Mont Royal Resources Ltd. ( (AU:MRZ) ) has shared an update.
Mont Royal Resources Ltd has announced a merger with Commerce Resources Corp, creating a new Canadian-focused critical metals development company listed on both the ASX and TSXV. The merger will consolidate key assets, including the Ashram Rare Earth and Fluorspar Deposit and prospective niobium sites, enhancing the company’s project portfolio. This strategic move is expected to unlock significant value for shareholders by combining expertise and resources to advance the development of the Ashram Project and other exploration initiatives. The transaction, conditional on capital raising and shareholder approvals, aims to close by late July 2025, with Mont Royal shareholders owning 14.7% and Commerce shareholders 85.3% of the merged entity.
More about Mont Royal Resources Ltd.
Mont Royal Resources Ltd is an ASX-listed company focused on the exploration and development of critical minerals, particularly rare earths, fluorspar, niobium, and lithium. The company operates primarily in Quebec, Canada, with projects including the Northern Lights lithium, copper, and gold exploration initiatives.
YTD Price Performance: 2.50%
Average Trading Volume: 76,904
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$3.49M
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