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 announced the successful production of a new mixed rare earth carbonate sample from its Ashram Deposit in Quebec, with a neodymium and praseodymium distribution of 22.4%, surpassing previous and industry averages. The sample, weighing 55 g, contains 50.9% rare earth oxide and will be evaluated by third-party processors. The ongoing scale-up aims for larger kilogram samples, reinforcing the company's position as a potential low-cost global supplier of rare earth elements.
Commerce Resources Corp. has partnered with CanmetMINING to enhance the Ashram Rare Earth and Fluorspar Deposit's development through metallurgical testwork. This collaboration aims to optimize the project's flowsheet as it progresses toward prefeasibility design. The initiative is backed by federal R&D support under the Critical Minerals Research program, targeting advancements in critical minerals processing. Initial test programs have commenced following the preparation of mineralized samples, which contain significant resources including 1.6 million tonnes measured at 1.77% rare earth oxide.
Commerce Resources Corp. (OTCQX:CMRZF) has successfully produced a sample of mixed rare earth carbonate (REC) that meets market specifications. The sample features a neodymium and praseodymium oxide distribution of 21.6%, surpassing several global competitors. This achievement marks a significant step towards finalizing its metallurgical program for the Ashram Deposit in Quebec. The company plans to produce ~2.5 kg of mixed REC for third-party evaluations shortly. The Ashram Deposit is among the largest globally, with substantial resources of rare earth oxides and fluorspar.
Commerce Resources Corp. has announced the results of its final two drill holes from the 2021 program at the Ashram Rare Earth and Fluorspar Deposit. Notable findings include 1.82% rare earth oxide over 225.4 m and 1.71% over 147.8 m. The aim of the drill program was to upgrade mineral resource confidence to support a Prefeasibility Study. Company President Chris Grove highlighted the positive results, indicating the potential for a significant mineral deposit. The Ashram Deposit ranks among the largest globally, with extensive resources available for future exploration.
Commerce Resources Corp. (OTCQX:CMRZF) reported promising assay results from three drill holes at the Ashram Rare Earth and Fluorspar Deposit, part of the 2021 exploration program. Highlights include:
- 1.79% REO over 223.2 m
- 1.71% REO over 221.5 m
- 1.97% REO over 23.3 m
The results are aimed at upgrading resource confidence to support a prefeasibility study, with expectations of converting significant inferred resources to measured categories. All drill holes intersected consistent mineralization and strong NdPr distributions.
Commerce Resources Corp. reports significant assay results from three drill holes at its Ashram Rare Earth and Fluorspar Deposit. The 2021 drill program, supporting a Prefeasibility Study, identified 1.78% REO over 274.3 m and a strong NdPr oxide distribution of 22.2% in one hole. The company anticipates converting a large portion of inferred resources to indicated and measured resources. The deposit is among the largest globally, with substantial resources of rare earths and fluorspar, positioning Commerce as a potential low-cost producer in the market.
Commerce Resources Corp. has announced a collaboration with Corem to support the development of the Ashram Rare Earth and Fluorspar Deposit in Quebec. Funded by the province's Ministère de l'Énergie et des Ressources naturelles with $1.4 million over 3 years, this initiative aims to advance rare earth element projects and optimize extraction processes. The company has shipped approximately 1 tonne of bulk sample material for testing. The Ashram Deposit is notable for its large resource and high recovery rates, positioning Commerce as a potential low-cost global rare earth producer.
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.
