Mont Royal Resources Advances Merger with Commerce Resources

Mont Royal Resources Ltd. ( (AU:MRZ) ) has shared an update.

Mont Royal Resources Ltd has announced that Commerce Resources Corp. has completed a non-brokered private placement of secured convertible notes, raising C$2.15 million. This funding is part of the planned merger between Mont Royal and Commerce, aimed at advancing their projects and re-complying with ASX listing rules. The merger is expected to be completed in Q3 2025, and Mont Royal is preparing necessary documentation, including a prospectus for a capital raising of A$8-10 million. The transaction is anticipated to strengthen Mont Royal’s position in the mining sector, particularly in the promising James Bay area.

More about Mont Royal Resources Ltd.

Mont Royal Resources Limited (ASX: MRZ) is an Australian company that holds a 75% stake in the Northern Lights Minerals tenement package, which spans 536 square kilometers in the Upper Eastmain Greenstone belt. This area, located in the James Bay region of Quebec, Canada, is known for its potential in lithium, precious metals such as gold and silver, and base metals including copper and nickel.

Average Trading Volume: 37,032

Technical Sentiment Signal: Sell

Current Market Cap: A$3.49M

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