Mont Royal Resources Limited (MRZL) Financings
TSXV: MRZL · REE, Fluorspar · Advanced Exploration stage
- Market cap$15.4M
- Share price$0.080
- 52-week range$0.080 – $0.400
- Shares outstanding192,493,084
- ExchangeTSXV
Mont Royal Resources Limited (ASX: MRZ) (TSXV: MRZL) is a critical minerals development and exploration company with projects in Quebec, Canada. The Company is dedicated to advancing its 100%-owned Ashram Rare Earth and Fluorspar Deposit in Nunavik, Quebec, Canada - one of the largest monazite-dominant carbonatite-hosted Rare Earth Elements deposits in North America. In addition, the Company owns 75% of Northern Lights Minerals 536km 2 tenement package located in the Upper Eastmain Greenstone belt. The projects are located in the emerging James Bay area, a Tier-1 mining jurisdiction of Quebec, and are prospective for lithium, precious (Gold, Silver) and base metals mineralisation (Copper, Nickel).
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Mont Royal Resources Limited financial statements
Key figures read from 39 of 40 financial statement filings, Feb 27, 2017 to Sep 24, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Jun 2026 | Jun 2025 | Oct 2024 | Oct 2023 | Oct 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$4,391,344 | C$10,165,403 | C$2,486,685 | C$3,954,990 | C$513,793 |
| Short-term investments | — | — | C$3,369 | C$5,616 | C$8,985 |
| Total current assets | C$7,210,973 | C$14,292,320 | C$3,981,568 | C$4,451,460 | C$1,821,273 |
| Total current liabilities | C$1,009,126 | C$4,666,167 | C$1,582,249 | C$476,442 | C$1,474,962 |
| Working capital | C$6,201,847 | C$9,626,153 | C$2,399,319 | C$3,975,018 | C$346,311 |
| Exploration and evaluation assets | C$56,995,474 | C$59,378,995 | C$50,600,034 | C$72,375,839 | C$70,844,756 |
| Property, plant and equipment | C$1,880 | C$2,006 | C$0 | C$268,741 | C$297,777 |
| Total assets | C$64,315,218 | C$73,811,172 | C$54,740,606 | C$77,287,736 | C$73,188,193 |
| Total liabilities | C$1,009,126 | C$4,683,814 | C$1,638,833 | C$571,033 | C$1,596,767 |
| Shareholders' equity | C$63,306,092 | C$69,127,358 | C$53,101,773 | C$76,716,703 | C$71,591,426 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Oct 2021 | |
|---|---|---|---|---|---|
| General and administrative | — | C$648,001 | C$462,453 | C$357,165 | C$445,427 |
| Share-based compensation | (C$583,256) | C$0 | C$346,899 | C$296,899 | C$374,234 |
| Impairments and write-downs | — | C$0 | (C$369,290) | — | — |
| Net income (loss) | (C$6,556,423) | (C$28,700,373) | (C$1,696,223) | (C$723,560) | (C$807,640) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Oct 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$2,005,856) | (C$2,321,652) | (C$509,690) | (C$774,137) | (C$2,362,938) |
| Investing cash flow | (C$2,394,570) | — | (C$2,480,515) | (C$4,308,488) | (C$3,310,823) |
| Financing cash flow | C$11,851,996 | C$6,722,243 | C$6,431,402 | C$2,335,115 | C$7,882,239 |
| Exploration spending (capitalized) | (C$2,992,806) | — | (C$2,480,515) | (C$4,308,645) | (C$3,310,823) |
| Property, plant and equipment spending | (C$2,006) | — | — | — | — |
| Proceeds from share issues | C$9,557,688 | — | — | — | — |
| Change in cash | C$7,451,570 | (C$1,468,305) | C$3,441,197 | (C$2,747,510) | C$2,208,478 |
| Cash at end of period | C$10,165,403 | C$2,486,685 | C$3,954,990 | C$513,793 | C$3,261,303 |
Mont Royal Resources Limited financings
4 financings announced or closed by Mont Royal Resources Limited, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-05-13 | Mont Royal Resources Limited (MRZL) | Convertible debenture, non-brokered | Closed, 1 tranche | $2.1M | — | Commerce Resources Announces Closing of C$2.15 Million Non-Brokered Private Placement of Secured Convertible Notes |
| 2024-06-11 | Mont Royal Resources Limited (MRZL) | Private placement, non-brokered | Closed, 1 tranche | $2.0M | $0.126 | Commerce Resources Corp. Announces Private Placement of up to 16,000,000 Units to Raise Gross Proceeds of up to $2,016,000 |
| 2024-06-06 | Mont Royal Resources Limited (MRZL) | Flow-through, non-brokered | Closed, 1 tranche | $5.0M | $0.180 | Commerce Resources Corp. Announces Private Placement of Flow-Through Units to Raise Gross Proceeds of up to $5,040,000 |
| 2023-09-18 | Mont Royal Resources Limited (MRZL) | Private placement, non-brokered | Closed, 1 tranche | $5.5M | $0.080 | Commerce Resources Corp. Announces Private Placement to Raise Gross Proceeds of up to $4,800,000 |
Mont Royal Resources Limited debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Mont Royal Resources Limited has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2025-05-13 | Convertible note / loan, closed / funded | — | C$2.15M | 20%, matures 2027-05-12 |