Commerce Resources Corp.

Commerce Resources Corp. is pleased to announce the appointment of Patrik Schmidt as its new Vice President of Exploration effective March 1, 2024. Jody Dahrouge will be stepping down as Vice President of Exploration; however, will remain as a Director of the Company. Mr. Dahrouge continues to play a critical and active role with the Company as Director. Patrik Schmidt, Principal at Dahrouge Geological Consulting Ltd., is [...]

Commerce Resources Corp. wishes to announce the appointment of Mr. Adam Ritchie as a new director. Mr. Ritchie brings with him a wealth of experience in the mining industry with a focus on major project development. His expertise and vision align well with Commerce's goals, and the Company looks forward to benefiting from his guidance in the coming years. Chris Grove, President of Commerce Resources, states "I am excited [...]

Commerce Resources Corp. wishes to announce that it has entered into a termination and forgiveness of debt agreement with Saville Resources Inc. , whereby the parties have mutually agreed to terminate the earn in agreement between Commerce and Saville on the Niobium Claim Group Property entered into in January 2018, and extended on January 11, 2023 . The Niobium Claim Group Property consists of 26 contiguous mineral [...]

Commerce Resources Corp. wishes to announce changes to its Board of Directors. Dr. Axel Hoppe has resigned as a director and Chairman of the Company, effective immediately. The Company would like to express its sincere gratitude to Dr. Hoppe for his invaluable contributions and dedicated service during his tenure. His insights and leadership have been instrumental in guiding the Company through various strategic [...]

Commerce Resources Corp. is pleased to report that, further to its news release dated September 29, 2023, where it announced the production of 0.43 kg of mixed rare earth carbonate , it has produced an additional 0.6 kg of mixed REC concentrate to satisfy third-party sample requests from industry. The 0.6 kg sample of mixed REC concentrate produced has an NdPr distribution of 20.5% and TbDy distribution of 0.89% . Of this [...]

Commerce Resources Corp. is pleased to announce that it has closed its previously announced non-brokered private placement , as described in its news release dated September 18, 2023. The Offering was over-subscribed, and the Company has received subscription agreements and subscription funds from subscribers to acquire 68,174,150 Units at a price of $0.08 per Unit for gross proceeds of $5,453,980. Each Unit consists of [...]

Commerce Resources Corp. is pleased to report that, further to its news release dated October 27, 2022, where it announced a successful scale-up of its process flowsheet to kilogram quantities of mixed rare earth carbonate , it has produced additional amounts of mixed REC concentrate to satisfy third-party sample requests. A 0.43 kg sample of mixed REC, with an NdPr distribution of 21.1% and TbDy distribution of 0.82 [...]

Commerce Resources Corp. is pleased to announce a non-brokered private placement offering consisting of the issuance of up to 60,000,000 units at a price of $0.08 per Unit for gross proceeds of up to $4,800,000 . 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 $0.12 per Share for a period of three [...]

Commerce Resources Corp. is pleased to announce the signing of a Letter of Intent with the Saskatchewan Research Council to deliver amounts of the Mixed Rare Earth Carbonate produced from the Ashram Rare Earth and Fluorspar Deposit to their Rare Earth Processing Facility in Saskatoon, SK. The intention of this collaboration is to complete the first full rare earth element supply chain in Canada from mine to metal. SRC is [...]

Commerce Resources Corp. is pleased to announce that, further to its news of June 22, 2023, and its intention to spin-out its Blue River property it has incorporated Capacitor Metals Corp., a British Columbia company which is currently a wholly-owned subsidiary of Commerce. Capacitor Metals Corp. will ultimately hold all the British Columbia claims comprising the Blue River Property owned by the Company, including the [...]