Mont Royal Resources Limited (ASX: MRZ) (“Mont Royal”) and Commerce Resources Corp. (“Commerce”) (TSXV: CCE,OTC:CMRZF, FSE: D7H0, OTC: CMRZF) is pleased to announce, further to the new release dated October 21, 2025 announcing the successful completion of the merger transaction between Mont Royal and Commerce pursuant to the definitive agreement dated April 8, 2025, as amended on July 29, 2025 (the “Transaction”), that the reinstatement of Mont Royal common stock (“Mont Royal Shares”) on the Australian Securities Exchange (“ASX”), the listing of the Mont Royal Shares on the TSX Venture Exchange (“TSXV”) and the delisting of the common shares of Commerce (“Commerce Shares”) from the TSXV are expected to occur in early November 2025. The Mont Royal shares are expected to be restored to trading on the ASX under the symbol “MRZ” and listed on the TSXV under the trading symbol “MRZL”. It is expected that the Trading Shares will subsequently be delisted from the OTC and FSE.
Issued capital
Following the completion of the transaction, there are 189,964,587 Mont Royal shares issued and outstanding, including 1,220,256 Mont Royal shares issued for settlement. $430,000 of accrued interest in respect of Handel’s convertible bonds issued on May 12, 2025.
About Mont Royal Resources Limited.
Mont Royal Resources Limited is an Australian focused on the development of the Ashram Rare Earth and Fluorspar Deposit, located within their Eldor property, in the north of Quebec, Canada. The Ashram Deposit is characterized by simple mineralogy of rare earth elements (monazite, bastnaesite, xenotime) and gangues (carbonates), a large tonnage resource of favorable quality, and has demonstrated production of high-quality (over 30 – 45% TREO) mineral concentrates with high recoveries (over 60 – 75%) in line with active global producers. Mont Royal also owns 75% of the Northern Lights Minerals tenement package, located in the Upper Eastmain Greenstone belt. The projects are located in the emerging region James Bay area, a Tier-1 mining jurisdiction of Quebec, Canadaand are forward-looking for the mineralization of lithium, precious (gold, silver) and base metals (copper, nickel).
For more information, please visit the company website: www www.montroyalres.com.
On behalf of the Board of Directors
MONT ROYAL RESOURCES LIMITED.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release contains forward-looking statements, including any information regarding activities, events or developments that Mont Royal believes, expects or anticipates that this will or may happen in the future. Forward-looking statements in this press release include statements regarding the expectation that the Mont Royal shares will be dual-listed on the ASX and TSXV and that the trading shares will subsequently be delisted from the TSXV, OTC and FSE. These forward-looking statements are subject to a variety of risks, uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could alter or prevent the realization of these events, activities or developments include, but are not limited to: failure to satisfy listing or delisting conditions, or other risks described herein and from time to time in the public documents issued by Mont Royal. Although Mont Royal has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. These forward-looking statements are based on our current expectations, estimates, forecasts and projections about our business and the industry in which we operate, and the beliefs and assumptions of management, including the non-occurrence of the risks and uncertainties described above and in the public filings of Mont Royal or other events that occur outside our normal course of business, and are not guarantees of future performance or development and involve known and unknown risks, uncertainties and other factors that in some cases are beyond our control. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof Mont Royal assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
SOURCE Commerce Resources Corp.; Mont Royal Springs
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