Nicholas Holthouse Appointed CEO of Commerce Resources Corp.

Commerce Resources Corp. has announced the appointment of Nicholas Holthouse as President and CEO, effective June 1, 2025. Mr. Holthouse brings extensive international experience in rare earth exploration and development. He previously held senior roles with Meteoric Resources and Hastings Technology Metals. His expertise aligns with Commerce's strategic goals.

Following the anticipated merger with Mont Royal Resources, scheduled for completion by late July, Mr. Holthouse will also assume the role of Managing Director of the merged entity. He will operate from Montreal, contributing his vast knowledge to advance the company's exploration programs.

Mr. Holthouse's previous achievements include leading Meteoric Resources through significant project stages and overseeing the development of rare earth projects. This background supports Commerce's ambition to progress its Ashram Rare Earths & Fluorspar Project in Canada and explore additional resources.