# Nordique Critical Metals Gets TSXV Approval for Rare Earth Project

> Nordique Critical Metals secures TSXV approval to acquire up to 80% interest in Québec's Kwyjibo Rare Earth Project.
- Title: Nordique Critical Metals Gets TSXV Approval for Rare Earth…
- Summary: Nordique Critical Metals secures TSXV approval to acquire up to 80% interest in Québec's Kwyjibo Rare Earth Project. Nordique Critical Metals received final…
- Keywords: nordique critical metals, tsxv, kwyjibo rare earth project, quebec, soquem, investissement québec, rare earth project, acquisition, option to earn, 80% interest, phase i option, phase ii option
- Source: Financialpost — https://financialpost.com/globe-newswire/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-quebec-files-amended-2026-kwyjibo-pea-report-2
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- Topics: nordique critical metals, tsxv, kwyjibo rare earth project, quebec, soquem, investissement québec, rare earth project, acquisition, option to earn, 80% interest, phase i option, phase ii option
## Nordique Critical Metals Announces TSXV Approval
Nordique Critical Metals Inc. received final TSXV approval for its acquisition of an option to earn up to 80% interest in Québec's Kwyjibo Rare Earth Project.
## Transaction Terms Set
The deal terms include payments of C$23.15m over five years to earn 60% interest in the project.
## Phase I Option Details
NQC earns 60% interest through cash payments, share issuances, and project investments totaling C$23.15m.
## Phase I Investment Requirements
Investments include impacts and benefits agreements, metallurgical studies, environmental permits, drilling campaigns, and feasibility studies.
## Phase II Option Details
NQC may earn an additional 20% interest through payments of C$22.00m over three years.
## Phase II Investment Requirements
Investments include feasibility study completion, access road construction, electrical transmission lines, underground mines, and processing facilities.
## Joint Venture Formation
After Phase I, NQC and SOQUEM will form a joint venture to develop the Kwyjibo Rare Earth Project.
## Key takeaway

Nordique Critical Metals received final TSXV approval for its acquisition of an option to earn up to 80% interest in Québec's Kwyjibo Rare Earth Project.