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. has successfully shipped a 100g sample of mixed rare earth carbonate (REC) with a 21.9% NdPr oxide distribution to a major global processor outside of China. This sample, produced as part of the company's scale-up process, meets market specifications and showcases high NdPr distributions, among the best globally for non-cerium depleted REC. The company is also producing an additional 1.5 kg of mixed REC to fulfill further requests. The Ashram Deposit remains one of the largest REE and fluorspar deposits worldwide, with significant resources.
Commerce Resources Corp. has received a 30-day extension from the TSX Venture Exchange for its non-brokered private placement until December 5, 2022. The Offering aims to issue up to 12,500,000 units at $0.16 each, raising a total of $2 million. Each unit includes one share and a warrant, allowing the purchase of additional shares at $0.25 for three years. Proceeds will support the prefeasibility study for the Ashram REE/Fluorspar Deposit and general working capital. Insider participation is permitted under certain conditions.
Commerce Resources Corp. (OTCQX:CMRZF) announced the successful production of approximately 1.2 kg of mixed rare earth carbonate (mixed REC) concentrate at its Ashram Deposit. The company plans to ship 0.5 kg samples to major processors, with a neodymium plus praseodymium (Nd+Pr) distribution of 21.9%, exceeding many global competitors. The scale-up from gram to kilogram quantities marks a significant milestone, with the company poised to produce an additional 1.5 kg of mixed REC to meet demand. The Ashram Deposit is one of the largest REE deposits globally.
Commerce Resources Corp. has completed its 2022 drill program at the Ashram Rare Earth and Fluorspar Deposit in Quebec, totaling approximately 2,760 meters across twelve drill holes. Significant step-out drill holes extended the mineralized footprint by ~100 meters to the southeast. The program aimed to enhance the geological model and increase resource confidence, particularly in neodymium-praseodymium (NdPr) contents, which range from 21-24+% by weight. With ongoing core processing and pending geochemical analysis, the results will refine the geological model and support future prefeasibility studies.
Commerce Resources Corp. (OTCQX:CMRZF) has announced the completion of three diamond drill holes at the Niobium Claim Group Property, as part of Saville Resources Inc.'s ongoing drilling program. The drill program, totaling approximately 603 m, aims to follow up on previous high-grade niobium mineralization. Notably, past drilling returned significant grades, including 1.00% Nb2O5 over 17.1 m. The mineralogy indicates pyrochlore as a dominant mineral, with secondary interest in tantalum and fluorspar. Core processing is underway, and samples will be sent for analysis.
Commerce Resources Corp. announced a non-brokered private placement of up to 12,500,000 units at $0.16 each, aiming for gross proceeds of $2,000,000. Each unit consists of one common share and a warrant purchasable at $0.25 over three years. The offering is open to existing shareholders, with a record date set for August 12, 2022, qualifying for the Existing Security Holder Exemption. Proceeds will support pre-feasibility studies at the Ashram REE/Fluorspar Deposit, along with producing rare earth samples and general working capital. Completion is subject to TSX Venture Exchange approval.
Commerce Resources Corp. (OTCQX:CMRZF) reports progress on its 2022 drill program at the Ashram Rare Earth and Fluorspar Deposit in Quebec. Completed drilling now totals approximately 1,003 m, extending the mineralized footprint by 100 m to the southeast. The deposit's dimensions are now at least 700 m along strike, 300 m wide, and 600 m deep. The company aims to enhance resource confidence, focusing on areas with high NdPr content. A Prefeasibility Study is underway, anticipating a larger pit shell compared to previous assessments. Core samples are being prepared for geochemical analysis.
Commerce Resources Corp. (OTCQX:CMRZF) announced the initial shipment of 2 kg of Ashram Deposit whole rock crushed material to a rare earth element processor. Following a sample of mixed rare earth carbonate delivered earlier, the new shipment is aimed at evaluating processing capabilities. The processor has shown interest in a larger follow-up shipment of 200 kg and in mixed REC concentrate, highlighting strong NdPr distributions of 21.6-24.2%. The Ashram Deposit is among the largest global REE sources, with substantial measured and indicated resources, and a prefeasibility study is planned for early 2023.
Commerce Resources Corp. has initiated a summer drill program at the Ashram Rare Earth and Fluorspar Deposit in Quebec, aiming to conduct 2,200 meters of NQ size core drilling over 7-10 holes. The project seeks to improve resource confidence and delineate the deposit, which is open to the north and south. Previous estimates indicated 1.6 million tonnes at 1.77% REO. The company is advancing its Prefeasibility Study while adhering to COVID-19 protocols. This endeavor strengthens Commerce's position in the rare earth and fluorspar markets.
Commerce Resources Corp. (OTCQX:CMRZF) has announced the successful shipment of its first mixed rare earth carbonate concentrate sample to a major global rare earth element producer for evaluation. The sample boasts a neodymium plus praseodymium oxide distribution of 24.2%, surpassing previous samples and several major producers. The mixed REC concentrate is produced from the Ashram Deposit, which is among the largest REE deposits globally, with an inferred resource of 219.8 million tonnes. Commerce aims to enhance production to meet rising market demand.
