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 [...]
Commerce Resources Corp. is pleased to announce a non-brokered private placement offering consisting of the issuance of up to 16,000,000 units at a price of $0.126 per Unit for gross proceeds of up to $2,016,000 . Each Unit will consist 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 two [...]
June 6, 2024 - Commerce Resources Corp. is pleased to announce a non-brokered private placement offering of up to 27,777,777 charity flow-through shares at a price of $0.18 per FT Share for aggregate gross proceeds of up to $5,000,000 . The FT Shares are being issued pursuant to a charity arrangement structured by Peartree Securities Inc. The Company also announces that it has entered into an agreement with Churchill SIG [...]
Commerce Resources Corp. is pleased to announce that planning is underway for a diamond drill program at their wholly owned Eldor Property, targeting further delineation of niobium mineralization at the Mallard Prospect, and continued exploration at the Miranna Prospect, located in northern Quebec. A total of twenty to thirty NQ-size drill holes, for a minimum of 7,500 m, are planned for the program. One of the main [...]
Highlights: The updated mineral resource estimate considers 28,783 meters of diamond drilling to increase the Indicated Resource tonnage by 164%: Indicated Resource: 73.2 Mt at 1.89% TREO?and 6.6% CaF2, and Inferred Resource: 131.1 Mt at 1.91% TREO and 4.0% CaF2. Contains a high percentage of the magnet feed rare earth elements neodymium & praseodymium , exceeding that of several active global producers: / TREO of 21.2 [...]
Commerce Resources Corp. has elected to dispose of the Blue River Assets by pursuing a sale of the property to a third party . Company President Chris Grove states "We believe that focusing exclusively on our claims in Quebec with the significant opportunities of both our Ashram REE/ Fluorspar Deposit and our highly prospective niobium claims - on which we plan to drill this year - makes the best sense for the Company. We [...]
Commerce Resources Corp. is pleased to announce the publication of a paper on rare earth element mineral processing, which has been supported by sample material from the Ashram Rare Earth and Fluorspar Deposit, wholly owned by the Company, located in Nunavik, Quebec. The paper, titled "Assessment of the impact of grinding conditions and water quality on the flotation of rare earth elements bearing minerals using [...]
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