Commerce Resources Corp. announces that is has filed on SEDAR+ a technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects titled "Mineral Resource Estimate for the Ashram Rare Earth Element and Fluorspar Deposit, Nunavik, Québec, Canada". This filing follows the May 22, 2024 announcement [...]
Commerce Resources Corp. is pleased to announce that it has closed its previously announced non-brokered private placement of 28,000,000 flow-through units at a price of $0.18 per FT Unit for aggregate gross proceeds of $5,040,000 . Each FT Unit consists of one common share in the capital of the Company and one transferable common share purchase [...]
Commerce Resources Corp. is pleased to announce, further to its news release dated May 21, 2024, that it has completed the sale of its interest in certain mineral claims comprising the "Blue River" property located near Blue River, British Columbia and certain real property owned by the Company also located in Blue River, B.C. ., to an arm's length [...]
Commerce Resources Corp. is pleased to announce a non-brokered private placement offering consisting of the issuance of up to 16,000,000 units at a price of $0.126 per Unit for gross proceeds of up to $2,016,000 . Each Unit will consist of one common share of the Company and one common share purchase warrant , with each Warrant entitling the holder [...]
June 6, 2024 - Commerce Resources Corp. is pleased to announce a non-brokered private placement offering of up to 27,777,777 charity flow-through shares at a price of $0.18 per FT Share for aggregate gross proceeds of up to $5,000,000 . The FT Shares are being issued pursuant to a charity arrangement structured by Peartree Securities Inc. The [...]
Commerce Resources Corp. is pleased to announce that planning is underway for a diamond drill program at their wholly owned Eldor Property, targeting further delineation of niobium mineralization at the Mallard Prospect, and continued exploration at the Miranna Prospect, located in northern Quebec. A total of twenty to thirty NQ-size drill holes [...]
Highlights: The updated mineral resource estimate considers 28,783 meters of diamond drilling to increase the Indicated Resource tonnage by 164%: Indicated Resource: 73.2 Mt at 1.89% TREO?and 6.6% CaF2, and Inferred Resource: 131.1 Mt at 1.91% TREO and 4.0% CaF2. Contains a high percentage of the magnet feed rare earth elements neodymium [...]
Commerce Resources Corp. has elected to dispose of the Blue River Assets by pursuing a sale of the property to a third party . Company President Chris Grove states "We believe that focusing exclusively on our claims in Quebec with the significant opportunities of both our Ashram REE/ Fluorspar Deposit and our highly prospective niobium claims - on [...]
Commerce Resources Corp. is pleased to announce the publication of a paper on rare earth element mineral processing, which has been supported by sample material from the Ashram Rare Earth and Fluorspar Deposit, wholly owned by the Company, located in Nunavik, Quebec. The paper, titled "Assessment of the impact of grinding conditions and water [...]
Commerce Resources Corp. is pleased to announce that it has made significant advancements in the mineral processing and hydrometallurgical flowsheets for the Ashram Rare Earth and Fluorspar Deposit . The Ashram Deposit, wholly owned by the Company and located in Quebec, Canada, is one of the largest undeveloped monazite dominant rare earth deposits [...]
Commerce Resources Corp. is pleased to announce the appointment of Patrik Schmidt as its new Vice President of Exploration effective March 1, 2024. Jody Dahrouge will be stepping down as Vice President of Exploration; however, will remain as a Director of the Company. Mr. Dahrouge continues to play a critical and active role with the Company as [...]