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Commerce Resources Corp. Initiates Downstream Hydrometallurgical Program for the Ashram Rare Earth Deposit
1. Commerce Resources Corp. Initiates Downstream Hydrometallurgical
Program for the Ashram Rare Earth Deposit
September 23, 2014 - Commerce Resources Corp. (TSXv: CCE, FSE: D7H) (the “Company”
or “Commerce”) announces that it has initiated a program of downstream hydrometallurgical
processing for material from the Ashram Rare Earth Deposit. This hydrometallurgical testing
will demonstrate the entire conceptualized flowsheet with a target of producing a mixed rare
earth carbonate (REC) product. Once the hydrometallurgical flowsheet is fully bench tested, and
mineral processing further optimized, a mini pilot plant will commence to generate feed for the
production of a cerium and lanthanum depleted mixed REC concentrate for evaluation by a
potential joint venture and/or off-take partner.
The testwork also allow for a deeper evaluation of other potential end-product options with ready
markets.
After a detailed review of the flowsheet, as well as a third party in-depth review of marketable
rare earth products and potential end-users, the work is now focusing on the following
objectives:
1. Optimize the mineral processing flowsheet by focussing on increased TREO recovery as
well as HCl regeneration in the leach to further reduce acid consumption.
2. Complete bench testing of the conceptual hydrometallurgical flowsheet in preparation for
various end-product generation and evaluation.
3. Complete a mineral processing mini pilot plant to confirm the process on a larger scale,
and to generate feed for full demonstration of the hydrometallurgical flowsheet through
to production of ~1-2 kg of Ce-La depleted mixed REC.
The metallurgical programs will be conducted at UVR-FIA GmbH in Germany, and Hazen
Research Inc. in Golden, CO. Both the hydrometallurgical and mineral processing programs will
be completed in a parallel and cooperative manner between Hazen and UVR for optimal
advancement of the schedule.
Commerce President Chris Grove states: “Through our understanding of industry interests and
requirements, we are excited to be initiating these advanced metallurgical programs with Hazen
and UVR.”
2. 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.
Eric Larochelle, Eng, and Alain Dorval, Eng., Manager- Process, Mining and Mineral
Processing., of Roche Ltd, Consulting Group, Qualified Persons as defined by National
Instrument 43-101, reviewed the technical information presented in this news release.
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 www.commerceresources.com or
contact Investor Relations at 1.866.484.2700 or info@commerceresources.com.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
“Chris Grove”
Chris Grove
President
Tel: 604.484.2700
Email: cgrove@commerceresources.com
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. Forward looking statements in this press release include but are not limited to hydrometallurgical testing
will demonstrate the entire conceptualized flow-sheet; the production of a mixed rare earth carbonate product;
references to a mini pilot plant; the generation of feed for the production of cerium and lanthanum depleted mixed
rare earth carbonate; potential joint venture partner evaluation and any off-take agreements; increasing TREO
recovery; reduction in acid consumption; completion of bench testing and confirming the process on a larger scale.
3. These forward-looking statements are based on the opinions and estimates of management and its consultants at the
date the information is disseminated. They 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 the ability to finance ongoing
exploration, development and metallurgical programs, changing costs for mining and processing; changing forecasts
of mine production rates; the timing and content of upcoming work programs; geological interpretations based on
drilling that may change with more detailed information; potential process methods and mineral recoveries
assumption based on test work; the availability of labour, equipment and markets for the products produced; market
pricing 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.