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. (OTCQX: CMRZF) generates news primarily around the advancement of its Ashram Rare Earth and Fluorspar Deposit and related critical mineral prospects on the Eldor Property in northern Quebec, Canada. Company announcements highlight technical milestones, exploration results, infrastructure funding and corporate transactions that shape the development path of this junior mineral resource company.
News releases frequently cover project development updates at Ashram, including metallurgical test work such as flotation locked-cycle testing that has produced high-grade rare earth mineral concentrates at strong recoveries. These updates often relate to the company’s work on a simplified flotation-only flowsheet and its integration into a planned Preliminary Economic Assessment for the Ashram Rare Earth and Fluorspar Deposit.
Investors and sector followers will also find detailed exploration news from the Eldor Property, particularly regarding niobium-focused drilling at prospects such as Mallard, Spoke, Miranna, Knox, Northwest and Moira. Commerce reports drill intercepts, interpretations of mineralized corridors and the potential for joint development scenarios where niobium, tantalum and phosphate occurrences could complement the Ashram rare earth and fluorspar resource.
Another recurring theme in Commerce’s news is infrastructure and funding. The company has announced conditional approval for funding from Natural Resources Canada’s Critical Minerals Infrastructure Fund to support access road work to Ashram, as well as private placements and convertible note financings intended to fund ongoing studies and working capital. Corporate and governance updates, including management changes, stock option grants and a proposed merger with Mont Royal Resources Limited to create a Québec-focused critical minerals developer with a dual ASX–TSXV listing, are also key elements of the news flow.
By following CMRZF news, readers can track how technical results, financing decisions, infrastructure initiatives and strategic transactions intersect in the evolution of the Ashram Project and the broader Eldor critical minerals portfolio.
Commerce Resources Corp. has initiated a summer drill program at the Ashram Rare Earth and Fluorspar Deposit in Quebec, aiming to conduct 2,200 meters of NQ size core drilling over 7-10 holes. The project seeks to improve resource confidence and delineate the deposit, which is open to the north and south. Previous estimates indicated 1.6 million tonnes at 1.77% REO. The company is advancing its Prefeasibility Study while adhering to COVID-19 protocols. This endeavor strengthens Commerce's position in the rare earth and fluorspar markets.
Commerce Resources Corp. (OTCQX:CMRZF) has announced the successful shipment of its first mixed rare earth carbonate concentrate sample to a major global rare earth element producer for evaluation. The sample boasts a neodymium plus praseodymium oxide distribution of 24.2%, surpassing previous samples and several major producers. The mixed REC concentrate is produced from the Ashram Deposit, which is among the largest REE deposits globally, with an inferred resource of 219.8 million tonnes. Commerce aims to enhance production to meet rising market demand.
Commerce Resources Corp. has announced the successful production of a new mixed rare earth carbonate sample from its Ashram Deposit in Quebec, with a neodymium and praseodymium distribution of 22.4%, surpassing previous and industry averages. The sample, weighing 55 g, contains 50.9% rare earth oxide and will be evaluated by third-party processors. The ongoing scale-up aims for larger kilogram samples, reinforcing the company's position as a potential low-cost global supplier of rare earth elements.
Commerce Resources Corp. has partnered with CanmetMINING to enhance the Ashram Rare Earth and Fluorspar Deposit's development through metallurgical testwork. This collaboration aims to optimize the project's flowsheet as it progresses toward prefeasibility design. The initiative is backed by federal R&D support under the Critical Minerals Research program, targeting advancements in critical minerals processing. Initial test programs have commenced following the preparation of mineralized samples, which contain significant resources including 1.6 million tonnes measured at 1.77% rare earth oxide.
Commerce Resources Corp. (OTCQX:CMRZF) has successfully produced a sample of mixed rare earth carbonate (REC) that meets market specifications. The sample features a neodymium and praseodymium oxide distribution of 21.6%, surpassing several global competitors. This achievement marks a significant step towards finalizing its metallurgical program for the Ashram Deposit in Quebec. The company plans to produce ~2.5 kg of mixed REC for third-party evaluations shortly. The Ashram Deposit is among the largest globally, with substantial resources of rare earth oxides and fluorspar.
Commerce Resources Corp. has announced the results of its final two drill holes from the 2021 program at the Ashram Rare Earth and Fluorspar Deposit. Notable findings include 1.82% rare earth oxide over 225.4 m and 1.71% over 147.8 m. The aim of the drill program was to upgrade mineral resource confidence to support a Prefeasibility Study. Company President Chris Grove highlighted the positive results, indicating the potential for a significant mineral deposit. The Ashram Deposit ranks among the largest globally, with extensive resources available for future exploration.
Commerce Resources Corp. (OTCQX:CMRZF) reported promising assay results from three drill holes at the Ashram Rare Earth and Fluorspar Deposit, part of the 2021 exploration program. Highlights include:
- 1.79% REO over 223.2 m
- 1.71% REO over 221.5 m
- 1.97% REO over 23.3 m
The results are aimed at upgrading resource confidence to support a prefeasibility study, with expectations of converting significant inferred resources to measured categories. All drill holes intersected consistent mineralization and strong NdPr distributions.
Commerce Resources Corp. reports significant assay results from three drill holes at its Ashram Rare Earth and Fluorspar Deposit. The 2021 drill program, supporting a Prefeasibility Study, identified 1.78% REO over 274.3 m and a strong NdPr oxide distribution of 22.2% in one hole. The company anticipates converting a large portion of inferred resources to indicated and measured resources. The deposit is among the largest globally, with substantial resources of rare earths and fluorspar, positioning Commerce as a potential low-cost producer in the market.
Commerce Resources Corp. has announced a collaboration with Corem to support the development of the Ashram Rare Earth and Fluorspar Deposit in Quebec. Funded by the province's Ministère de l'Énergie et des Ressources naturelles with $1.4 million over 3 years, this initiative aims to advance rare earth element projects and optimize extraction processes. The company has shipped approximately 1 tonne of bulk sample material for testing. The Ashram Deposit is notable for its large resource and high recovery rates, positioning Commerce as a potential low-cost global rare earth producer.
Commerce Resources Corp. (OTCQX: CMRZF) announced promising assay results from its Ashram Rare Earth and Fluorspar Deposit in Quebec, revealing significant rare earth oxide (REO) concentrations. The drill program, conducted in mid-2021, included twelve drill holes totaling 2,814 meters. Highlights include 2.19% REO over 302 meters in hole EC21-187 and strong NdPr oxide distributions ranging from 19%-24%. The company aims to convert inferred resources to indicated and measured classifications, supporting future prefeasibility studies.