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.
Commerce Resources Corp. (OTCQX: CMRZF) generates news primarily around the advancement of its Ashram Rare Earth and Fluorspar Deposit and related critical mineral prospects on the Eldor Property in northern Quebec, Canada. Company announcements highlight technical milestones, exploration results, infrastructure funding and corporate transactions that shape the development path of this junior mineral resource company.
News releases frequently cover project development updates at Ashram, including metallurgical test work such as flotation locked-cycle testing that has produced high-grade rare earth mineral concentrates at strong recoveries. These updates often relate to the company’s work on a simplified flotation-only flowsheet and its integration into a planned Preliminary Economic Assessment for the Ashram Rare Earth and Fluorspar Deposit.
Investors and sector followers will also find detailed exploration news from the Eldor Property, particularly regarding niobium-focused drilling at prospects such as Mallard, Spoke, Miranna, Knox, Northwest and Moira. Commerce reports drill intercepts, interpretations of mineralized corridors and the potential for joint development scenarios where niobium, tantalum and phosphate occurrences could complement the Ashram rare earth and fluorspar resource.
Another recurring theme in Commerce’s news is infrastructure and funding. The company has announced conditional approval for funding from Natural Resources Canada’s Critical Minerals Infrastructure Fund to support access road work to Ashram, as well as private placements and convertible note financings intended to fund ongoing studies and working capital. Corporate and governance updates, including management changes, stock option grants and a proposed merger with Mont Royal Resources Limited to create a Québec-focused critical minerals developer with a dual ASX–TSXV listing, are also key elements of the news flow.
By following CMRZF news, readers can track how technical results, financing decisions, infrastructure initiatives and strategic transactions intersect in the evolution of the Ashram Project and the broader Eldor critical minerals portfolio.
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Commerce Resources Corp. (OTCQX:CMRZF) announced significant assay results from its 2022 drill program at the Ashram Rare Earth and Fluorspar Deposit in Quebec. The program included twelve drill holes totaling 2,778.6 m, highlighting impressive intersections such as 392.8 m at 2.12% REO with 21.6% NdPr from surface. This positions the Ashram Deposit among the largest REE sources globally, with an extensive mineralized footprint. The results support the advancing Prefeasibility Study aimed at increasing resource confidence and expanding the production scenario. The company also issued 4.6 million stock options to various stakeholders at $0.185 per share.
Commerce Resources Corp. (OTCQX: CMRZF) announces the extension of its earn-in agreement with Saville Resources Inc. for the Niobium Claim Group Property in Quebec until January 2024. This property, part of Commerce's Eldor claims, includes 26 mineral claims over 1,223 hectares and has shown promising results, with high niobium and tantalum grades in initial drill testing. Commerce's President Chris Grove expressed excitement regarding Saville's exploration work over the past five years. The Ashram Rare Earth and Fluorspar Deposit continues to be a focal point for the company, aiming to become a low-cost producer of rare earth elements.