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. reports developments tied to the Ashram Rare Earth and Fluorspar Deposit, a wholly owned project in Nunavik, Quebec, and related exploration on the Eldor Property. Company news commonly covers rare earth elements, fluorspar, niobium and phosphate mineral potential, including drill results from niobium prospects such as Mallard, Spoke, Moira, Loon and Northwest.
Recurring updates also address access-road and infrastructure planning, equity incentive grants, board and management changes, shareholder voting matters, material agreements, capital-structure disclosures, and operating or financial results for the company’s public securities, including CMRZF on OTCQX.
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Commerce Resources Corp. (OTCQX:CMRZF) announced significant assay results from its 2022 drill program at the Ashram Rare Earth and Fluorspar Deposit in Quebec. The program included twelve drill holes totaling 2,778.6 m, highlighting impressive intersections such as 392.8 m at 2.12% REO with 21.6% NdPr from surface. This positions the Ashram Deposit among the largest REE sources globally, with an extensive mineralized footprint. The results support the advancing Prefeasibility Study aimed at increasing resource confidence and expanding the production scenario. The company also issued 4.6 million stock options to various stakeholders at $0.185 per share.
Commerce Resources Corp. (OTCQX: CMRZF) announces the extension of its earn-in agreement with Saville Resources Inc. for the Niobium Claim Group Property in Quebec until January 2024. This property, part of Commerce's Eldor claims, includes 26 mineral claims over 1,223 hectares and has shown promising results, with high niobium and tantalum grades in initial drill testing. Commerce's President Chris Grove expressed excitement regarding Saville's exploration work over the past five years. The Ashram Rare Earth and Fluorspar Deposit continues to be a focal point for the company, aiming to become a low-cost producer of rare earth elements.