On April 9, 2025, Commerce Resources announced it had entered an agreement to be acquired by Mont Royal Resources, a mining company that engages in in the exploration of mineral properties in Canada. This acquisition will create a Québec-focused critical minerals developer and exploration company with a strong focus on rare earths, fluorspar, niobium and lithium exploration. The transaction will be a reverse takeover with shareholders of Commerce Resources holding approximately 85% of the shares of Mont Royal after giving effect to the transaction.
Commerce Resources Corp. is a junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located within their Eldor Property, in northern Québec.
Osler, Hoskin & Harcourt LLP advised Commerce Resources with a team consisting of Alan Hutchison, Minji Park and Vanessa Yee (Corporate).
Key Contact
Partner, Corporate, Vancouver
