Commerce Resources Corp.

HighlightsLocked-cycle testing of the Ashram Deposit's flotation-only flowsheet has resulted in high-grade rare earth mineral concentrate at strong recovery.36 to 37% REO1 at overall recoveries of 65 to 68%.Mineral concentrate grades compare favourably to historical and current hard rock global rare earth producers, of which 30% REO is the typical lowest grade concentrate produced.Results will be incorporated into a pending Preliminary Economic Assessment on the Ashram Rare Earth and Fluorspar Deposit on schedule for Q2-2025.Variability testing and pilot plant testing scheduled for the...

Highlights:Commerce Resources discovers significant niobium mineralization in first drill program at Knox Prospect:96.5 m at0.51% Nb2O5 (EC24-220), including,69.4 m at 0.61% Nb2O5106.0 m at0.40% Nb2O5(EC24-221), including,14.5 m at 0.60% Nb2O5, and20.5 m at 0.60% Nb2O5Mineralization remains open in all directions.Follow-up on initial drill testing completed at the Miranna Prospect has successfully extended mineralization starting from surface along-strike:65.7 m at0.53% Nb2O5(EC24-215), including,35.7 m at 0.67% Nb2O572.4 m at0.49% Nb2O5 (EC24-216), including,20.3 m at 0.62% Nb2O5Core...

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESSWIRE / August 13, 2024 / Commerce Resources Corp. (TSXv:CCE)(FSE:D7H0) (the "Company" or "Commerce") is pleased to announce that it has closed its previously announced non-brokered private placement offering of 16,000,000 units (each, a "Unit") at a price of $0.126 per Unit for gross proceeds of up to $2,016,000 (the "Offering"). Each Unit consists of one common share of the Company (each, a "Share") and one common sha...