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Mont Royal Resources Ltd. ( (AU:MRZ) ) has shared an update.
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.
More about Mont Royal Resources Ltd.
Mont Royal Resources Limited is an Australian company that owns a significant stake in the Northern Lights Minerals tenement package located in the Upper Eastmain Greenstone belt in Quebec, Canada. The company focuses on the exploration and development of lithium, precious metals like gold and silver, and base metals such as copper and nickel.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.49M
For a thorough assessment of MRZ stock, go to TipRanks’ Stock Analysis page.