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 has announced a significant update to the mineral resource estimate (MRE) for the Ashram Rare Earth & Fluorspar Deposit in Quebec. The indicated resource tonnage has increased by 164%, now standing at 73.2 Mt at 1.89% TREO and 6.6% CaF2, with inferred resources at 131.1 Mt at 1.91% TREO and 4.0% CaF2. The deposit shows high percentages of neodymium (Nd) and praseodymium (Pr), important for magnet production.
The updated MRE includes data from 28,783 meters of diamond drilling and incorporates three monazite-mineralized zones. The geological model suggests a continuous mineralized carbonatite body, enhancing the project's extraction potential. A forthcoming niobium drill program aims to explore further resource potential.
This update reinforces Ashram's status as a major rare earth element (REE) deposit, with high strategic value due to its favorable element distribution. The company plans ongoing work to unlock the deposit's full potential.
Commerce Resources has announced its intention to sell its Blue River property in British Columbia to an arm's length private company, Capacitor Metals. This decision aligns with Commerce's strategy to focus on its Quebec assets, including the Ashram REE/Fluorspar Deposit and prospective niobium claims. The sale includes mineral claims and real property in Blue River, and Commerce will receive 20 million common shares of the Purchaser valued at $0.05 per share. The company plans to distribute these shares to its shareholders pro rata. Completion of the transaction is contingent on conditions in the Purchase Agreement and may require TSX Venture Exchange approval.
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