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The latest update is out from Mont Royal Resources Ltd. ( (AU:MRZ) ).
Mont Royal Resources Limited has announced a General Meeting to seek shareholder approval for its acquisition of Commerce Resources Corporation, a Canadian company focused on rare earth elements. This acquisition represents a significant change in Mont Royal’s operations, requiring compliance with ASX listing rules and a public offer to raise up to $10 million. The Board unanimously supports the transaction, which is expected to enhance the company’s market position in the rare earth elements sector.
More about Mont Royal Resources Ltd.
Mont Royal Resources Limited is a company listed on the Australian Securities Exchange (ASX:MRZ) that is involved in the exploration and development of resources. The company is expanding its focus to include rare earth elements through its acquisition of Commerce Resources Corporation, which holds a 100% interest in the Ashram Project in Quebec, Canada.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.49M
For detailed information about MRZ stock, go to TipRanks’ Stock Analysis page.