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Commerce Resourc - CMRZF STOCK NEWS

Welcome to our dedicated page for Commerce Resourc news (Ticker: CMRZF), a resource for investors and traders seeking the latest updates and insights on Commerce Resourc stock.

Overview of Commerce Resources Corp.

Commerce Resources Corp. (OTCQX: CMRZF) is a junior mineral resource company dedicated to the exploration and development of critical mineral deposits. Headquartered in Vancouver, British Columbia, the company focuses on advancing its flagship Ashram Rare Earth and Fluorspar Deposit, located within the Eldor Property in northern Quebec, Canada. This deposit is one of the largest undeveloped rare earth element (REE) resources globally and includes a significant fluorspar component, positioning Commerce as a key player in the critical minerals supply chain.

Core Business Areas

The company's primary business revolves around the exploration, development, and potential production of rare earth elements and fluorspar. The Ashram Deposit is characterized by a simple mineralogy dominated by monazite, bastnaesite, and xenotime, which allows for efficient processing. The deposit has demonstrated the production of high-grade REE mineral concentrates (30-45% TREO) at high recovery rates (60-75%), competitive with established global producers. Additionally, the deposit's fluorspar component positions it as a potential long-term supplier to the met-spar and acid-spar markets.

Market Significance

Rare earth elements are indispensable in modern technologies, including electronics, renewable energy systems, aerospace, automotive, and defense applications. Fluorspar is a critical input in industries such as aluminum production, steelmaking, and lithium-ion batteries. With global demand for these materials surging, Commerce Resources is strategically positioned to address supply chain vulnerabilities, particularly in North America and Europe. The company's focus on producing mixed rare earth carbonate and NdPr oxide aligns with the growing demand for magnets used in electric vehicles and wind turbines.

Recent Developments and Exploration Highlights

  • Niobium Discoveries: The company has made significant niobium discoveries at its Eldor Property, including high-grade intercepts at the Mallard, Spoke, Knox, and Miranna prospects. These discoveries enhance the property's strategic value, adding to its portfolio of critical minerals.
  • Infrastructure Advancements: Commerce Resources has received conditional approval for funding from Natural Resources Canada's Critical Minerals Infrastructure Fund to develop an access road to the Ashram Deposit, facilitating logistics and supporting regional economic growth.
  • Processing Innovations: Locked-cycle testing of the Ashram Deposit's simplified flotation-only flowsheet has demonstrated the production of high-grade REE mineral concentrates, significantly enhancing project economics and reducing technical risks.

Competitive Advantages

Commerce Resources benefits from several competitive advantages, including:

  • Strategic Location: Situated in Quebec, Canada, the Ashram Deposit is in a geopolitically stable region with access to established infrastructure and skilled labor.
  • High-Grade Resource: The Ashram Deposit boasts a large-tonnage resource with favorable grades, making it one of the most attractive rare earth and fluorspar projects globally.
  • Diversified Portfolio: In addition to rare earth elements and fluorspar, the company is exploring niobium and phosphate, further enhancing its market appeal.
  • Environmental and Social Responsibility: Commerce Resources is committed to sustainable development, working closely with Indigenous communities and adhering to stringent environmental standards.

Future Outlook

Commerce Resources is positioning itself as a low-cost producer of rare earth elements and fluorspar, with a focus on long-term supply agreements for mixed rare earth carbonate and NdPr oxide. The company is advancing its Preliminary Economic Assessment for the Ashram Deposit, scheduled for completion in Q2 2025, and continues to explore the potential of its niobium and phosphate prospects. With strong government and industry support, Commerce Resources is well-positioned to capitalize on the growing demand for critical minerals, contributing to the global transition toward a sustainable, low-carbon economy.

Rhea-AI Summary

Commerce Resources has announced its intention to sell its Blue River property in British Columbia to an arm's length private company, Capacitor Metals. This decision aligns with Commerce's strategy to focus on its Quebec assets, including the Ashram REE/Fluorspar Deposit and prospective niobium claims. The sale includes mineral claims and real property in Blue River, and Commerce will receive 20 million common shares of the Purchaser valued at $0.05 per share. The company plans to distribute these shares to its shareholders pro rata. Completion of the transaction is contingent on conditions in the Purchase Agreement and may require TSX Venture Exchange approval.

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Commerce Resources Corp. announces the publication of a paper on rare earth element mineral processing, supported by material from the Ashram Rare Earth and Fluorspar Deposit. The paper focuses on the impact of grinding conditions and water quality on flotation of rare earth elements. The research is a collaboration between the Company, Université du Québec en Abitibi-Témiscamingue, and Industrial Waste Technology Centre, funded by Provincial and Federal grants.
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Commerce Resources Corp. announces significant advancements in mineral processing and hydrometallurgical flowsheets for the Ashram Rare Earth and Fluorspar Deposit. The company achieved a simplification and optimization of the front-end mineral processing flowsheet, producing high-grade monazite concentrates with strong recovery rates. A streamlined hydrometallurgical flowsheet was also developed, showcasing impressive recovery rates for rare earth elements. These developments position the Ashram Deposit as a valuable asset with the potential for significant cost reductions and increased efficiency.
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Commerce Resources Corp. appoints Patrik Schmidt as Vice President of Exploration, highlighting his extensive experience in rare earth elements and rare metals. Schmidt's key role in significant discoveries adds value to the company's exploration efforts.
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Commerce Resources Corp. announces the appointment of Mr. Adam Ritchie as a new director. With over 20 years of experience in the resources industry, Mr. Ritchie's expertise in project delivery and high-value mineral assets is expected to benefit the company as it advances its projects in the coming years. His appointment is seen as a significant benefit to Commerce Resources Corp. as they aim to advance both the Ashram REE/Fluorspar Deposit and their Niobium Claim Group this year.
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Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0) terminates earn in agreement with Saville Resources Inc. for Niobium Claim Group Property. Saville owes Commerce $369,290.16, forgiven by Commerce. Property is prospective for niobium, tantalum, phosphate, and fluorspar. Saville's drill program shows potential for sizable niobium mineralized zone at Mallard Prospect.
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Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) announces changes to its Board of Directors, with the resignation of Dr. Axel Hoppe and the appointment of Mr. Jeremy Robinson. Dr. Hoppe's departure is effective immediately, while Mr. Robinson brings extensive experience in mineral exploration and project financing to the company. President Chris Grove expresses gratitude to Dr. Hoppe and welcomes Mr. Robinson to the board.
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Commerce Resources Corp. has produced an additional 0.6 kg of mixed rare earth carbonate concentrate to fulfill third-party sample requests. The sample has an NdPr distribution of 20.5% and TbDy distribution of 0.89%. 0.5 kg of the sample has been shipped to a downstream processor outside of China. The sample meets market specifications and contains approximately 54% REO with low levels of Th and U. The company aims to engage with global processors for a stable supply of mixed REE chemical concentrates.
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Commerce Resources Corp. has closed its non-brokered private placement, raising gross proceeds of $5,453,980. The offering was oversubscribed, and the company received subscription agreements to acquire 68,174,150 Units at a price of $0.08 per Unit. Each Unit consists of one common share and one common share purchase warrant. The net proceeds will be used for mineral resource estimate work, an updated Preliminary Economic Assessment, seeking a listing on the Australian Stock Exchange, and general working capital purposes.
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Commerce Resources Corp. has successfully produced additional amounts of mixed rare earth carbonate concentrate to satisfy third-party sample requests. The sample grades approximately 63% REO with high NdPr distribution of 21.1% and TbDy distribution of 0.82%. The strong NdPr distributions rank among the highest in the world and exceed that of several major global producers. This development enhances the company's strategy of engaging with global downstream processors and end-users for a secure and stable supply of high-quality mixed REE chemical concentrates.
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FAQ

What is the current stock price of Commerce Resourc (CMRZF)?

The current stock price of Commerce Resourc (CMRZF) is $0.049 as of April 1, 2025.

What is the market cap of Commerce Resourc (CMRZF)?

The market cap of Commerce Resourc (CMRZF) is approximately 12.7M.

What is Commerce Resources Corp.'s primary focus?

Commerce Resources Corp. focuses on the exploration and development of the Ashram Rare Earth and Fluorspar Deposit, along with niobium and phosphate prospects at its Eldor Property in Quebec, Canada.

What makes the Ashram Deposit significant?

The Ashram Deposit is one of the largest undeveloped rare earth element resources globally, characterized by high-grade mineral concentrates and a significant fluorspar component.

What industries benefit from the minerals produced by Commerce Resources?

The rare earth elements and fluorspar produced by Commerce Resources are critical for industries such as electronics, renewable energy, aerospace, automotive, and defense.

How is Commerce Resources addressing environmental and social responsibilities?

The company works closely with Indigenous communities, adheres to stringent environmental standards, and focuses on sustainable development practices.

What are the company's future plans?

Commerce Resources aims to complete its Preliminary Economic Assessment for the Ashram Deposit by Q2 2025, advance its niobium and phosphate prospects, and secure long-term supply agreements for critical minerals.
Commerce Resourc

OTC:CMRZF

CMRZF Rankings

CMRZF Stock Data

12.72M
196.20M
7.46%
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