Imaging spectrometry is a powerful tool among remote sensing techniques to analyze the chemical compositions and physical properties of the lunar regolith. Recalibration of the classical method byLucey and co-workers with Moon Mineralogy Mapper (M3) data provides an opportunity to understand the FeO, TiO2, and optical maturity distributions over the lunar nearside on a global scale. We estimated the chemical compositionsand optical maturity from the M3 spectral reflectance around the 1 µm region. The standard chemical compositions of the lunar landing sites were estimated based on origin optimization and data fitting. We obtained an optimized origin of (0.08, 1.18) for FeO and (0.07, 0.71) for TiO2. The Spectrophotometric evaluations of Catharina and Cyrillus craters, located in the lunar nearside are categorized under the matured category. The estimation results reveal that the FeO wt % of the Catharina crater varies from 0.0002 to 19.62, and that of the Cyrillus crater varies from 0.0001 to 12.32. TiO2wt% of Catharina crater varies from 0.01 to 86.12, while Cyrillus Crater varies from 0.01 to 4.34. The optical maturity (OMAT) of the Catharina crater varies from 0.0001 to 0.19 to that of the Cyrillus Crater Varies from 0.01 to 0.17. The overall summary of the results points out that lunar regolith is a fabulous repository of FeO and TiO2 and quantitatively this metal abundance may be more than the anticipated values.