Commerce Resources Corp. Announces Grant of Stock Options Under Equity Incentive Plan

Rhea-AI Summary

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.

Positive

• Planned dual listing on ASX may increase market visibility and access to capital
• Stock options align management interests with shareholders

Negative

• 2.5 million new stock options at $0.12 represent potential dilution for existing shareholders

VANCOUVER, BC / ACCESS Newswire / March 18, 2025 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce"), is pleased to announce that it has granted (the "Grant") an aggregate of 2,500,000 incentive stock options (each, an "Option") to purchase up to 2,500,000 common shares of the Company (each, a "Share") to certain officers and consultants under its Equity Incentive Plan. The Options are exercisable for a period of three years from the date of Grant, expiring on March 18, 2028, at a price of $0.12 per Share. The options all vest immediately.

Commerce's Interim President and CEO Jeremy Robinson said: "As we finalise our plans to complete a dual listing on the Australian Securities Exchange (ASX) and progress the Ashram Project to the next stage, it is important that we retain and incentivise the people that have discovered this world-class deposit and advanced it to where it is today."

All Options and the Shares underlying such Options are subject to a hold period of four months and one day from the date of issuance.

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 within their Eldor Property, in northern Quebec, Canada. 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 (more than 30 - 45% TREO) mineral concentrates at high recovery (more than 60 - 75%) in line with active global producers.

The Ashram Deposit also has a fluorspar component which makes it one of the largest potential sources of fluorspar in the world and could be a long-term supplier to the met-spar and acid-spar markets. 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.

Additionally, Commerce is committed to exploring the potential of other high-value commodities on the Property such as niobium and phosphate minerals, which may help advance Ashram by reducing costs through shared development.

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.
Ian Graham
Chairman
Phone: 604.484.2700
Email: info@commmerceresources.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.

FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future. Forward looking statements in this news release include statements regarding the expected listing on the Australian Securities Exchange; the continued advancement of the Ashram project to development; that Ashram's fluorspar component which makes it one of the largest potential sources of fluorspar in the world and could be a long-term supplier to the met-spar and acid-spar markets; that the Company is positioning to be one of the lowest cost rare earth element producers globally, with a focus on being a long-term global supplier of mixed rare earth carbonate and/or NdPr oxide; and that the Company may explore the potential of other high-value commodities on the Ashram Property. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these events, activities or developments from coming to fruition include: that the Company may not complete a listing on the Australian Securities Exchange; that the Company may not be able to fully finance any additional exploration on the Ashram Project; that even if the Company is able raise capital, costs for exploration activities may increase such that the Company may not have sufficient funds to pay for such exploration or processing activities; the timing and content of the proposed drill program and any future work programs may not be completed as proposed or at all; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumptions based on limited test work and by comparison to what are considered analogous deposits that, with further test work, may not be comparable; testing of our process may not prove successful or samples derived from the Ashram Project may not yield positive results, and even if such tests are successful or initial sample results are positive, the economic and other outcomes may not be as expected; the anticipated market demand for rare earth elements and other minerals may not be as expected; the availability of labour and equipment to undertake future exploration work and testing activities; geopolitical risks which may result in market and economic instability; and despite the current expected viability of the Ashram Project, conditions changing such that even if metals or minerals are discovered on the Ashram Project, the project may not be commercially viable. The forward-looking statements contained in this news release are made as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

SOURCE: Commerce Resources Corp.

View the original press release on ACCESS Newswire

FAQ

What is the exercise price and expiry date for Commerce Resources (CMRZF) new stock options?

The stock options have an exercise price of $0.12 per share and expire on March 18, 2028.

How many stock options did Commerce Resources (CMRZF) grant in March 2025?

Commerce Resources granted 2.5 million incentive stock options to officers and consultants.

What is the vesting period for CMRZF's March 2025 stock option grant?

The options vest immediately upon grant, with a four-month hold period on the options and underlying shares.

What are Commerce Resources' (CMRZF) plans regarding stock exchange listing?

The company is finalizing plans for a dual listing on the Australian Securities Exchange (ASX).