07:42 AM EDT, 06/04/2025 (MT Newswires) -- Commerce Resources ( CMRZF ) overnight Tuesday said it appointed Nicholas Holthouse as president and chief executive, effective June 1.

The company said that following the completion of its proposed merger with Mont Royal Resources , expected by late July, Holthouse will also be appointed managing director of the merged entity and will be based in Montreal.

Holthouse is a mining engineer and resource industry executive with 36 years of senior corporate, operational, and project development experience, stated the company. He has focused on the global rare earths sector over the past seven years, including leadership roles as CEO of Meteoric Resources and chief operating officer of Hastings Technology Metals .

"Nicholas is an accomplished and highly regarded global mining executive and we are absolutely delighted to have secured someone of his experience and calibre to join the Commerce team," said Commerce Resources ( CMRZF ) Interim President and CEO Jeremy Robinson. "His vast rare earth industry executive and deep knowledge of rare earth markets, exploration and project development will serve us well as we complete our merger with Mont Royal Resources, list on the ASX and accelerate the development of our world-class Ashram Rare Earth and Fluorspar Project."