Commerce Resources Corp. announces a change to its Board of Directors. Mr. Jody Dahrouge resigned as a Director of the Commerce Resources board, effective December 20, 2024. Mr. Dahrouge has been a Director since January 2000. The board and everyone involved with Commerce wish to express their gratitude to Mr. Dahrouge for his exceptional commitment and invaluable contributions during his tenure as a director. Mr [...]
Highlights: Commerce Resources Corp. is excited to confirm significant niobium discoveries forming two high-grade trends surrounding the Ashram Rare Earth and Fluorspar Deposit, Eldor Property, Quebec, Canada. The 2024 niobium-focused drill program at Eldor has significantly expanded the niobium mineralized footprint, including the discovery of two new high-grade zones: the Northwest and Moira prospects. The Mallard [...]
Highlights Locked-cycle testing of the Ashram Deposit's flotation-only flowsheet has resulted in high-grade rare earth mineral concentrate at strong recovery. 36 to 37% REO1 at overall recoveries of 65 to 68%. Mineral concentrate grades compare favourably to historical and current hard rock global rare earth producers, of which 30% REO is the typical lowest grade concentrate produced. Results will be incorporated into a [...]
Highlights: Commerce Resources discovers significant niobium mineralization in first drill program at Knox Prospect: 96.5 m at0.51% Nb2O5 , including, 69.4 m at 0.61% Nb2O5 106.0 m at0.40% Nb2O5, including, 14.5 m at 0.60% Nb2O5, and 20.5 m at 0.60% Nb2O5 Mineralization remains open in all directions. Follow-up on initial drill testing completed at the Miranna Prospect has successfully extended mineralization starting [...]
Highlights: Commerce Resources confirms significant niobium mineralization with 122.5m at 0.62% Nb2O5 from near surface at the Mallard Prospect, Eldor Property, located within 2 km of the Company's globally significant Ashram Rare-Earth and Fluorspar Deposit, Quebec, Canada. Core assay results from the first seven drill holes of the 2024 program, which targeted the Mallard Prospect and Spoke Target, are reported herein [...]
Commerce Resources Corp. is pleased to announce that it has closed its previously announced non-brokered private placement offering of 16,000,000 units at a price of $0.126 per Unit for gross proceeds of up to $2,016,000 . Each Unit consists of one common share of the Company and one common share purchase warrant , with each Warrant entitling the holder to purchase one Share at a price of $0.25 per Share for a period of [...]
Commerce Resources Corp. is pleased to announce the appointment of highly experienced resources executive Mr. Ross Carroll as its new President and Chief Executive Officer, effective August 1, 2024. Mr. Carroll will also join Commerce's board of directors with immediate effect. With multiple decades of experience overseeing finance, M&A and strategy, operations and major projects across the natural resources sector, Mr [...]
Commerce Resources Corp. announces that it has requested and has received acceptance from the TSX Venture Exchange to extend the deadline to complete its previously announced non-brokered private placement offering of up to 16,000,000 units at a price of $0.126 per Unit for gross proceeds of up to $2,016,000 . The Offering was announced on June 12, 2024, and the deadline to complete the Offering is August 26, 2024. The [...]
Commerce Resources Corp. announces that is has filed on SEDAR+ a technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects titled "Mineral Resource Estimate for the Ashram Rare Earth Element and Fluorspar Deposit, Nunavik, Québec, Canada". This filing follows the May 22, 2024 announcement of an updated mineral resource estimate for the Ashram Rare Earth Element [...]
Commerce Resources Corp. is pleased to announce that it has closed its previously announced non-brokered private placement of 28,000,000 flow-through units at a price of $0.18 per FT Unit for aggregate gross proceeds of $5,040,000 . Each FT Unit consists of one common share in the capital of the Company and one transferable common share purchase warrant . Each Warrant entitles the holder to acquire one additional non-flow [...]
Commerce Resources Corp. is pleased to announce, further to its news release dated May 21, 2024, that it has completed the sale of its interest in certain mineral claims comprising the "Blue River" property located near Blue River, British Columbia and certain real property owned by the Company also located in Blue River, B.C. ., to an arm's length private company pursuant to a property purchase agreement entered into [...]
