: 2026-10-13)

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