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. (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.
Commerce Resources Corp. (OTCQX:CMRZF) has completed its 2021 field campaign for the Ashram Rare Earth and Fluorspar Deposit, supporting the Prefeasibility Study (PFS). Key components included a diamond drill program totaling 2,814 metres and data collection for hydrology and tailings management. Core samples are undergoing geochemical analysis, with results expected in 6-8 weeks. The Ashram Deposit holds significant resources: 1.6 Mt at 1.77% REO, 27.7 Mt at 1.90% REO, and 219.8 Mt at 1.88% REO. The Company aims to be a low-cost supplier of rare earth products globally.
Commerce Resources Corp. (OTCQX:CMRZF) is supporting eco-friendly research through its contribution of Ashram Deposit material for the SideroFlot project. This initiative aims to develop biodegradable flotation collectors for rare earth elements (REEs), enhancing sustainable mineral processing. Conducted by Helmholtz-Zentrum Dresden-Rossendorf, the project promotes environmentally friendly mining practices. Company President Chris Grove highlighted the importance of Ashram material in advancing REE extraction technologies while reducing reliance on Chinese sources.
Commerce Resources Corp. (OTCWX:CMRZF) has launched a mineral processing program to finalize the Prefeasibility Study (PFS) design criteria for the Ashram Rare Earth and Fluorspar Deposit. This initiative, executed with Qualified Persons, aims to validate the mineral processing components necessary for the PFS flowsheet. The program will incorporate advanced flotation techniques and include filtration testing to optimize material handling. The Ashram project has significant potential with high-grade mineral concentrates, aiming to position the company as a low-cost rare earth producer.
Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) announced an application to the TSX Venture Exchange to amend the terms of 9,674,153 warrants. The company proposes to extend the expiry date from October 11, 2021, to October 11, 2024, and from October 31, 2021, to October 31, 2024. Additionally, the exercise price is set to change from $0.50 to $0.285, while all other terms will remain the same. This amendment is pending Exchange approval.
