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Kwyjibo Project

A World-Class Rare Earth Project in Quebec

Project Summary

Rare Earth Development in Québec

The Kwyjibo Project is a significant rare earth deposit located on Québec’s Côte-Nord, strategically positioned to meet growing global demand for critical minerals essential to the energy transition and advanced technologies.

Project Highlights

Underground Mine

Located at Kwyjibo
(2,67 ha)

Hydromet Plant

Located at Sheldrake
(11,86 ha)

Surface footprint reduced
(2026 vs 2018 PEA)

10x smaller (Mine)
15% less (Hydromet Plant)

Mineral Resources

8,48 Mt @ 2,45 % TREO Measured + Indicated

TREO Production

Neodymium (Nd) · Praseodymium (Pr) · Dysprosium (Dy) · Terbium (Tb) · Yttrium (Y)

45% of Kwyjibo TREO
92% of Project Revenue

10 years

Initial mine life

~300

Direct operating jobs

~900

Indirect jobs

~700

Construction jobs

Priority to Local Communities

Priority for local training, hiring and procurement

Kwyjibo • Project Economics

Strong PEA economics supported by a compact, infrastructure-led project concept.

46.5 %

PRE-TAX IRR

35.4 %

AFTER-TAX IRR

2 yr

AFTER-TAX PAYBACK

10 yr

MINE LIFE

~ 9.8 kt/y

AVERAGE TREO PRODUCTION

17.5 CAD $/kg TREO

KWYJIBO PROJECT OPERATING COSTS

79.58 CAD $/kg TREO

RARE EARTH OXIDE PRICE

~ 35 MW

ESTIMATED PROJECT POWER

SOURCE: 2026 PEA STUDY FOR THE KWYJIBO PROJECT PREPARED FOR NORDIQUE CRITICAL METALS INC. BY DRA AMERICAS INC.

Kwyjibo • Two-Site Development Concept

1. KWYJIBO UNDERGROUND MINE SITE
Underground mine • 2.67 ha surface platform

2.HYDROMET COMPLEX (SHELDRAKE)
Crushing • Concentration • Hydrometallurgy • 11.86 ha

ACCESS ROAD
Dedicated 144 km road connecting both sites

NO SURFACE TAILINGS

˃ Mine site: No surface tailings storage.

˃ Processing plant: Engineering assessment underway to eliminate surface tailings storage.

˃ Underground return: Targeting the return of all project residues underground as cemented paste backfill, at concentrations comparable to those naturally present in the rock before mining.

Click map to enlarge.

SOURCE: 2026 PEA STUDY FOR THE KWYJIBO PROJECT PREPARED FOR NORDIQUE CRITICAL METALS INC. BY DRA AMERICAS INC.

Kwyjibo • Mineral Resource Estimate for Josette Combined Zones

Click to enlarge

MINERAL RESOURCE ESTIMATE SUMMARY | EFFECTIVE JUNE 25, 2026
SOURCE: 2026 PEA STUDY FOR THE KWYJIBO PROJECT PREPARED FOR NORDIQUE CRITICAL METALS INC. BY DRA AMERICAS INC.

Kwyjibo • Compact Underground Mine • Initially Mining Josette Northeast

Click to enlarge

SOURCE: 2026 PEA STUDY FOR THE KWYJIBO PROJECT PREPARED FOR NORDIQUE CRITICAL METALS INC. BY DRA AMERICAS INC.

Kwyjibo • Rare Earth Distribution (Source: Adamas Intelligence)

Click to enlarge

Kwyjibo • Project Production | Costs | Economics

Click to enlarge

MINERAL RESOURCE ESTIMATE SUMMARY | EFFECTIVE JUNE 25, 2026
SOURCE FOR PRODUCTION, COSTS, ECONOMICS : 2026 PEA STUDY FOR THE KWYJIBO PROJECT PREPARED FOR NORDIQUE CRITICAL METALS INC. BY DRA AMERICAS INC.

Kwyjibo • Mine Surface Footprint (2.67 ha)

Click map to enlarge.

SOURCE: 2026 PEA STUDY FOR THE KWYJIBO PROJECT PREPARED FOR NORDIQUE CRITICAL METALS INC. BY DRA AMERICAS INC.

Kwyjibo • Mine Surface Footprint (2.67 ha) vs Place Sept-Iles (5.78 ha)

Click map to enlarge.
Click map to enlarge.

SOURCE: 2026 PEA STUDY FOR THE KWYJIBO PROJECT PREPARED FOR NORDIQUE CRITICAL METALS INC. BY DRA AMERICAS INC.

Kwyjibo • Hydrometallurgical Complex (11.86 ha)

Click map to enlarge.

SOURCE: 2026 PEA STUDY FOR THE KWYJIBO PROJECT PREPARED FOR NORDIQUE CRITICAL METALS INC. BY DRA AMERICAS INC.

Kwyjibo • Hydrometallurgical Complex Footprint (11.86 ha) vs. Pointe-Noire Aluminum Smelter (70 ha)

Click to enlarge

SOURCE: 2026 PEA STUDY FOR THE KWYJIBO PROJECT PREPARED FOR NORDIQUE CRITICAL METALS INC. BY DRA AMERICAS INC.

Kwyjibo • Processing & Separation of Rare Earths

Click to enlarge

SOURCE (PROCESSING): 2026 PEA STUDY FOR THE KWYJIBO PROJECT PREPARED FOR NORDIQUE CRITICAL METALS INC. BY DRA AMERICAS INC.
SOURCE (HYDROMETTALURGY): SMH PROCESSING (ERIC LAROCHELLE)

Kwyjibo • Simplified Processing Flowchart

Click to enlarge
Click to enlarge

SOURCE (PROCESSING): 2026 PEA STUDY FOR THE KWYJIBO PROJECT PREPARED FOR NORDIQUE CRITICAL METALS INC. BY DRA AMERICAS INC.
SOURCE (HYDROMETTALURGY): SMH PROCESSING (ERIC LAROCHELLE)

Kwyjibo • From PEA To Feasibility Technical Report

2026

PEA UPDATE

Technical concept + design
basis

2026–27

FIELD + TESTWORK + FINANCING + COMMUNITY CONSULATION

Baseline, metallurgy,
geochemistry,
hydrogeology

2027

FEASIBILITY

Engineering + updated
economics

2027+

PERMITTING

Environmental review +
consultation

NEXT

PROJECT DELIVERY

Infrastructure +
construction subject to
approvals

Nordique prioritizes ongoing consultation with Innu and local communities to help plan, monitor, and operate the Project, while identifying mutually beneficial opportunities and partnerships.

Kwyjibo • Nearterm Project Milestones

  • Ratification of Definite Agreement with SOQUEM (COMPLETED)
  • Completion of Preliminary Economic Assessment to evaluate technical, economic, and enviromental viability of the Project in 2030 (COMPLETED)
  • Consultations with the Innu of Takuaikan Uashat mak Mani-utenam, the Innu of Ekuanitshit, the Municipality of Rivière-au-Tonnerre (2026-27)
  • Completion of Metallurgical study to confirm environmental viability of extraction and processing of rare earth in (2026-27)
  • Environmental permitting from the Bureau d’accélération de Projets (2027)
  • Completion of bankable feasibility study to evaluate the technical and economic viability of the Project (2027)
  • Infrastructure and project construction: Access road, Electrical transmission line, telecommunication line, Underground mine, and Processing Facility construction (2027-2030)

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