Mont Royal Resources Announces Amendments to Commerce Merger Agreement

An update from Mont Royal Resources Ltd. ( (AU:MRZ) ) is now available.

Mont Royal Resources Ltd has announced amendments to its merger agreement with Commerce Resources Corp, aiming to acquire 100% of Commerce’s shares through a court-approved Plan of Arrangement. The amendments include share consolidation details and changes to the capitalisation of Mont Royal, with the transaction expected to close by October 2025. This merger positions Mont Royal to expand its market presence, as its shares will trade on both the TSX-V and ASX, potentially enhancing its industry positioning and offering new opportunities for stakeholders.

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 in the Upper Eastmain Greenstone belt, Quebec, Canada. The company focuses on lithium, precious metals like gold and silver, and base metals such as copper and nickel. Commerce Resources Corp. is a junior mineral resource company developing the Ashram Rare Earth and Fluorspar Deposit in northern Quebec, aiming to be a low-cost producer of rare earth elements and a long-term supplier to global markets.

Technical Sentiment Signal: Sell

Current Market Cap: A$3.49M

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