Nordique Critical Metals (NQC.V) submitted the Kwyjibo Rare Earth Project's preliminary economic assessment (PEA) technical report and corresponding financial plan to the TSX Venture Exchange (TSXV), it said in a statement late Thursday.
The submissions of these reports are needed for the company to buy and exercise its option to earn an undivided interest of up to 80% in the Kwyjibo Rare Earth Project, subject to some conditions, it said.
Nordique is currently awaiting feedback from the TSXV on its submissions.
Shares of the company closed up 9% to CA$0.06 on Thursday on the TSXV.