Commerce Resources Corp. is pleased to announce it has entered into a definitive agreement with Mont Royal Resources Ltd. to merge the two companies. Under the agreement, Mont Royal will acquire 100% of Commerce's issued and outstanding shares through a court-approved plan of arrangement under the Business Corporations Act . The merger will create a Québec-focused critical minerals explorer and developer, combining [...]
Not for distribution to United States news wire services or for dissemination in the United States Commerce Resources Corp. is pleased to announce that it has entered into a definitive arrangement agreement with Mont Royal Resources Ltd. dated April 9, 2025 to combine their respective businesses in a merger transaction, pursuant to which Mont Royal has agreed to acquire 100% of the issued and outstanding common shares of [...]
Commerce Resources Corp. , is pleased to announce that it has granted an aggregate of 2,500,000 incentive stock options to purchase up to 2,500,000 common shares of the Company to certain officers and consultants under its Equity Incentive Plan. The Options are exercisable for a period of three years from the date of Grant, expiring on March 18, 2028, at a price of $0.12 per Share. The options all vest immediately [...]
Commerce Resources Corp. advises that Mr Ross Carroll has terminated his employment with the Company by mutual agreement and will step down as President and Chief Executive Officer and as a member of the board of directors effective immediately. Mr. Jeremy Robinson, who is currently a non-executive Director, will assume the role of interim President and Chief Executive Officer to complete the Company's expected dual [...]
Commerce Resources Corp. is pleased to announce that it has received conditional approval for funding of up to a total of $2,606,977 CAD from Natural Resources Canada's Critical Minerals Infrastructure Fund , for progression of the access road to the company's wholly owned Ashram REE/ Fluorspar Deposit in Nunavik, Quebec. Highlights: Conditional funding approval up to C$2,606,977 from Natural Resources Canada as part of [...]
Commerce Resources Corp. is pleased to provide its shareholders with an update on the status of the Ashram Rare Earth Deposit and its development, including an overview of forecasted next steps, collectively referred to as the "Ashram Project". The Ashram Deposit is located approximately 130 km south of Kuujjuaq, in the Nunavik region of Quebec, and is held 100% by the Company with no underlying royalties. As a set of [...]
Commerce Resources Corp. announces a change to its Board of Directors. Mr. Jody Dahrouge resigned as a Director of the Commerce Resources board, effective December 20, 2024. Mr. Dahrouge has been a Director since January 2000. The board and everyone involved with Commerce wish to express their gratitude to Mr. Dahrouge for his exceptional commitment and invaluable contributions during his tenure as a director. Mr [...]
Highlights: Commerce Resources Corp. is excited to confirm significant niobium discoveries forming two high-grade trends surrounding the Ashram Rare Earth and Fluorspar Deposit, Eldor Property, Quebec, Canada. The 2024 niobium-focused drill program at Eldor has significantly expanded the niobium mineralized footprint, including the discovery of two new high-grade zones: the Northwest and Moira prospects. The Mallard [...]
Highlights Locked-cycle testing of the Ashram Deposit's flotation-only flowsheet has resulted in high-grade rare earth mineral concentrate at strong recovery. 36 to 37% REO1 at overall recoveries of 65 to 68%. Mineral concentrate grades compare favourably to historical and current hard rock global rare earth producers, of which 30% REO is the typical lowest grade concentrate produced. Results will be incorporated into a [...]
Highlights: Commerce Resources discovers significant niobium mineralization in first drill program at Knox Prospect: 96.5 m at0.51% Nb2O5 , including, 69.4 m at 0.61% Nb2O5 106.0 m at0.40% Nb2O5, including, 14.5 m at 0.60% Nb2O5, and 20.5 m at 0.60% Nb2O5 Mineralization remains open in all directions. Follow-up on initial drill testing completed at the Miranna Prospect has successfully extended mineralization starting [...]
Highlights: Commerce Resources confirms significant niobium mineralization with 122.5m at 0.62% Nb2O5 from near surface at the Mallard Prospect, Eldor Property, located within 2 km of the Company's globally significant Ashram Rare-Earth and Fluorspar Deposit, Quebec, Canada. Core assay results from the first seven drill holes of the 2024 program, which targeted the Mallard Prospect and Spoke Target, are reported herein [...]
Commerce Resources Corp. is pleased to announce that it has closed its previously announced non-brokered private placement offering of 16,000,000 units at a price of $0.126 per Unit for gross proceeds of up to $2,016,000 . Each Unit consists of one common share of the Company and one common share purchase warrant , with each Warrant entitling the holder to purchase one Share at a price of $0.25 per Share for a period of [...]
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