Commerce Resources Corp. Announces Agreement with Tormont50

Rhea-AI Summary

Commerce Resources Corp. (OTCQX:CMRZF) has announced a three-month agreement with Tormont50 for advisory and marketing services. The deal includes a monthly fee of $2,150, plus taxes, for services such as a growth report and exposure to Tormont50's audience. Commerce is focused on developing the Ashram Rare Earth and Fluorspar Deposit in Quebec, aiming to be among the lowest-cost rare earth producers globally. The Company seeks to supply mixed rare earth carbonate and/or NdPr oxide to the market.

Positive

• Agreement with Tormont50 enhances marketing and advisory support.
• Focus on becoming a low-cost rare earth producer in Quebec.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / April 15, 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 Tormont50 ("Tormont50"), a collective of corporate advisory, marketing and digital media, business investment opportunities and public relations experts, whereby the Company will become a member of Tormont50 for a period of three months. The Company will pay Tormont50 a member fee $2,150 per month (plus applicable taxes) in exchange for: (i) a Tormont50 growth report on the Company, discussing the general merits of the Company, using publicly available information and not tailored to the needs or circumstances of any recipient, (ii) highlight of the Company to Tormont50 followers through its website and (iii) follow up growth reports, on request from the Company, in line with new company events, news and other relevant events (collectively, the "Services"). Tormont50 will provide the Services to the Company, is at 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: http://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/640492/Commerce-Resources-Corp-Announces-Agreement-with-Tormont50

FAQ

What is the purpose of Commerce Resources Corp.'s agreement with Tormont50?

The agreement aims to provide advisory and marketing services for a three-month period, enhancing the Company's visibility.

How much is Commerce Resources Corp. paying Tormont50?

Commerce Resources will pay Tormont50 $2,150 per month, plus applicable taxes.

What is Commerce Resources Corp. focused on?

The Company is focused on developing the Ashram Rare Earth and Fluorspar Deposit in Quebec, with an aim to be a low-cost rare earth producer.

What type of services will Tormont50 provide to Commerce Resources?

Tormont50 will provide a growth report, highlight the Company to its followers, and offer follow-up reports as requested.

What is the stock symbol for Commerce Resources Corp.?

The stock symbol for Commerce Resources Corp. is CMRZF.