Commerce Resourc - CMRZF STOCK NEWS

Commerce Resources Corp. (OTCQX:CMRZF) has completed its 2021 diamond drill program at the Ashram Rare Earth and Fluorspar Deposit in Quebec. The program consisted of 2,814 meters of drilling across 12 holes, exceeding the initial plan while remaining within budget. The drill focused on areas with high neodymium-praseodymium content, crucial for the ongoing Prefeasibility Study. The deposit is significant, with a measured resource of 1.6 million tonnes at 1.77% rare earth oxide. The company plans further hydrology studies and Qualified Person site visits this fall while adhering to COVID-19 protocols.

Commerce Resources Corp. (OTCQX: CMRZF) has initiated its 2021 drilling program at the Ashram Rare Earth and Fluorspar Deposit in Quebec. The drilling, supervised by Dahrouge Geological Consulting, will cover 2,500 meters and aims to enhance resource confidence by increasing indicated/measured resources. The program benefits from shared costs with Saville Resources, which is drilling nearby. The company is also advancing a Prefeasibility Study and developing its processing flowsheet while adhering to COVID-19 protocols.

Commerce Resources Corp. (OTCQX: CMRZF) announced an upcoming summer diamond drill program at the Ashram Rare Earth and Fluorspar Deposit in Quebec, set to begin July 10-12, 2021. The program, in partnership with Saville Resources, aims to optimize costs through shared resources. Approximately 2,500 m of NQ core drilling is planned across 15-20 holes, focusing on extending the deposit and upgrading resource confidence. The company is simultaneously advancing a Prefeasibility Study and adhering to COVID-19 safety protocols.

Commerce Resources Corp. (OTCQX:CMRZF) provided an update on its metallurgical program for the Ashram Rare Earth and Fluorspar Deposit. The program aims to produce approximately 2.5 kg of mixed rare earth carbonate (mixed REC) concentrate, up from the initial 1.1 kg. The concentrate is generated from high-grade monazite, exceeding 40% rare earth oxide (REO). The company also plans to explore partial separations to create marketable NdPr oxide products. These advancements align with Commerce's goal of becoming a low-cost rare earth producer.

Commerce Resources Corp. has successfully completed a non-brokered private placement, issuing 7,836,657 units at $0.33 each, raising gross proceeds of $2,586,097, which was oversubscribed by $586,097. Each unit consists of a common share and a warrant, exercisable at $0.44 for five years. The funds will support the development of the Ashram REE/Fluorspar Deposit and general working capital. Finder's fees of $85,661.40 were paid, and the issued securities are subject to a hold period. The Ashram Deposit is significant in both rare earth and fluorspar production.

Commerce Resources Corp. (OTCQX:CMRZF) has signed a one-year contract with 121 Group Ltd., publishers of The Assay Group Mining Magazine, for an annual fee of USD $15,000. This contract includes feature profiles in 4 editions of The Assay, weekly newsletter profiles, up to 4 Assay TV interviews, and coverage of select Commerce news releases. The aim is to enhance the company's visibility among institutional mining investors. The agreement is pending approval from the TSX Venture Exchange.

Commerce Resources Corp. announced a non-brokered private placement to raise $2,000,000 by issuing up to 6,060,606 units at $0.33 per unit. Each unit includes one common share and a share purchase warrant at $0.44 for five years. The Offering's record date is April 20, 2021, with priority for existing shareholders. Proceeds will fund the Ashram REE/Fluorspar Deposit and provide working capital. The Offering depends on TSX Venture Exchange approval and may involve finds fees. All securities will have a four-month hold period.

Commerce Resources Corp. (OTCQX:CMRZF) has announced a three-month agreement with Tormont50 for advisory and marketing services. The deal includes a monthly fee of $2,150, plus taxes, for services such as a growth report and exposure to Tormont50's audience. Commerce is focused on developing the Ashram Rare Earth and Fluorspar Deposit in Quebec, aiming to be among the lowest-cost rare earth producers globally. The Company seeks to supply mixed rare earth carbonate and/or NdPr oxide to the market.

Commerce Resources Corp. (OTCQX:CMRZF) has made significant progress on the Prefeasibility Study (PFS) for the Ashram Rare Earth and Fluorspar Deposit. The company has engaged specialized engineering firms, including DRA Americas Inc. and L3 Process Development, to enhance the project's flowsheet, introducing fluorspar recovery as a new revenue stream. CIMA+ is tasked with designing marine infrastructure, while BBA will focus on environmental studies and management. Advances made include improved concentrate grades and reduced tailings footprint, positioning Commerce as a potential low-cost producer in the rare earth market.