Commerce Resources Corp. Announces Agreement with HE Capital Markets

Rhea-AI Summary

Commerce Resources Corp. (OTCQX: CMRZF) has signed a three-month agreement with HE Capital Markets to provide investor relations services for a fee of US$15,000. HE Capital, based in London, will assist the company, which is focused on developing the Ashram Rare Earth and Fluorspar Deposit in Quebec, Canada. The company aims to become one of the lowest-cost rare earth producers globally, targeting mixed rare earth carbonate and NdPr oxide as long-term supply offerings.

Positive

• Agreement with HE Capital enhances investor relations.
• Focus on Ashram Deposit positions the company for future growth.
• Aiming to become one of the lowest-cost rare earth producers globally.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / October 30, 2021 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce") is pleased to announce that it has signed an agreement with HE Capital Markets ("HE Capital"), an investor relations and capital markets advisory firm located in London, England, to provide investor relations services (the "Services") to the Company for a period of three months. The Company will pay HE Capital a fee of US$15,000 in consideration for the Services. Richard O'Rourke will provide the Services to the Company. Mr. O'Rourke is arms' length to the Company and does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

About Commerce Resources Corp.

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.

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/670465/Commerce-Resources-Corp-Announces-Agreement-with-HE-Capital-Markets

FAQ

What is the significance of Commerce Resources Corp signing an agreement with HE Capital Markets?

The agreement with HE Capital Markets aims to enhance investor relations, which could attract more investment and support the company's growth.

How much will Commerce Resources Corp pay HE Capital for their services?

Commerce Resources Corp will pay HE Capital a fee of US$15,000 for their investor relations services.

What is the focus of Commerce Resources Corp?

Commerce Resources Corp focuses on developing the Ashram Rare Earth and Fluorspar Deposit in Quebec and aims to be a low-cost producer of rare earth elements.

What are Commerce Resources Corp's production targets?

The company targets mixed rare earth carbonate and NdPr oxide as long-term supply offerings to the global market.