Mont Royal Resources surged 680% on ASX on strong investor interest in its Quebec rare earths project.

Mont Royal Resources jumped 680% to 25.5 cents on the ASX, driven by investor enthusiasm for its Ashram rare earths and fluorspar project in Quebec, which features a large, high-grade deposit and strong metallurgy. The company, recently relisted via a reverse takeover and raising $10 million, expects a C$2.6 million exploration tax rebate. Mount Ridley Mines rose 186% to 8.8 cents after appointing critical minerals executive Allistair Caird as CEO. Both stocks benefited from rising demand for critical minerals and concerns over Chinese export controls. Despite declines in major U.S. tech stocks like Nvidia and Palantir due to AI valuation concerns and interest rate pressures, gold and silver supported resource shares. The ASX small caps index reversed some earlier gains amid broader market caution.