COMMERCE RES CORP - CMRZF STOCK NEWS

Commerce Resources Corp. (OTCQX: CMRZF) announced promising assay results from its Ashram Rare Earth and Fluorspar Deposit in Quebec, revealing significant rare earth oxide (REO) concentrations. The drill program, conducted in mid-2021, included twelve drill holes totaling 2,814 meters. Highlights include 2.19% REO over 302 meters in hole EC21-187 and strong NdPr oxide distributions ranging from 19%-24%. The company aims to convert inferred resources to indicated and measured classifications, supporting future prefeasibility studies.

Commerce Resources Corp. has completed a non-brokered private placement, issuing 8,641,429 common shares at $0.28 each, generating total gross proceeds of $2,419,600. The funds will be directed towards the advancement of the Ashram REE Deposit in Quebec. In relation to the offering, the company paid a finder's fee of $126,500. The securities are subject to a statutory hold period lasting four months and one day from the closing date.

Commerce Resources Corp. (OTCQX:CMRZF) announced a non-brokered private placement of up to 10,700,000 common shares at $0.28 each, aiming to raise up to $3,000,000. The funds will support the development of the company's Ashram REE Deposit in Quebec. Insiders may participate, and finders' fees may apply. The offering needs TSX Venture Exchange approval and will have a statutory hold period. The Ashram Deposit is one of the largest rare earth and fluorspar deposits globally, positioning Commerce as a potential low-cost producer in the sector.

Commerce Resources Corp. (CMRZF) announced positive assay results from Saville Resources' inaugural drill program at the Miranna Prospect. Four drill holes indicated potential for significant niobium (Nb₂O₅) mineralization, with highlights including 20.4 m of 0.72% Nb₂O₅ and 5.7% P₂O₅ from drill hole EC21-180. The presence of high-grade mineralization within 110 m of the surface suggests open-pit mining may be feasible. An aggregate of 2,500,000 stock options was recently granted as part of the company’s strategic planning.

Zimtu Capital Corp. will hold a Zoom with Zimtu presentation on November 23, 2021, featuring equity holdings Commerce Resources Corp. (CMRZF) and Saville Resources Inc.. Guest speakers include Chris Grove and Mike Hodge, who will discuss exploration updates and answer questions. Commerce Resources focuses on developing the Ashram Rare Earth and Fluorspar Deposit in Quebec, aiming to be a low-cost rare earth producer. Saville Resources is engaged in niobium exploration with prospective assets in Quebec.

Commerce Resources Corp. has entered into a contract with Zimtu Capital Corp. to utilize the ZimtuADVANTAGE program, aimed at enhancing the company's public operations. This program offers services that include building financial and business networks, social media presence, and media guidance, tailored to meet specific company needs. Commerce will pay Zimtu $12,500 monthly for one year. Commerce is focused on developing the Ashram Rare Earth and Fluorspar Deposit in Quebec, positioning itself as a low-cost global rare earth producer.

Commerce Resources Corp. has announced promising drill results from Saville Resources' 2021 diamond drill program at the Niobium Claim Group Property in Quebec. The first three drill holes at the Mallard Prospect revealed significant niobium mineralization, with the best intercept being 1.00% Nb2O5 over 17.1 m within a larger interval of 0.82% Nb2O5 over 42.3 m. Assays from the ongoing program at the Miranna Prospect are pending. The exploration adheres to COVID-19 protocols, with no reported cases during the 2021 program.

Commerce Resources Corp. (OTCQX: CMRZF) has signed a three-month agreement with HE Capital Markets to provide investor relations services for a fee of US$15,000. HE Capital, based in London, will assist the company, which is focused on developing the Ashram Rare Earth and Fluorspar Deposit in Quebec, Canada. The company aims to become one of the lowest-cost rare earth producers globally, targeting mixed rare earth carbonate and NdPr oxide as long-term supply offerings.

Commerce Resources Corp. (OTCQX:CMRZF) has provided an update on the Prefeasibility Study for the Ashram Rare Earth and Fluorspar Deposit. A gap analysis was conducted to identify data needs before the study's completion. Key findings include potential tailings management locations and ongoing filtration tests to establish optimal designs. The power generation study will explore co-generation options, focusing on sustainability. The project is on track to become one of the lowest-cost rare earth producers globally, emphasizing its capacity to supply mixed rare earth products.