Commerce Resources Corp.

Published : June 16th, 2016

Commerce Resources Corp. Receives Grant for Environmental Studies on Flowsheet Processes for the Ashram Rare Earth Deposit

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Keywords :   Canada | Eau | Georgia | Niobium |

Commerce Resources Corp. Receives Grant for Environmental Studies on Flowsheet Processes for the Ashram Rare Earth Deposit

Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) (the 'Company' or 'Commerce') is pleased to announce that it has been awarded a grant totaling $300,000 from the Fonds de recherche du Québec - Nature et technologie (FRQNT) and the Ministère de l'Énergie et des Ressources naturelles (MERN). These funds will be directed to the optimization of tailings management for the Ashram Rare Earth Element Deposit in Quebec.

Company President Chris Grove says, 'I would like to thank the Province of Québec for their support of our efforts in regards to the environmental management and sustainability of our Ashram Project.'

The scope of this work will include characterization of the various tailings streams (liquid and residue) of the Ashram process flowsheet, as well as methods of recycling and/or managing these streams throughout the life of operation. A complete characterization of tailings material is an essential component for proper design and maintenance of the tailings management facility. In addition, the processing of the fluorspar concentrate (i.e. rare earth concentrate tailings) to acid-grade fluorspar will be included in the mandate, as the effectiveness of this upgrade will have a large impact on the final tailings material components.

This work will be completed in partnership with the Centre Eau Terre Environnement of the Institut national de la recherche scientifique (INRS), a research-oriented branch of the Université du Québec, which has considerable experience in environmental management and sustainability. The grant program is offered jointly through the Fonds de recherche du Québec - Nature et technologie (FRQNT) and the Ministère de l'Énergie et des Ressources naturelles (MERN), and will be applied over a three-year period.

The Federal and Quebec governments are actively supporting the advancement of clean/green technologies and renewable energy resource development as Canada transitions to a lower-carbon economy. This is demonstrated through various ongoing grant programs available at both the federal and provincial levels, as well as being recently highlighted by the legally binding, global climate change framework agreement from COP21 in Paris. An essential component of these clean/green technologies are magnets manufactured from REEs.

The results of the programs described in this news release will be incorporated, along with other necessary technical data including geological and engineering studies, into the ongoing Pre-feasibility Study, with costs and benefits to be described in more detail therein.

NI 43-101 Disclosure

Darren L. Smith, M.Sc., P.Geol., Dahrouge Geological Consulting Ltd., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.

About the Institut national de la recherche scientifique (INRS)

The Institut national de la recherche scientifique (INRS) is a research oriented branch of the Université du Québec, and is dedicated to fundamental and applied research, graduate studies, and the training of researchers. The INRS is comprised of four research centers focusing on environmental sustainability, advanced technologies, health, and social sciences, with locations in Quebec City, Laval, Montreal, and Varennes.

About Commerce Resources Corp.

Commerce Resources Corp. is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements.The Company is focused on the development of its Ashram Rare Earth Element Deposit in Quebec and the Upper Fir Tantalum and Niobium Deposit in British Columbia.

For more information please visit the corporate website at http://www.commerceresources.com or contact Investor Relations at 604.484.2700 or [email protected].

On Behalf of the Board of Directors

COMMERCE RESOURCES CORP.

'Chris Grove'

Chris Grove

President

Tel:604.484.2700

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. For example forward looking statements in this press release include and are not limited to the statements that the planned work will be completed over three years; any indication that the tailings facility will be built and that the results will be incorporated into the Pre-feasibility Study. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.Risks that could change or prevent these statements from coming to fruition include changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on current data that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; the availability oflabour, equipment and markets for the products produced; and despite the current expected viability of the project, conditions changing such that the minerals on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine can be obtained. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

Read the rest of the article at www.publicnow.com
Data and Statistics for these countries : Canada | Georgia | All
Gold and Silver Prices for these countries : Canada | Georgia | All

Commerce Resources Corp.

EXPLORATION STAGE
CODE : CCE.V
ISIN : CA2006971006
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Contact Cpy

Commerce Resources is a silver and gold development stage company based in Canada.

Commerce Resources holds various exploration projects in Canada.

Its main exploration properties are ELDOR, BLUE RIVER - FIR, CARBOT, AU-WEN CLAIMS and CABLE CREEK in Canada.

Commerce Resources is listed in Canada and in Germany. Its market capitalisation is CA$ 55.8 millions as of today (US$ 41.4 millions, € 37.2 millions).

Its stock quote reached its highest recent level on May 11, 2007 at CA$ 1.80, and its lowest recent point on August 16, 2019 at CA$ 0.04.

Commerce Resources has 293 860 000 shares outstanding.

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Financings of Commerce Resources Corp.
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Nominations of Commerce Resources Corp.
4/23/2008Announces New Board Appointment
Project news of Commerce Resources Corp.
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12/4/2013from the Ashram Rare Earth Element Project
11/5/2013Invitation to the Edelmetall- & Rohstoff-Messe 2013
9/13/2013on 2013 Summer Field Program at Ashram Rare Earth Element De...
8/13/2013s Metallurgical Advancements on the Ashram Rare Earth Elemen...
6/19/2013Announces Summer Drill Program at Ashram Rare Earth Element ...
3/27/2013s Programs for Upper Fir Deposit
2/20/2013Produces 40% TREO Mineral Concentrate from Ashram Rare Earth...
11/6/2012Interview with Resource Stock Digest
9/21/2012Engages Roche Ltd. for the Ashram Rare Earth Element Deposit...
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5/24/2012Reports Robust PEA for Ashram Rare Earth Element Deposit
3/6/2012(Eldor)Reports Significant Increase in Resources and Grade at Eldor
1/27/2012Intersects 325.31m of 1.96% TREO
12/31/2011Exclusive Audio Interview: Resource Stock Digest
12/15/2011Intersects Significant Middle and Heavy Rare Earth Enrichmen...
11/29/2011Comments on Commerce Resources Corp. in Critical Metals Repo...
9/24/2011Amends Option Agreement for Carbo Rare Earth Property
8/26/2011(Eldor)on Rare Earth Element Exploration at Eldor Property, Quebec
5/3/2011(Eldor)Update on Drilling at Eldor Rare Earth Project
3/3/2011Ashram Rare Earth Element Deposit Confirmed as a Large Infer...
3/3/2011(Eldor)Resumes Work at Ashram Rare Earth Zone, Eldor Property, Queb...
1/27/2011(Eldor)Intersects 2.30% TREO over 172.89 m at the Eldor Property, Q...
6/5/2008(Eldor)Drilling Begins at Niobium, Tantalum, Phosphate and Uranium ...
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6/21/2016Commerce Resources Corp. Announces Filing of Amended and Res...
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12/23/2013News Release
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7/12/2013Announces Resource Update for Upper Fir Tantalum-Niobium Dep...
1/11/2013Invitation to the 2013 Vancouver Resource Investment Confere...
7/6/2012Announces Updated Mineral Resource for Upper Fir Tantalum-Ni...
7/6/2012Files PEA for Ashram Rare Earth Element Deposit on SEDAR
12/8/2011(Eldor)Drills Significant Heavy Rare Earths at Eldor
9/19/2011Fundamental Research Corp. Issues Rating for Commerce Resour...
9/1/2011Strategy Metals Bulletin: Tantalum Fundamentals
8/4/2011Confirms Middle and Heavy Rare Earth Enrichment at Ashram
6/29/2011(Eldor)Drills 2.10% TREO Over 586 metres at Eldor
6/6/2011Closes $7.5 Million Private Placement
4/19/2011(Eldor)Files NI 43-101 Report for Eldor Rare Earth Mineral Resource
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3/30/2011Fundamental Research Corp. Issues Rating for Commerce Resour...
9/23/2008Welcomes Honourable Gordon Hogg Minister Responsible for Min...
8/11/2008Exploration Update for Blue River Tantalum and Niobium Proje...
7/14/200880% Price Increase for Tantalum Raw Materials
2/15/2008 Announces Graduation to TSX Venture Tier 1
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12/3/2007Featured in The Vancouver Province
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