Commerce Resources Corp. is pleased to announce that, further to its News Release of December 15, 2021, it has completed a non-brokered private placement, pursuant to which it has issued an aggregate of 8,641,429 common shares issued on a "flow-through" basis pursuant to the Income Tax Act at a price of $0.28 per Share for gross proceeds of $2,419,600.12 . The aggregate gross proceeds from the sale of the Offering will be [...]
Commerce Resources Corp. is pleased to announce a non-brokered private placement consisting of the issuance of up to 10,700,000 common shares issued on a "flow-through" basis pursuant to the Income Tax Act and the Taxation Act at a price of $0.28 per Share for gross proceeds of up to $3,000,000 . Insiders may participate in the Offering. The aggregate gross proceeds from the sale of the Offering will be used to advance [...]
Commerce Resources Corp. is pleased to announce assay results from Saville Resources Inc.'s maiden drill program completed on the Miranna Prospect as part of its 2021 diamond drill program at the Niobium Claim Group Property , owned by Commerce. The Property covers several prospective and advanced-stage niobium-tantalum targets, where Saville Resources is completing an Earn-in Agreement for up to a 75% interest in the [...]
Zimtu Capital Corp. is pleased to announce its next Zoom with Zimtu presentation will feature equity holdings Commerce Resources Corp. and Saville Resources Inc. and guest speakers Chris Grove, President of Commerce Resources and Mike Hodge, President & CEO of Saville Resources, on Tuesday November 23rd starting at 10:00 AM PST / 1:00 PM EST / 7:00 PM CET . The format of the virtual event will include exploration updates [...]
Commerce Resources Corp. is pleased to announce it has signed an agreement with Zimtu Capital Corp. whereas Zimtu shall provide Commerce Resources services under the ZimtuADVANTAGE program. ZimtuADVANTAGE is a program designed to provide opportunities, guidance, cost savings and assistance to clients covering multiple aspects of being a public company. The services may include building financial networks, building [...]
Commerce Resources Corp. is pleased to announce sample assay results for the first three drill holes from Saville Resources Inc.'s 2021 diamond drill program at the Niobium Claim Group Property , located in northern Quebec. The Property covers several prospective and advanced-stage niobium-tantalum targets, where Saville Resources is completing an Earn-in Agreement for up to a 75% interest in the claim group. The 2021 [...]
Commerce Resources Corp. is pleased to announce that it has signed an agreement with HE Capital Markets , an investor relations and capital markets advisory firm located in London, England, to provide investor relations services to the Company for a period of three months. The Company will pay HE Capital a fee of US$15,000 in consideration for the Services. Richard O'Rourke will provide the Services to the Company. Mr [...]
Commerce Resources Corp. is pleased to provide an update on the progress of the Prefeasibility Study for the Ashram Rare Earth and Fluorspar Deposit. A gap analysis of the entire Ashram Project, from deposit to marketable product, has recently been completed by BBA Inc. The purpose of this analysis is to identify any remaining elements of the Project that require further data collection, review, and study, to ensure they [...]
Commerce Resources Corp. is pleased to announce that it has completed its 2021 field campaign, which has focused on the remaining field components required to support the ongoing Prefeasibility Study on the Ashram Rare Earth and Fluorspar Deposit, located in northern Quebec. In addition to the diamond drill program of 2,814 metres over 12 holes recently completed , the Company has also successfully completed the [...]
Commerce Resources Corp. is pleased to announce that it will be providing in-kind support for an academic project involving the research and development of ecologically friendly flotation collector reagents. Specifically, the Company will contribute Ashram Deposit material, collected from the 2012 bulk sample, to support the study. The initial objective of the project, named SideroFlot, was to develop a bio-based process [...]
Commerce Resources Corp. is pleased to announce that it has initiated a mineral processing program to determine the final Prefeasibility Study design criteria of the front-end flowsheet for the Ashram Rare Earth and Fluorspar Deposit. The program has been developed in coordination with the Qualified Persons for the Project's PFS flowsheet design and will be carried out at Hazen Research, where the Company's conventional [...]
Commerce Resources Corp. announces that it has applied to the TSX Venture Exchange for an amendment to the terms of the 9,674,153 warrants issued in connection with the Company's private placement which held its first closing on October 11, 2019 and second closing on October 31, 2019. The Company proposes to extend the expiry date of the Warrants from October 11, 2021 to October 11, 2024 in respect of the first closing [...]
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