Mont Royal Resources (MRZ) Q3 2025 earnings summary

Executive summary

• Completed acquisition of Commerce Resources Corp, creating a dual-listed critical minerals company focused on Quebec, Canada.

• Principal assets include the Ashram Rare Earth and Fluorspar Deposit and a 75% stake in Northern Lights Minerals.

• Merger finalized on 21 October 2025, with integration of management and board.

Financial highlights

• Net loss for the quarter was $747,626, compared to a net loss of $259,887 for the same quarter last year.

• Total comprehensive loss attributable to members was $933,424, up from $434,321 year-over-year.

• Cash and cash equivalents at 30 September 2025 were $350,487, down from $1,651,415 a year earlier.

• Operating cash outflows were $426,449, compared to $300,676 in the prior year.

• Basic and diluted loss per share was 0.88 cents, compared to 0.31 cents last year.

Outlook and guidance

• The company completed a $10,000,000 capital raise as part of the merger, with funds received and trading resumed on ASX and TSXV.

• Ongoing business continuity depends on successful capital raising and exploration outcomes.