Commerce Resources Corp. Announces Resumption of Trading Today on the OTCQX under the Symbol "CMRZF"

Rhea-AI Summary

Commerce Resources Corp. announces its upgrade to the OTCQX Best Market from the Pink market, effective February 19, 2021. This upgrade enables better visibility for U.S. investors interested in the company's rare earth elements and metals. The company meets stringent financial standards and corporate governance requirements on OTCQX. President Chris Grove highlighted the current favorable global market conditions and the company's commitment to transparency and growth, with a focus on low-cost rare earth production from its Ashram Deposit in Quebec.

Positive

• Upgrade to OTCQX enhances visibility among U.S. investors.
• Fulfills high financial standards and governance requirements.
• Positive global market fundamentals for rare earth elements.
• Long-term positioning as a low-cost rare earth producer.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / February 19, 2021 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce") is pleased to announce that the Company has qualified to trade on the OTCQX® Best Market. Commerce Resources Corp. upgraded to OTCQX from the Pink® market. Commerce Resources Corp. begins trading today on OTCQX under the symbol "CMRZF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Commerce Resources Corp. President Chris Grove states "It is our pleasure to trade on the OTCQX Best Market once again. We have many shareholders in the United States, and we look forward to better serving them and to be more visible to new American investors who are interested in the rare earth elements and the rare metals we have been working on for years now. We are at an extremely exciting time with more positive global market fundamentals than we have ever seen before, and with the ability to deliver on our current development programs."

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. Burns Figa & Will PC acted as the company's OTCQX sponsor.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com. OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

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. 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. The company also owns outright the Blue River tantalum & niobium deposit in British Columbia.

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 the 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/630651/Commerce-Resources-Corp-Announces-Resumption-of-Trading-Today-on-the-OTCQX-under-the-Symbol-CMRZF

FAQ

What does the upgrade to OTCQX mean for Commerce Resources Corp. (CMRZF)?

The upgrade to OTCQX allows Commerce Resources Corp. to have better visibility and trading alternatives for U.S. investors, meeting higher financial standards.

When did Commerce Resources Corp. start trading on the OTCQX under CMRZF?

Commerce Resources Corp. began trading on the OTCQX under the symbol CMRZF on February 19, 2021.

What are the key benefits of being listed on the OTCQX for CMRZF?

Being on the OTCQX allows for transparent trading, easier access to information for investors, and compliance with high financial and governance standards.

What projects is Commerce Resources Corp. currently focused on?

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

Who is the president of Commerce Resources Corp.?

Chris Grove is the president of Commerce Resources Corp.