Mont Royal Resources and Commerce Resources Announce Leadership Change Ahead of Merger

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

Mont Royal Resources Ltd has announced that Commerce Resources Corp. has appointed Nicholas Holthouse as President and CEO, effective June 1, 2025, ahead of their planned merger. The merger, expected to complete by late July, will create a critical minerals developer with a focus on rare earths, fluorspar, niobium, and lithium exploration. Holthouse’s extensive experience in the rare earths industry is anticipated to significantly benefit the merged entity’s operations and strategic positioning in the market.

More about Mont Royal Resources Ltd.

Mont Royal Resources Limited (ASX: MRZ) is an Australian company with a significant stake in the Northern Lights Minerals tenement package located in Quebec, Canada. The company focuses on exploring lithium, precious metals such as gold and silver, and base metals including copper and nickel. Commerce Resources Corp. is a junior mineral resource company focused on developing the Ashram Rare Earth and Fluorspar Deposit in Quebec, aiming to become a low-cost producer of rare earth materials.

Technical Sentiment Signal: Sell

Current Market Cap: A$3.49M

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