Toronto, Ontario — January 12, 2026 — Leads & Copy — Quebec Rare Earth Elements Corp. has entered into an option agreement to acquire the Moose REE Project, according to a news release issued Jan. 12.
The Moose REE Project is a 7km diameter circular magnetic anomaly with a central magnetic core of 2 km in diameter. The company believes that both the ringed edges of the anomaly and the central magnetic core are highly prospective for Rare Earth Elements.
Minimal work has been done to date, but one sample taken by the vendor in 2025 returned 6.17% TREO of which 20.8% was NdPr oxides.
The Moose REE Project, located 240 km east of Val d’Or and 45km north of Parent, Quebec, covers 5,324 Ha (53.2 sq. km). The Property has good road access via well-maintained forestry roads heading north from Parent.
The anomaly shows minimal outcropping, mainly along the northern and southern rims. Some undeformed angular blocks were sampled to the south of the anomaly along the glacial train and were identified as nepheline syenites, often associated with carbonatites.
Considering the lack of significant outcrop and the results of the high-quality magnetic survey, the Moose REE Project is drill ready. An airborne spectrometry survey is planned to better establish the different phases within the anomaly and determine the most prospective areas for a targeted drill program in 2026. If the initial drill program is successful, the geology suggests that a maiden 43-101 resource could be completed as early as 2028.
Under the terms of the Option Agreement, the Company may exercise the Option to acquire a 100% interest in the Property upon completion of the following option payments:
On the fifth business day of the date hereof, the Company shall issue 250,000 common shares of the Company to the Optionor.
On or before the first anniversary of the date of the Option Agreement, the Company shall make a cash payment of $30,000 to the Optionor and issue the Optionor 125,000 Common Shares.
On or before the second anniversary of the date of the Option Agreement, the Company shall make a cash payment of $50,000 to the Optionor and issue the Optionor 200,000 Common Shares.
On or before the third anniversary of the date of the Option Agreement, the Company shall make a cash payment in the amount of $75,000 to the Optionor and issue the Optionor 250,000 Common Shares.
In addition, in the event that the Company obtains a resource calculation, preliminary economic assessment study, pre-feasibility study or feasibility study prepared by an independent qualified person in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects, the Company shall make a cash payment in the amount of $200,000 to the Optionor within a period of 120 days of its public disclosure.
The scientific and technical disclosure included in this news release have been reviewed and approved by Richard Roy, P.Geo who is the Qualified Person as defined by NI 43-101. Mr. Roy is a Director and Technical Advisor of the Company.
Quebec Rare Earth Elements Corp. (QREE) is a mining exploration and development company focused on Rare Earth Elements (REE), primarily in the favourable mining jurisdiction of Quebec. QREE is listed on the Canadian Securities Exchange under the symbol “QREE”.
Benoit Desormeaux, CPA
President & Chief Executive Officer
Email: info@QREE.ca
(416) 787-2442
Source: Quebec Rare Earth Elements Corp.
