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. (CMRZF) is a Canadian mineral exploration company advancing the Ashram Rare Earth and Fluorspar Deposit in Quebec. This page provides official updates on the company's critical minerals projects, including rare earth elements (REEs), fluorspar, and niobium developments essential for clean energy technologies.
Investors and industry observers will find comprehensive coverage of operational milestones, exploration results, and strategic partnerships. Our curated news feed includes verified updates on resource estimates, processing innovations, and regulatory progress for the Ashram Deposit - one of North America's most significant undeveloped REE resources.
The news collection features:
• Project development announcements
• Technical report summaries
• Government funding updates
• Mineral processing breakthroughs
• Strategic partnership disclosures
Bookmark this page for centralized access to CMRZF's latest developments in the critical minerals sector. Monitor the company's progress as it works to establish North American supply chain solutions for rare earth elements and industrial minerals.
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.
Commerce Resources Corp. announces positive results from Saville Resources Inc.'s 2022 drill program at the Mallard Prospect, part of its Niobium Claim Group in Quebec. The drill program, completed in August, involved 600 meters over three holes and targeted previously identified niobium zones. Significant intercepts include 16.0 m of 0.78% Nb2O5 and 4.5 m of 0.94% Nb2O5. Overall, the results indicate high-grade mineralization remains open in all directions. Commerce Resources is focused on developing low-cost rare earth production in Quebec.
Commerce Resources Corp. announced the completion of a non-brokered private placement, raising $1,310,748 by issuing 8,192,175 units at $0.16 per unit. Each unit consists of one common share and one warrant, with warrants priced at $0.25 for three years. Proceeds will be used for the prefeasibility study for the Ashram REE/Fluorspar Deposit and for general working capital. The company aims to be a low-cost rare earth producer with the Ashram Deposit being one of the largest globally.
