Mont Royal Resources Limited press release
COMMERCE RESOURCES AND MONT ROYAL RESOURCES ENTER INTO ARRANGEMENT AGREEMENT TO CREATE A CANADIAN-FOCUSED CRITICAL MINERALS DEVELOPMENT COMPANY
TSXV - TSX Venture Exchange · Australia
Canada NewsWire
MONTREAL , April 11, 2025 /CNW/ -- Comme rce Resources Corp. (TSXV: CCE, FSE: D7H0) ("Commerce") is pleased to announce it has entered into a definitive agreement with Mont Royal Resources Limited (ASX: MRZ) (" Mont Royal ") to merge the two companies. Under the agreement, Mont Royal will acquire 100% of Commerce's issued and outstanding shares through a court-approved plan of arrangement under the Business Corporations Act ( British Columbia ) .
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The merger will create a Québec-focused critical minerals explorer and developer, combining Commerce's Ashram Rare Earth and Fluorspar Project and Eldor Niobium Project with Mont Royal's Northern Lights Lithium Project .
The newly combined entity will be dual-listed on the TSX Venture Exchange (TSXV) and the Australian Securities Exchange (ASX) , enhancing access to capital and liquidity. The merger also unites experienced leadership teams with strong track records in capital markets, project development, and operations.
To view full announcement: https://www.accessnewswire.com/newsroom/en/metals-and-mining/commerce-resources-and-mont-royal-resources-enter-into-arrangement-agreement-to-c-1012730
More Information: https://commerceresources.com/
SOURCE Commerce Resources Corp.
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