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Commerce Resources Announces Contract with Zimtu Capital

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Commerce Resources Corp. has entered into a contract with Zimtu Capital Corp. to utilize the ZimtuADVANTAGE program, aimed at enhancing the company's public operations. This program offers services that include building financial and business networks, social media presence, and media guidance, tailored to meet specific company needs. Commerce will pay Zimtu $12,500 monthly for one year. Commerce is focused on developing the Ashram Rare Earth and Fluorspar Deposit in Quebec, positioning itself as a low-cost global rare earth producer.

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  • Commerce Resources secures a strategic agreement with Zimtu Capital, which may enhance operational support.
  • ZimtuADVANTAGE program offers targeted services that could improve Commerce's market presence and business opportunities.
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VANCOUVER, BC / ACCESSWIRE / November 3, 2021 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0) (the "Company" or "Commerce") is pleased to announce it has signed an agreement with Zimtu Capital Corp. (TSXV:ZC)(FSE:ZCT1) ("Zimtu") whereas Zimtu shall provide Commerce Resources services under the ZimtuADVANTAGE program.

ZimtuADVANTAGE is a program designed to provide opportunities, guidance, cost savings and assistance to clients covering multiple aspects of being a public company. The services may include building financial networks, building business networks, shared costs with other public companies, building a social media presence, conference opportunities, media outlets and guidance, and special group pricing provided by Zimtu's network of public company professionals. The program provides the flexibility to allow companies to customize the products and services to best support their needs.

Under the terms of the agreement, Zimtu shall receive $12,500 per month for a period of twelve months.

About Zimtu Capital

Zimtu Capital Corp. is a public investment issuer that invests with the objective of achieving long-term capital appreciation for its shareholders. Zimtu Capital companies may operate in the fields of mineral exploration, mining, technology, life sciences or investment. The Company trades on the TSX Venture Exchange under the symbol "ZC" and Frankfurt under symbol "ZCT1". For more information visit http://www.zimtu.com

About Commerce Resources

Commerce Resources Corp. is a junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is positioning to be one of the lowest cost rare earth producers globally, with a specific focus on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the global market. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favourable grade, and has demonstrated the production of high-grade (>45% REO) mineral concentrates at high recovery (>70%) in line with active global producers. In addition to being one of the largest rare earth deposits globally, Ashram is also one of the largest fluorspar deposits globally and has the potential to be a long-term supplier to the met-spar and acid-spar markets. For more information, please visit the corporate website at www.commerceresources.com or email info@commerceresources.com

On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.

"Chris Grove"

Chris Grove
President and Director
Tel: 604.484.2700
Email: cgrove@commerceresources.com
Web: https://www.commerceresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Commerce Resources Corp.



View source version on accesswire.com:
https://www.accesswire.com/671085/Commerce-Resources-Announces-Contract-with-Zimtu-Capital

FAQ

What services does the ZimtuADVANTAGE program offer to Commerce Resources Corp?

The ZimtuADVANTAGE program offers services including financial and business network building, social media support, conference opportunities, and media guidance.

How much will Commerce Resources pay Zimtu Capital for their services?

Commerce Resources will pay Zimtu Capital $12,500 per month for a duration of twelve months.

What is the focus of Commerce Resources Corp?

Commerce Resources Corp is focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada.

What position does Commerce Resources aim to hold in the rare earth market?

Commerce Resources aims to be one of the lowest cost rare earth producers globally.

COMMERCE RES CORP

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