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Mont Royal Resources Ltd.
(Sydney:MRZ)
Mont Royal Resources Ltd. (MRZ) vs. iShares MSCI Australia ETF (EWA)
Mont Royal Resources Ltd. Business Overview & Revenue Model
Mont Royal Resources Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 0.00 | 0.00 | -2.63M | 37.53K | -13.46K | -357.00K |
| Net Income | -1.50M | -1.50M | -2.58M | -813.88K | -2.05M | -701.00K |
Balance Sheet | ||||||
| Total Assets | 7.56M | 7.56M | 8.66M | 9.60M | 9.58M | 2.96M |
| Cash, Cash Equivalents and Short-Term Investments | 776.94K | 776.94K | 2.08M | 2.26M | 4.39M | 2.47M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 327.15K | 327.15K | 81.96K | 611.89K | 157.85K | 26.37K |
| Stockholders Equity | 6.70M | 6.70M | 8.04M | 8.39M | 8.83M | 2.93M |
Cash Flow | ||||||
| Free Cash Flow | -1.05M | -1.95M | -3.21M | -2.73M | -2.95M | -1.15M |
| Operating Cash Flow | -907.42K | -1.28M | -787.53K | -675.13K | -977.10K | -694.41K |
| Investing Cash Flow | -67.60K | -24.06K | -1.44M | -1.45M | -1.97M | -454.89K |
| Financing Cash Flow | 0.00 | 0.00 | 2.05M | 0.00 | 4.87M | 0.00 |
Mont Royal Resources Ltd. Technical Analysis
Mont Royal Resources Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$5.64M | -2.31 | -99.05% | ― | ― | 37.65% | |
49 Neutral | AU$51.01M | -3.42 | -20.35% | ― | ― | 42.72% | |
46 Neutral | AU$5.21M | -1.97 | -41.07% | ― | -100.00% | -635.94% | |
46 Neutral | AU$13.34M | -2.01 | -37.42% | ― | ― | 3.65% | |
43 Neutral | AU$24.47M | -4.48 | -137.38% | ― | ― | 40.82% | |
40 Underperform | AU$14.93M | -0.85 | ― | ― | ― | 62.50% |
Mont Royal Resources Ltd. Corporate Events
Mont Royal Resources Ltd. has adopted a new company constitution, effective 26 November 2025, setting out comprehensive rules governing its share capital structure, shareholder rights and meetings, and board composition and conduct. The updated document details how shares and options may be issued, traded, and forfeited, regulates matters such as unmarketable parcels, restricted securities and employee incentive schemes, and formalises procedures for general meetings, voting, and director appointments and remuneration, providing a modernised governance framework aligned with listing rules and reinforcing protections and clarity for investors and other stakeholders.
The most recent analyst rating on (AU:MRZ) stock is a Hold with a A$0.28 price target. To see the full list of analyst forecasts on Mont Royal Resources Ltd. stock, see the AU:MRZ Stock Forecast page.
Mont Royal Resources Ltd has announced the recommencement of metallurgical flotation test work for its Ashram REE and Fluorspar Project, engaging Auralia Metallurgy Pty Ltd to optimize the process. The program aims to enhance the existing flowsheet, building on previous successful results, and explore the potential inclusion of a commercial fluorspar concentrate as a high-value by-product. This initiative is expected to de-risk technical aspects of the project and improve its economic viability, with implications for advancing through study phases and potentially incorporating new processing technologies.
Mont Royal Resources Ltd announced the results of its Annual General Meeting held on November 26, 2025, where all resolutions were passed except for Resolution 5. Special resolutions included the approval of a 10% placement facility, an amendment to Article 2.1 of the Constitution, and a change of the company name, reflecting strategic adjustments to enhance operational flexibility and corporate identity. The rejection of Resolution 5, which proposed an amendment to Article 6.1 of the Constitution, indicates shareholder resistance to certain governance changes.
Mont Royal Resources Ltd has appointed Altris Engineering to lead an updated Preliminary Economic Assessment (PEA) for its Ashram Rare Earth and Fluorspar Project in Quebec, Canada. Altris will conduct a Gap Analysis to refine the project, aiming to reduce technical risks and capital costs. The updated PEA is expected to be completed by the end of Q1 2026. This strategic move is intended to enhance the project’s economic viability and support Mont Royal’s development path, reflecting the company’s commitment to advancing a significant source of critical rare earth supply amid growing Western demand.
Mont Royal Resources Ltd has announced its status as a foreign reporting entity in Canada following its acquisition of Commerce Resources Corp. This acquisition necessitates compliance with Canadian reporting obligations, leading to the filing of a quarterly financial report with SEDAR. This move is significant for Mont Royal’s operational and market positioning, as it expands its presence in the critical minerals sector, particularly in North America, and aligns with its strategic focus on developing substantial mineral deposits in Quebec.
Mont Royal Resources Ltd has successfully re-listed on the Australian Securities Exchange following a merger with Commerce Resources, focusing on the Ashram Rare Earth Project in Québec. The company is prioritizing infrastructure development, stakeholder engagement, and metallurgical optimization to enhance the project’s status in the REE supply chain. The Managing Director has relocated to Montréal to support local operations, and the company is working closely with Indigenous groups and government bodies to secure infrastructure support and optimize project development.
Mont Royal Resources Limited has announced a change in the director’s interest, specifically involving Jeremy Robinson. The change includes the acquisition of 2,528,497 fully paid ordinary shares and the disposal of an equal number of options exercisable at $0.172, which expired on October 30, 2025. This adjustment in the director’s holdings reflects a strategic move to consolidate shares, potentially impacting the company’s stock structure and signaling confidence in its future prospects.
Mont Royal Resources Limited has released an investor presentation regarding the Ashram Rare Earths Project in Canada, highlighting the project’s potential and ongoing developments. The company confirms that there are no new material changes affecting the previously reported mineral resource estimates and exploration results. This announcement reinforces Mont Royal’s commitment to advancing its projects and maintaining transparency with stakeholders, potentially impacting its market positioning and investor confidence.
Mont Royal Resources Ltd has announced a live investor webinar hosted by Managing Director Nick Holthouse, scheduled for November 6, 2025. The webinar will provide an overview of the company’s Ashram Rare Earth and Fluorspar Project in Québec, Canada, and discuss the strategic significance of the project in the context of growing Western demand for critical minerals. This follows Mont Royal’s recent merger with Commerce Resources Corp., positioning the company as a dual-listed, Canadian-focused critical minerals entity. The Ashram Project is highlighted as a significant opportunity to supply rare earth elements amid increasing global supply chain independence efforts.
Mont Royal Resources Ltd has successfully re-listed on the Australian Securities Exchange following a merger with Commerce Resources Corp, creating a dual-listed, Canadian-focused critical minerals developer. This merger positions Mont Royal to advance the Ashram Rare Earth and Fluorspar Project, a significant asset in North America’s critical minerals supply chain, at a time of increasing demand for Western supply sources. The company is well-funded with a strong leadership team, aiming to leverage its strategic assets to meet the growing global need for rare earths.
Mont Royal Resources Limited, listed on the Australian Securities Exchange under the ticker MRZ, has announced the lifting of its trading suspension. The company’s securities will resume trading on November 5, 2025, following its compliance with the ASX Listing Rules, which suggests a positive step towards stabilizing its market presence.
Mont Royal Resources Ltd has successfully raised A$10 million through its Public Offer and completed the consolidation of its issued capital, which is a significant step in its strategic financial restructuring. The company has also received waivers from ASX listing rules to issue options and performance rights, which are intended to incentivize key personnel and align with the company’s strategic goals following recent transactions.
Mont Royal Resources Ltd. has released its top holders grouped report for its ordinary fully paid shares and escrowed shares. The report highlights that Odyssey Trust Company holds a significant 52.71% of the company’s issued capital, indicating a strong concentration of ownership. This level of ownership concentration may impact the company’s decision-making processes and shareholder dynamics.
Mont Royal Resources Ltd. has released a holdings range report detailing the distribution of its ordinary fully paid shares and escrowed shares. The report reveals that a significant majority of shares, 89.58%, are held by a smaller number of holders with over 100,000 shares each, indicating a concentrated ownership structure. This distribution could impact the company’s market dynamics and influence shareholder decisions.
Mont Royal Resources Ltd. has implemented a policy to regulate the trading of its securities by directors, officers, employees, consultants, and contractors. This policy aims to prevent insider trading and ensure high standards of corporate conduct, thereby maintaining market confidence in the company’s operations. The policy outlines specific blackout periods during which designated persons are prohibited from trading company securities, aligning with legal obligations under Australian and Canadian laws.
Mont Royal Resources Ltd. has released its consolidated financial statements for the fiscal years ending October 31, 2023, and 2022, which have been audited by an independent auditor. The report indicates that the company has not yet achieved profitable operations and has accumulated losses, raising concerns about its ability to continue as a going concern. A key audit matter highlighted was the assessment of impairment indicators of exploration and evaluation assets, requiring significant judgment from management.
Mont Royal Resources Limited has adopted a new constitution as approved by its shareholders on November 24, 2022. This adoption, effective immediately, outlines the company’s operational framework, including the issuance and management of shares, transfer of shares, and the proceedings of member meetings. The new constitution aims to streamline corporate governance and enhance operational efficiency, potentially impacting shareholder engagement and company transparency.
Mont Royal Resources Ltd. has submitted an application to be listed on the ASX, ensuring compliance with the JORC Code for reporting exploration results, mineral resources, and ore reserves. The application includes an Independent Geologist’s Report and confirms that all technical information is prepared by competent persons, with no conflicts of interest disclosed. This listing aims to enhance the company’s visibility and credibility in the mining sector, potentially attracting more investors and stakeholders.
Mont Royal Resources Limited has submitted an application for admission to the ASX official list, marking a significant step in its strategic expansion. The company is also planning to list on the TSX-V post-merger with Commerce Corporation Corp, which indicates a broader market focus and potential growth opportunities in the Canadian exploration sector.
Mont Royal Resources Limited has applied for admission to the ASX Official List, seeking to list 191,142,080 fully paid ordinary shares. This move is expected to enhance the company’s visibility and access to capital markets, potentially strengthening its market position and offering new opportunities for stakeholders.
Mont Royal Resources Limited is set to have its securities reinstated to quotation on the ASX on November 5, 2025, after meeting re-compliance requirements. The company successfully raised $10 million through the issuance of 50 million shares at $0.20 each, signaling a positive step in its financial and operational strategy. This move is expected to enhance its market presence and provide opportunities for growth, benefiting stakeholders and positioning the company favorably within the mining industry.
Mont Royal Resources Ltd has completed a transformational merger with Commerce Resources Corp, creating a Canadian-focused critical minerals company listed on both the ASX and TSX-V. This merger positions Mont Royal as a significant player in the rare earths sector, with a strong focus on the Ashram Rare Earth and Fluorspar Deposit in Québec. The company has successfully raised A$10 million to support its development activities and is set to re-commence trading on the ASX. The merger aligns with the growing demand for rare earths outside of China, providing Mont Royal with a strategic advantage in the market.
Mont Royal Resources Limited has announced the appointment of Cameron Henry as a director, effective October 22, 2025. As part of his appointment, Henry holds a significant number of securities, including director options and performance share units (PSUs), which are escrowed for two years from issuance. This move is likely to impact the company’s strategic direction and governance, potentially influencing its market position and shareholder value.
Mont Royal Resources Limited has announced a change in the interests of its director, Ronald Hugh Beevor, in the company’s securities. The change involves the acquisition of various options and performance share units (PSUs) as part of an incentive plan, which were approved by shareholders at a general meeting. This adjustment in director’s interests reflects the company’s ongoing efforts to align its leadership incentives with shareholder interests, potentially impacting the company’s governance and strategic direction.
Mont Royal Resources Ltd has announced its Annual General Meeting (AGM) will be held on November 26, 2025, in Subiaco, WA. Shareholders are encouraged to participate by voting online or via proxy forms, with instructions provided for accessing meeting documents digitally. This move reflects the company’s adaptation to digital communication methods, potentially increasing shareholder engagement and operational efficiency.
Mont Royal Resources Ltd has completed a merger with Commerce Resources, creating a Canadian-focused critical minerals company with a strong emphasis on the Ashram Rare Earth and Fluorspar Project. This merger positions Mont Royal as a significant player in the rare earths sector, aiming to establish a new source of rare earths supply in North America amid growing demand. The company has secured A$10 million in capital raising to support development activities and strategic engagement, and its shares are expected to resume trading on the ASX and commence trading on the TSXV.
Mont Royal Resources Ltd announced that shareholders of Commerce Resources Corp. have approved a special resolution for a plan of arrangement, facilitating a merger between the two companies. This merger will allow Mont Royal to acquire all outstanding shares of Commerce, enhancing its position in the mining sector by combining resources and expertise, particularly in rare earth elements and fluorspar, which are critical for global supply chains.