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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 | -907.79K | -1.28M | -787.53K | -675.13K | -977.10K | -694.41K |
| Investing Cash Flow | -67.56K | -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% | |
49 Neutral | AU$45.24M | -2.86 | -20.35% | ― | ― | 42.72% | |
48 Neutral | AU$25.41M | -4.31 | -137.38% | ― | ― | 40.82% | |
46 Neutral | AU$4.84M | -1.98 | -99.05% | ― | ― | 37.65% | |
46 Neutral | AU$5.21M | -1.80 | -41.07% | ― | -100.00% | -635.94% | |
46 Neutral | AU$13.34M | -2.01 | -37.42% | ― | ― | 3.65% | |
41 Neutral | AU$12.64M | -0.72 | ― | ― | ― | 62.50% |
Mont Royal Resources Ltd. Corporate Events
Mont Royal Resources Limited has released an updated corporate governance statement as at 30 January 2026, confirming that its practices largely align with the ASX Corporate Governance Council’s 4th Edition Principles and Recommendations, with a small number of exceptions the board deems not appropriate for the company’s circumstances. The board has formally adopted and disclosed a board charter that clearly defines the respective roles and responsibilities of directors and management, and specifies key decisions that must receive board approval, reinforcing oversight of major corporate actions such as share issues, significant asset transactions, and strategic business changes.
The most recent analyst rating on (AU:MRZ) stock is a Hold with a A$0.25 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 will hold a live investor webinar on 3 February 2026, led by managing director Nick Holthouse, to brief investors, shareholders and media on recent developments at its Ashram Rare Earth and Fluorspar Project in Québec and to outline expected news flow and milestones for the year. The session will focus on the strategic importance of the newly announced non-binding memorandum of understanding with the Saguenay Port Authority, which is intended to support the company’s development strategy for Ashram, and will also recap key points from the December quarterly report, underscoring Mont Royal’s post-merger positioning as an emerging North American supplier of critical rare earths amid growing Western demand and supply-chain diversification efforts.
The most recent analyst rating on (AU:MRZ) stock is a Hold with a A$0.25 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 has signed a non-binding memorandum of understanding with the Saguenay Port Authority in Québec to establish a logistics and processing hub for its Ashram Rare Earths Project. The agreement envisages locating a hydrometallurgical facility within the Port of Saguenay’s industrial zone, leveraging its year-round port, road and rail connections, utilities and skilled local workforce to process imported rare earth concentrates and export intermediate products. By shifting the more complex processing offsite to an established industrial hub that is central to Canada’s Northern Corridor strategy, Mont Royal aims to reduce technical risk and capital costs while reinforcing Québec’s positioning as a strategic player in the critical minerals supply chain and creating potential economic and employment benefits for the Saguenay–Lac‑Saint‑Jean region.
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 Limited has announced the cessation of two tranches of unexercised listed options, with more than 12.2 million options expiring in December 2025 at strike prices of $0.538 and $0.624, respectively. The expiry of these options without conversion modestly simplifies the company’s capital structure by reducing potential future dilution for existing shareholders, although it also removes a prospective source of equity capital that would have been raised had the options been exercised.
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 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.