Welcome to our dedicated page for Commerce Resourc news (Ticker: CMRZF), a resource for investors and traders seeking the latest updates and insights on Commerce Resourc stock.
Commerce Resources Corp. (CMRZF) is a Canadian mineral exploration company advancing the Ashram Rare Earth and Fluorspar Deposit in Quebec. This page provides official updates on the company's critical minerals projects, including rare earth elements (REEs), fluorspar, and niobium developments essential for clean energy technologies.
Investors and industry observers will find comprehensive coverage of operational milestones, exploration results, and strategic partnerships. Our curated news feed includes verified updates on resource estimates, processing innovations, and regulatory progress for the Ashram Deposit - one of North America's most significant undeveloped REE resources.
The news collection features:
• Project development announcements
• Technical report summaries
• Government funding updates
• Mineral processing breakthroughs
• Strategic partnership disclosures
Bookmark this page for centralized access to CMRZF's latest developments in the critical minerals sector. Monitor the company's progress as it works to establish North American supply chain solutions for rare earth elements and industrial minerals.
Commerce Resources Corp. (TSXV:CCE) has entered into a definitive arrangement agreement with Mont Royal Resources (ASX: MRZ) to merge their businesses, creating a Québec-focused critical minerals developer. Under the agreement, Commerce shareholders will receive 2.3271 Mont Royal shares for each Commerce share, valuing Commerce at C$17.2 million with a 55% premium.
The merged entity will combine Commerce's Ashram Rare Earths and Fluorspar Project and Eldor Niobium Project with Mont Royal's Northern Lights Lithium Project. The transaction will result in a dual listing on TSXV and ASX, with Commerce shareholders owning approximately 85.3% of the combined company.
The deal includes a planned A$10.0 million equity raise by Mont Royal and a C$2.2 million convertible note financing by Commerce. The transaction is expected to complete in July 2025, subject to shareholder and regulatory approvals.
Commerce Resources Corp (OTCQX:CMRZF) has announced the grant of 2.5 million incentive stock options to its officers and consultants under its Equity Incentive Plan. The options allow holders to purchase company shares at $0.12 per share and are exercisable for three years until March 18, 2028. All options vest immediately and carry a four-month hold period.
The company's Interim President and CEO Jeremy Robinson indicated this move is aligned with their plans for a dual listing on the Australian Securities Exchange (ASX) and advancing the Ashram Project, emphasizing the importance of retaining key personnel who have contributed to the project's development.
Commerce Resources Corp (CMRZF) announced immediate management changes as CEO Ross Carroll steps down from his position and board membership by mutual agreement after six months of service. Jeremy Robinson, currently a non-executive Director, will serve as interim President and CEO.
Robinson's primary responsibilities will include overseeing the company's planned dual listing on the Australian Securities Exchange (ASX) in the coming months and managing the development of the Ashram Rare Earths Project. The company plans to appoint a permanent North America-based President and CEO following the completion of the ASX listing.
Commerce Resources Corp (CMRZF) has received conditional approval for $2.6M CAD funding from Natural Resources Canada's Critical Minerals Infrastructure Fund (CMIF) for developing an access road to the Ashram REE/Fluorspar Deposit in Nunavik, Quebec.
The funding will support the development of a 175km road between the Ashram project and the Koksoak River, enhancing access to the Nunavik region and supporting multiple projects and Indigenous groups. The infrastructure development is important for advancing the company's baseline studies, pre-feasibility study, and feasibility study.
The company has engaged Nuna Resources, a majority Inuit-owned construction company, to conduct a road study for the project. The Ashram deposit is recognized as the highest quality deposit of its type in Canada and among the best globally.
Commerce Resources Corp (TSXv:CCE, FSE:D7H0, OTCQX:CMRZF) announced the resignation of Jody Dahrouge from its Board of Directors, effective December 20, 2024. Dahrouge, who served as Director since January 2000, was instrumental in discovering the Ashram Rare Earth and Fluorspar project in 2008 and contributed to the company's recent Niobium exploration success. His team led the discovery of Ashram, and he played a important role in guiding the company's exploration and development programs. CEO Ross Carroll acknowledged Dahrouge's exceptional contribution to both Commerce Resources and the development of the Ashram REE project in Québec, Canada.
Commerce Resources Corp has confirmed significant niobium discoveries forming two high-grade trends surrounding the Ashram Rare Earth and Fluorspar Deposit in Quebec. The 2024 niobium-focused drill program revealed impressive results, including a notable intercept of 24.0 m at 0.91% Nb2O5 at the Mallard Prospect. New high-grade discoveries were made at the Northwest Prospect (7.5 m at 0.93% Nb2O5) and Moira Prospect (11.5 m at 0.63% Nb2O5). The program significantly expanded the niobium mineralized footprint with multiple prospects showing potential connectivity. All niobium prospects are within ~2 km of the Company's Ashram Deposit, which holds a resource of 73.2 million tonnes at 1.89% REO Indicated and 131.1 Mt at 1.91% REO Inferred.
Commerce Resources Corp. has successfully completed flotation locked-cycle testing on the Ashram Rare Earth and Fluorspar Deposit, achieving high-grade rare earth mineral concentrates of 35.8% to 36.8% REO with 65% to 68% overall recovery. The results significantly outperform the historical 10% REO concentrate grade from the 2012 PEA. The improved grades will be incorporated into a pending PEA update scheduled for Q2-2025. The higher-grade concentrate is expected to reduce downstream processing costs, plant size, and overall project risk. Variability and pilot plant testing are planned for early 2025, along with evaluation of fluorite recovery from tailings.
Commerce Resources has announced a significant niobium discovery at its Eldor Property in Quebec through its 2024 drill program. The Knox Prospect revealed substantial high-grade intercepts, including 69.4 m at 0.61% Nb2O5 within 96.5 m at 0.51% Nb2O5. The Miranna Prospect also delivered impressive results with 65.7 m at 0.53% Nb2O5, including 35.7 m at 0.67% Nb2O5. The discoveries are located within 2 km of the Company's Ashram Rare Earth and Fluorspar Deposit, which holds 73.2 million tonnes at 1.89% TREO (indicated) and 131.1 Mt at 1.91% TREO (inferred). Results from thirteen additional drill holes are pending.
Commerce Resources Corp. (TSXv:CCE, OTCQX:CMRZF) reports significant niobium mineralization from its 2024 drill program at the Eldor Property in Quebec, Canada. Key highlights include:
- 122.5 m at 0.62% Nb2O5 and 6.4% P2O5 at the Mallard Prospect
- 27.5 m at 0.60% Nb2O5 and 8.7% P2O5 at the Spoke Target
The program, consisting of 29 drill holes totaling 8,253 m, aimed to follow up on known niobium mineralization and test new geophysical anomalies. The Eldor Property is located within 2 km of the Company's Ashram Rare Earth and Fluorspar Deposit. Results from the first seven drill holes confirm substantial niobium mineralization, suggesting potential for a stand-alone niobium project near the Ashram Deposit.
Commerce Resources Corp. (TSXv:CCE)(FSE:D7H0) has successfully closed a non-brokered private placement, raising gross proceeds of $2,016,000 through the issuance of 16,000,000 units at $0.126 per unit. Each unit comprises one common share and one warrant, allowing the purchase of an additional share at $0.25 for two years.
The company paid $70,235 in cash finder's fees and issued 1,393,551 finder's warrants to Churchill SIG Pty for introducing non-Canadian investors. The net proceeds will fund the updated PEA for the Ashram REE/Fluorspar Deposit and general working capital. The securities are subject to a four-month hold period, and the offering involved related party transactions exempt from certain regulatory requirements.
