Commerce Resources Corp. (TSXv: CCE) is pleased to announce that a reduction in flowsheet processing steps has been confirmed at the pilot scale for the Company's 100% owned Ashram Rare Earth Deposit.
Commerce Resources Corp. announces that it has made significant metallurgical improvements to its mineral concentrate for the Ashram Rare Earth Deposit. Overall rare earth element recoveries have now increased from 71% to 76% while maintaining a grade of greater than 40% TREO. In addition, the recent testwork has simplified the leach process stage of the flowsheet through the elimination of the secondary leach.
Commerce Resources Corp. (TSXv: CCE) announces the achievement of key metallurgical milestones with the successful completion of a leach mini-pilot plant and the subsequent production of the highest-grade mineral concentrate to date from the Company’s 100% owned Ashram Rare Earth Deposit.
Commerce Resources Corp. (TSXv: CCE) announces that the flotation mini-plany is underway using bulk sample material from the company's 100% owned Ashram Rare Earth Deposit in northern Quebec.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H) announced that a significant reduction in the consumption of three principal flotation reagents has been achieved in bench scale development testwork for the Ashram Rare Earth Deposit.
Secutor Capital Management Corporation Update on Commerce Resources Corp. (Fe...Rare Earths / Rare Metals
Secutor Capital Management Corporation update on Commerce Resources Corp. On February 11, Commerce announced the start-up of the mineral processing
mini pilot plant for Ashram. During 2014, Commerce completed bench scale testing of the deposit and confirmed a mineral processing flowsheet that included a grinding circuit, a flotation circuit, a weak hydrochloric acid (HCl) leach to remove carbonate, and Wet High Intensity Magnetic Separation (WHIMS) to remove fluorite. The resultant mineral concentrate assayed 43.6% total rare earth oxide (TREO) with recoveries of 70.7%. A mini pilot plant is the next step to substantiate the Company’s flowsheet and the viability of its rare earth concentrate products. Commerce estimates that $1.2 million will be
required to complete downstream metallurgical work at Ashram, including the operation of the hydrometallurgical pilot plant portion...
Commerce Resources Corp. announces that it has made significant metallurgical improvements to its mineral concentrate for the Ashram Rare Earth Deposit. Overall rare earth element recoveries have now increased from 71% to 76% while maintaining a grade of greater than 40% TREO. In addition, the recent testwork has simplified the leach process stage of the flowsheet through the elimination of the secondary leach.
Commerce Resources Corp. (TSXv: CCE) announces the achievement of key metallurgical milestones with the successful completion of a leach mini-pilot plant and the subsequent production of the highest-grade mineral concentrate to date from the Company’s 100% owned Ashram Rare Earth Deposit.
Commerce Resources Corp. (TSXv: CCE) announces that the flotation mini-plany is underway using bulk sample material from the company's 100% owned Ashram Rare Earth Deposit in northern Quebec.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H) announced that a significant reduction in the consumption of three principal flotation reagents has been achieved in bench scale development testwork for the Ashram Rare Earth Deposit.
Secutor Capital Management Corporation Update on Commerce Resources Corp. (Fe...Rare Earths / Rare Metals
Secutor Capital Management Corporation update on Commerce Resources Corp. On February 11, Commerce announced the start-up of the mineral processing
mini pilot plant for Ashram. During 2014, Commerce completed bench scale testing of the deposit and confirmed a mineral processing flowsheet that included a grinding circuit, a flotation circuit, a weak hydrochloric acid (HCl) leach to remove carbonate, and Wet High Intensity Magnetic Separation (WHIMS) to remove fluorite. The resultant mineral concentrate assayed 43.6% total rare earth oxide (TREO) with recoveries of 70.7%. A mini pilot plant is the next step to substantiate the Company’s flowsheet and the viability of its rare earth concentrate products. Commerce estimates that $1.2 million will be
required to complete downstream metallurgical work at Ashram, including the operation of the hydrometallurgical pilot plant portion...
Secutor Capital Management Corporation Update on Commerce Resources Corp. (De...Rare Earths / Rare Metals
Secutor Capital Management Corporation provides an update on rare earth element explorer Commerce Resources Corp. The update was released December 22, 2014.
Commerce Resources Corp. provides an overview of the pending 2013 field program at its 100% owned Ashram Rare Earth Element Deposit located in Northern Quebec.
Commerce Resources Corp. announces the completion of the flotation pilot plant, the first phase in a series of related pilot plant tests on material from the Company's 100% owned Ashram Rare Earth Deposit.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H) is pleased to provide an update on the flotation pilot plant currently underway for the Company’s 100% owned Ashram Rare Earth Deposit.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX:
CMRZF) is pleased to announce results for an additional eleven drill holes from the recently completed winter/spring drill program at the Ashram Rare Earth Deposit located in northern Quebec.
Highlights are as follows:
- 199.11 metres (m) of 1.98% TREO(1), including 45.42 m of 2.44% TREO (EC15-129)
- 149.42 m of 1.88% TREO, including 43.87 m of 2.20% TREO (EC15-139)
- Expansion of rare earth element (REE) mineralization south, and potentially north, of the Ashram Deposit
Commerce Resources Corp. (TSXv: CCE) announced the completion of a National Instrument 43-101 compliant Mineral Resource update that incorporates drilling results to the end of 2010 for the Upper Fir Tantalum-Niobium Deposit at Blue Rvier, British Columbia. The technical report was prepared by AMEC Americas Limited.
Secutor Capital Management Corporation Update on Commerce Resources Corp. (De...Rare Earths / Rare Metals
Secutor Capital Management Corporation provides an update on rare earth element explorer Commerce Resources Corp. The update was released December 22, 2014.
Commerce Resources Corp. provides an overview of the pending 2013 field program at its 100% owned Ashram Rare Earth Element Deposit located in Northern Quebec.
Commerce Resources Corp. announces the completion of the flotation pilot plant, the first phase in a series of related pilot plant tests on material from the Company's 100% owned Ashram Rare Earth Deposit.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H) is pleased to provide an update on the flotation pilot plant currently underway for the Company’s 100% owned Ashram Rare Earth Deposit.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX:
CMRZF) is pleased to announce results for an additional eleven drill holes from the recently completed winter/spring drill program at the Ashram Rare Earth Deposit located in northern Quebec.
Highlights are as follows:
- 199.11 metres (m) of 1.98% TREO(1), including 45.42 m of 2.44% TREO (EC15-129)
- 149.42 m of 1.88% TREO, including 43.87 m of 2.20% TREO (EC15-139)
- Expansion of rare earth element (REE) mineralization south, and potentially north, of the Ashram Deposit
Commerce Resources Corp. (TSXv: CCE) announced the completion of a National Instrument 43-101 compliant Mineral Resource update that incorporates drilling results to the end of 2010 for the Upper Fir Tantalum-Niobium Deposit at Blue Rvier, British Columbia. The technical report was prepared by AMEC Americas Limited.
Commerce Resources Corp. released analytical results from their Eldor Rare Earth Project in Quebec. The results showed significant intersections of rare earth elements.
Commerce Resources Corp. is pleased to announce that the Company's common shares commenced trading on the OTCQX in the United States under the ticker symbol "CMRZF."
Commerce Resources Corp. announces the results for the 3 remaining drill holes from the 2015 winter/spring drill program at the Ashram Rare Earth Deposit located in northern Quebec.
On July 12, 2013, Commerce Resources Corp. (TSXv: CCE) announced it has delineated a significant Ta- and Nb-rich carbonatite deposit near the community of Blue River in central eastern British Columbia, and the completion of a National Instrument (NI) 43-101 compliant Mineral Resource update that incorporated drilling and other exploration results to the end of 2012 for the Upper Fir Tantalum-Niobium Deposit.
On December 4, 2013, Commerce Resources Corp. (TSXv: CCE) announced significant advancements in the metallurgical flowsheet for the Ashram Rare Earth Deposit.
Commerce Resources Corp. (TSXv: CCE) announces additional results from the on-going metallurgical programs on the Company's 100%-owned Ashram Rare Earth Element Deposit. Significant metallurgical advancements have been made since those detailed originally in their November 15, 2012 news release.
Commerce Resources Corp. (TSXv: CCE) provides an update on work completed at its Blue River Tantalum-Niobium Project since the release of the National Instrument 43-101 compliant Mineral Resource Update for the Upper Fir Deposit. The news updates the geological, engineering, metallurgical and environmental programs carried out.
Commerce Resources Corp. (TSXv: CCE) updated the drill results from the winter/spring drill program at the Ashram Rare Earth Deposit in northern Quebec. In one of the drill holes, the Company intersected the strongest heavy rare earth element mineralization to date from the project.
A PowerPoint presentation from Range reviewing recent production and developments, delivered as part of their 1Q14 update. Lots of great information. In particular, MDN likes the following slides: 7, 11, 12-17, 31, 51, 53, 56. Take time to review the entire thing!
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) announces 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.
Commerce Resources Corp. announced that crew and equipment mobilization for a winter drill program will commence at its 100% owned Ashram Rare Earth Deposit located in northern Quebec.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) announces that it has entered into a Memorandum of Understanding (MOU) with NorFalco Sales, a division of Glencore Canada Corporation.
Under the terms of the MOU, the Company agrees that NorFalco will be the sole provider of the sulphuric acid required for the Ashram Project, at highly competitive market rates and terms. The agreement is binding and is subject to an initial 5 year term and may be re-negotiated thereafter.
A fantastic presentation loaded with useful charts, maps, bullet points and more. Much of it focuses on Range's Marcellus (and northeast) shale drilling program, although other resource plays are covered as well. Range has done the industry (and their investors) a great service in releasing this presentation. Don't miss it!
Commerce Resources Corp. (TSXv: CCE) announced an update on the drill program currently underway at its
100% owned Ashram Rare Earth Deposit located in northern Quebec.
A total of seven holes have been completed with a focus along the eastern side of the near surface mineralization over Centre Pond, straddling the eastern contact of the deposit. The holes completed to date are NQ in diameter with depths ranging from approximately 80 to 160 m to
coincide with end-of-hole depths targeted below the level of the deepest Whittle pit shell identified in the Preliminary Economic Assessment (PEA) (effective date of July 5, 2012; revised January 7, 2015). The preliminary economic assessment is preliminary in nature, in that it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as reserves.
Commerce Resources Corp. (TSXv: CCE) provides an update on its Infrastructure Development Plan as part of the ongoing Pre-feasibility Study (PFS) underway for he Ashram Rare Earth Deposit located in northern Quebec.
Commerce Resources Corp. provides an update on the second phase of the 2015 drill program underway at its 100% owned Ashram Rare Earth Deposit located in northern Quebec.
Commerce Resources Corp. reports the results of a prospecting and sampling program completed on the Eldor Property. The results of this program are extremely encouraging, including the highest niobium mineralized sample collected to date from the area: 5.9% Nb2O5.
Commerce Resources Corp. announced that it has closed the second tranche of its previously announced short-form prospectus offering and its non-brokered flow-through private placement.
Commerce Resources Corp. (TSXv: CCE; FSE: D7H) is pleased to announce that it has filed an amended and restated final short form prospectus, amending and restating the short form prospectus dated February 25, 2016, with the securities regulatory authorities in the Provinces of British Columbia, Alberta and Ontario in connection with a best efforts offering of units (the “Units”) of the Company at a reduced price of $0.075 per Unit for gross proceeds of a minimum of $1 million and up to a maximum of $3 million.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) announces that it has completed a preliminary evaluation of local and regional wind data to the west of Lac LeMoyne, indicating favourable wind speeds for renewable power development as part of the Ashram Rare Earth Project’s energy requirements.
Commerce Resources Corp. (TSXv: CCE; FSE: D7H) is pleased to announce that it has filed on February 26, 2016, a final short form prospectus with the securities regulatory authorities in the Provinces of British Columbia, Alberta and Ontario in connection with a best efforts offering of units (the “Units”) of the Company at a price of $0.10 per Unit for gross proceeds of a minimum of $1 million and up to a maximum of $3 million (the “Offering”). The Company has granted the agent an over-allotment option to sell up to an additional 15% of the Offering on the same terms and conditions, exercisable at any time following the closing of the Offering for a period of 30 days.
Commerce Resources Corp. (TSXv: CCE) has announced that it has closed a second tranche of a non-brokered private placement. Combining both tranches, the Company has raised a total of $1,974,225.
Commerce Resources Corp. (TSXv: CCE) announced that it has closed a first tranche of a non-brokered private placement for gross proceeds of $1,650,429. The proceeds of the private placement will be used in qualified exploration expenditures at the Company's mineral properties in Quebec.
Commerce Resources Corp. (TSXv: CCE) announces that it has received the 2015 e3 Plus Award, presented annually by the Association de l'exploration minière du Québec (AEMQ), for its work in advancement of the Ashram Rare Earth Project in Northern Quebec.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) reports the completion of a recent round-table session in Kuujjuaq, as well as a project site visit, attended by several key Inuit organizations as part of its ongoing community dialogue and information exchange program. This process is one of many key aspects to be carried out as part of the ongoing Pre-feasibility Study (PFS) underway for the Ashram Rare Earth Deposit located in northern Quebec.
Commerce Resources Corp. is pleased to announce that the second phase of the 2015 drill program is underway at its 100% owned Ashram Rare Earth Deposit located in northern Quebec.
Commerce Resources Corp. (TSXv: CCE) announces that it has completed the first phase of its 2015 field program at its 100% owned Ashram Rare Earth Deposit located in northern Quebec.
Snam 2023-27 Industrial Plan - Financial Presentation
News Release: Commerce Resources Corp. Confirms Benefits from Flowsheet Simplification
1. Commerce Resources Corp. Confirms Benefits from Flowsheet Simplification
February 9, 2016 - Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF)
(the “Company” or “Commerce”) is pleased to announce that a reduction in flowsheet processing
steps has been confirmed at the pilot scale for the Company’s 100% owned Ashram Rare Earth
Deposit.
The leach stage pilot plant work completed in 2015 was based upon a “double-leach” process
that operated well, resulting in a >99% stage recovery with complete carbonate removal. Further,
as a positive development from this piloting, it was demonstrated on the bench scale that this
process could be further optimized while using only a single leach. The recently completed
“single-leach” mini-pilot plant has now confirmed that process efficiency can be maintained with
a reduced number of processing stages, while operating at a larger scale.
Company President Chris Grove states, “The validation of the single-leach process at the pilot
scale is an advancement that allows for basic cost reductions as fewer process steps are now
required, and fewer reagents are now consumed, while process efficiency is maintained”.
For the single-leach pilot, both batch and continuous methods were tested, using flotation
concentrate produced from piloting as feed, with a total throughput of approximately 50 kg and
11 kg respectively. Stage recovery1
exceeded 98% for both methods, and are expected to exceed
99% after a minor operational adjustment is incorporated. As the single-leach process uses fewer
steps, it required only a limited throughput to confirm scale-up.
The leach residues were bench tested through the magnetic separation stage to confirm the
residue quality, with high-grade mineral concentrates produced, as targeted, using both methods;
41% TREO at 71% recovery (batch method), and 43% at 71% recovery (continuous method). In
addition, the bench scale testwork completed to date using the single-leach process indicates
higher overall recoveries are also achievable compared to those of the double-leach process. This
will be evaluated further in future pilot plant operations.
The Ashram Project’s beneficiation flowsheet has advanced throughout the ongoing Pre-
feasibility Study and now includes three stages of processing to produce among the highest grade
mineral concentrates in the rare earth development space; flotation, HCl leach, and magnetic
separation. In 2015, the flotation and leach stages were successfully piloted, with a magnetic
separation pilot plant, as well as further downstream processing, planned for 2016.
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.
2. (1)
The single-leach process uses a single primary leach only (i.e. no secondary leach), whereby a large majority of
the REEs partition to the residue phase while the remaining REEs partition to the liquor phase. The REEs from
the liquor phase are fully recovered selectively as a high-grade precipitate, resulting in a negligible loss in the
stage (i.e. effectively >99% REE recovery in the leach processing step). The residue is processed through the
magnetic separation stage, with the magnetic product then combined with the high-grade precipitate from the
liquor to produce a final mineral concentrate.
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 Norda Stelo Inc. (formally Roche Ltd., Consulting Group), Qualified Persons as
defined by National Instrument 43-101, reviewed the technical information presented in this
news release.
About the Ashram Rare Earth Element Deposit
The Ashram Rare Earth Element (REE) Deposit is located north-eastern Quebec. The Deposit
has a measured resource of 1.6 million tonnes (Mt) at 1.77% TREO, an indicated resource of
27.7 Mt at 1.90% TREO, and an inferred resource of 219.8 Mt at 1.88% TREO. Mineral
resources are not mineral reserves as they do not have demonstrated economic viability.
The REEs at Ashram occur primarily in the mineral monazite and to a lesser extent in bastnaesite
and xenotime. These minerals dominate the currently known commercial extraction processes
for rare earths. The Ashram Deposit mineralization has an REE distribution with enrichment in
the critical and magnet feed REEs (Nd, Pr, Eu, Tb, Dy, and Y).
A Preliminary Economic Assessment (PEA) was completed by SGS-Geostat of Montreal
(Blainville) with an effective date of July 5, 2012 (revised date of January 7, 2015). The PEA is
based on a 4,000 tonne per day open-pit operation with an initial 25-year mine life, a pre-tax Net
Present Value (NPV) of $2.32 billion at a 10% discount rate, a pre-tax/pre-finance Internal Rate
of Return (IRR) of 44%, and a pre-tax/pre-finance payback period of 2.25 years.
This economic assessment is by definition preliminary in nature and it includes inferred mineral
resources that are considered too speculative to have the economic considerations applied to
them that would enable them to be categorized as mineral reserves. There is no certainty that the
PEA will be realized. The current Ashram Technical Report dated January 7, 2015 explains why
no after-tax case is included, and that a combined tax rate of around 32.5% may apply to
production.
3. 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 info@commerceresources.com.
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
statement that stage recoveries are expected to exceed 99% after incorporating minor adjustments; that bench scale
testwork indicates that overall higher recoveries will be achieved compared to double-leach process and planning for
a magnetic separation pilot plant and further downstream processing in 2016. 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 of labour, 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.