Ontario, Canada, October 9th, 2025, FinanceWire
NeoTerrex Minerals (“NeoTerrex”) has announced the advancement of its Monument Project, a rare earth elements (REE) exploration initiative located approximately 50 kilometres from the First Nations community of Waswanipi and within logistical proximity to the established Val-d’Or mining hub in northern Québec. The project is positioned adjacent to the Montviel REE deposit, one of the largest known carbonatite-hosted rare earth deposits in the province.
Covering nearly 3,000 hectares and accessible by road, the Monument Project is situated in a geologically favourable area that has seen limited historical exploration. Only two historical drill holes—originally targeting diamonds—confirmed the presence of carbonatite rock formations, which are recognized hosts for rare earth mineralization. However, the drill core was never assayed for rare earth elements, leaving the property’s potential largely untested.
A Modern Approach to an Old Mystery
In August 2025, NeoTerrex completed its maiden soil and till survey over the property, for which results are pending. A geophysical footprint on the property strongly echoes that of Montviel, with a cluster of electromagnetic anomalies riding over a magnetic-high feature. This could point not only to REE potential but also to possible massive sulphide targets—hinting at polymetallic upside that extends beyond rare earths.
Monument Project’s similarity to Montviel positions it within a proven geological corridor, yet its lack of systematic exploration gives it the allure of untapped potential. Montviel boasts a NI 43-101 resource of 183.9 million tonnes (“Mt”) grading 1.45% Total Rare Earth Oxides (TREO) Indicated and 66.7 Mt Inferred grading 1.46% TREO (SGS Canada, 2011) with niobium credits, while Monument Project’s story is just beginning.
Other nearby projects, such as the Pomme REE zone—where broad mineralized intercepts have returned 0.6% TREO over hundreds of metres—demonstrates that the area is prospective for additional discoveries and that Montviel may not be an isolated case. If the Monument Project can deliver results on par with Pomme, NeoTerrex could be holding the keys to a project with the scale and grade needed to fuel the next generation of clean-tech industries.
The Light Rare Earth Angle
While the global race for rare earths often spotlights the heavy rare earths needed for specialized electronics, light rare earths—particularly neodymium and praseodymium—are in equally high demand. These elements power the permanent magnets inside electric vehicle motors and wind turbines—technologies at the heart of the energy transition.
From Exploration to Permitting
NeoTerrex has submitted its application for drill permits, aiming to move from surface surveys to the kind of subsurface testing that will answer the project’s central questions: Is there rare earth mineralization there, how consistent it is, and whether it could be economically extracted.
For local communities, the project’s accessibility is also important. Monument Project benefits from road access, making exploration logistics more manageable and lowering barriers to future development. NeoTerrex has openly noted the value of engaging with First Nations stakeholders early, ensuring that local perspectives shape the work as it progresses.
Critical Minerals for Tomorrow
As the world scrambles to secure supply chains for the critical minerals that will drive electric vehicles, renewable energy, and advanced technologies, projects like the Monument Project are gaining strategic significance. NeoTerrex positions itself as more than a junior explorer: it is branding itself as a participant in “Critical Minerals for Tomorrow,” a vision that links Canadian geology to global demand.
The Monument Project remains in early-stage development, yet its location within a geologically prospective area of Québec positions it as a site of ongoing interest. Surrounded by a proven mineral district and supported by preliminary anomalies, the project is now undergoing modern exploration methods aimed at evaluating its rare earth element potential.
About The Monument Project
The Monument Project in northern Québec, near the Montviel REE deposit, spans 3,000 hectares and remains largely unexplored. Geophysical surveys suggest potential for REE mineralization, particularly light rare earths like neodymium and praseodymium, which are in demand for clean-tech industries.
Website: http://neoterrex.com