Commerce Resources Corp. has announced the appointment of Nicholas Holthouse as President and CEO, effective June 1, 2025, as part of its strategic merger with Mont Royal Resources Limited. The merger, expected to complete by late July, will see Mr. Holthouse also appointed as Managing Director of the merged entity. With extensive experience in rare earth exploration and development, Mr. Holthouse's leadership is anticipated to advance Commerce's flagship Ashram Rare Earths & Fluorspar Project in Canada and explore further opportunities in niobium, lithium, copper, and gold assets. The announcement follows a previous notice dated April 10, 2025, indicating the proposed merger.
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