Commerce Resources Corp. has engaged Roche Ltd. to complete a pre-feasibility study on the Ashram Rare Earth Element Deposit in Quebec. Roche will work with various consultants on road layout, environmental data collection, and metallurgical test work. The goal is to improve upon the base case from the preliminary economic assessment and optimize the flowsheet for a pre-feasibility study planned for completion in late 2013 or early 2014. A bulk sample was also collected from the deposit for ongoing metallurgical testing.
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. 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. 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.
Iron Road Limited (Iron Road, ASX: IRD) has released a copy of the presentation Larry Ingle, the General Manager of Iron Road, gave to the 11th South Australian Exploration and Mining Conference, Adelaide.
Copper North Mining - Corporate Presentation - October 22, 2015coppernorthmining
Copper North Mining Corp. (TSX.V:COL) is a Canadian mining exploration and development company, spun out from Western Copper Corporation (TSX:WRN) in October 2011. Copper North's key asset is the Carmacks Copper Project, located in the Yukon Territory, Canada. Carmacks is permitted for construction and will produce 30 million pounds of cathode copper per year. The project is being re-engineered as a copper-gold-silver leach operation. A Preliminary Economic Assessment was completed in May 2014 and indicates that the addition of gold and silver recovery provides a positive improvement in project economics. A second phase of engineering work is in progress to evaluate opportunities to further improve operations and reduce capital and operating costs. The company intends to resume exploration of the Carmacks deposits to increase mineral resources for inclusion in the mine plan, and expansion of mine life.
The Company has also recently acquired the Thor property, immediately south of the Kemess Mine in north central British Columbia. Thor provides Copper North with an attractive exploration and discovery opportunity adjacent a major dormant mine-mill complex. An exploration program, including drilling of porphyry copper-gold targets, is planned for summer 2015.
Copper North also holds the high-grade Redstone property located in the Northwest Territories, Canada.
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. 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. 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.
Iron Road Limited (Iron Road, ASX: IRD) has released a copy of the presentation Larry Ingle, the General Manager of Iron Road, gave to the 11th South Australian Exploration and Mining Conference, Adelaide.
Copper North Mining - Corporate Presentation - October 22, 2015coppernorthmining
Copper North Mining Corp. (TSX.V:COL) is a Canadian mining exploration and development company, spun out from Western Copper Corporation (TSX:WRN) in October 2011. Copper North's key asset is the Carmacks Copper Project, located in the Yukon Territory, Canada. Carmacks is permitted for construction and will produce 30 million pounds of cathode copper per year. The project is being re-engineered as a copper-gold-silver leach operation. A Preliminary Economic Assessment was completed in May 2014 and indicates that the addition of gold and silver recovery provides a positive improvement in project economics. A second phase of engineering work is in progress to evaluate opportunities to further improve operations and reduce capital and operating costs. The company intends to resume exploration of the Carmacks deposits to increase mineral resources for inclusion in the mine plan, and expansion of mine life.
The Company has also recently acquired the Thor property, immediately south of the Kemess Mine in north central British Columbia. Thor provides Copper North with an attractive exploration and discovery opportunity adjacent a major dormant mine-mill complex. An exploration program, including drilling of porphyry copper-gold targets, is planned for summer 2015.
Copper North also holds the high-grade Redstone property located in the Northwest Territories, Canada.
Jourdan Resources is a Public Company listed on the TSX V trading under the symbol JOR.
Jourdan is active in exploration for phosphate in Quebec, developing on demand ammonia technology, and fertilizer testing with marijuana grow ops.
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.
Retreating ice uncovers major discovery potential for CRD-Porphyry system at ...Stephan Bogner
Core Assets Corp. in Discovery Mode: Assays Pending / Exciting times for shareholders of Core Assets Corp. as the stock has been performing strongly over the past few weeks, rising from an intraday-low of $0.065 in mid-August to an intraday-high of $0.33 last week. The company recently announced to have completed its phase-2 exploration program at its Blue Property at the northern edge of the Golden Triangle in British Columbia, Canada. Today, Core Assets announced a major property expansion.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H) is pleased to report that its joint venture partner Canadian International Minerals Inc. (CNSX: CIN) has announced an update on exploration activities at the Carbo Project, northeastern British Columbia. Canadian International has engaged Aeroquest Limited to fly a close spaced AeroTEM III-Radiometric-Mag survey over the Carbo property. Field crews currently are continuing the geological mapping and soil sampling program that began in 2009. A permit application for a minimum 1,000 meter diamond drill program has been submitted to the British Columbia Ministry of Energy, Mines and Petroleum Resources.
Iron Road - Central Eyre Iron Project Technical PresentationIron_Road_Limited
This presentation summarises some thought-provoking aspects of our technical journey, challenging the status quo and how these aspects influence the overall design.
Mining
• Understanding the CEIP orebody.
• Transition from owner mining operating traditional truck & shovel, to contract mining managing in-pit crushing & conveying (IPCC).
Ore Beneficiation
• Developing a thorough understanding of the metallurgical behaviour of the CEIP ore.
• Innovative materials handling and the elimination of a conventional tailings storage facility.
• Optimisation and the inclusion of a regrind circuit.
Infrastructure Design Philosophy
• Rotary versus bottom dump rail discharge systems.
• Port facility and high speed ship loading.
• Access and use by third parties.
Protecting the Schedule
• High density, vertically stacked modularisation.
• Parallel process design.
• Wet commissioning off-site in construction yards.
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. 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.
Jourdan Resources is a Public Company listed on the TSX V trading under the symbol JOR.
Jourdan is active in exploration for phosphate in Quebec, developing on demand ammonia technology, and fertilizer testing with marijuana grow ops.
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.
Retreating ice uncovers major discovery potential for CRD-Porphyry system at ...Stephan Bogner
Core Assets Corp. in Discovery Mode: Assays Pending / Exciting times for shareholders of Core Assets Corp. as the stock has been performing strongly over the past few weeks, rising from an intraday-low of $0.065 in mid-August to an intraday-high of $0.33 last week. The company recently announced to have completed its phase-2 exploration program at its Blue Property at the northern edge of the Golden Triangle in British Columbia, Canada. Today, Core Assets announced a major property expansion.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H) is pleased to report that its joint venture partner Canadian International Minerals Inc. (CNSX: CIN) has announced an update on exploration activities at the Carbo Project, northeastern British Columbia. Canadian International has engaged Aeroquest Limited to fly a close spaced AeroTEM III-Radiometric-Mag survey over the Carbo property. Field crews currently are continuing the geological mapping and soil sampling program that began in 2009. A permit application for a minimum 1,000 meter diamond drill program has been submitted to the British Columbia Ministry of Energy, Mines and Petroleum Resources.
Iron Road - Central Eyre Iron Project Technical PresentationIron_Road_Limited
This presentation summarises some thought-provoking aspects of our technical journey, challenging the status quo and how these aspects influence the overall design.
Mining
• Understanding the CEIP orebody.
• Transition from owner mining operating traditional truck & shovel, to contract mining managing in-pit crushing & conveying (IPCC).
Ore Beneficiation
• Developing a thorough understanding of the metallurgical behaviour of the CEIP ore.
• Innovative materials handling and the elimination of a conventional tailings storage facility.
• Optimisation and the inclusion of a regrind circuit.
Infrastructure Design Philosophy
• Rotary versus bottom dump rail discharge systems.
• Port facility and high speed ship loading.
• Access and use by third parties.
Protecting the Schedule
• High density, vertically stacked modularisation.
• Parallel process design.
• Wet commissioning off-site in construction yards.
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. 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. (TSXv: CCE) (FSE: D7H) reports that it will add 1,500 metres (six holes) to the already 3,000 metres drilled
this year at its Eldor Rare Earth Project located in northeastern Quebec. The expanded program
has been driven by the discovery of significant intersections of rare earth elements announced
earlier this year.
Commerce Resources Corp. (TSXv: CCE) announced that drilling is underway on the company's Eldor Tantalum-Niobium and Rare Earth Element Project located in northern Quebec. Up to 15 holes totaling 3,000 meters will be completed. The exploration program will also include prospecting, mapping, soil sampling, a ground magnetic survey and trenching.
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. 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.
Commerce Resources Corp. (TSXv: CCE) announced that its joint venture partner Canadian International Minerals Inc. (TSXv: CIN) has commenced a 1,000 metre diamond drill program on the Carbo Rare Earth Project in northeastern British Columbia.
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. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) reports that it is nearing completion of its winter drilling program at the Ashram Rare Earth Element Deposit at the Eldor Property in northern Quebec.
The drilling was designed to expand the deposit by testing the northeastern half of the Ashram Zone as well as expanding its depth extent with deeper drilling. Drilling also aimed to continue to define areas where significant near-surface enrichment in the valuable, middle and heavy REEs were encountered in 2010.
Murchison Minerals Ltd. aims to make the most of shareholder value through the discovery, exploration and development of economically viable base metals deposits.
The Company’s projects are located in the top-ranked mining jurisdictions in the world, reducing the risk of exploration and development. We apply environmental and safety best practices in all our activities, respect and contribute to the communities we work in, and uphold high standards of corporate governance and professional performance.
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, 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.
Iron Road - Managing Director's AGM Presentation 2014Iron_Road_Limited
Central Eyre Iron Project - Paving the Road
Iron Road is advancing the development of Australia’s next major integrated iron supply business on the Eyre Peninsula in South Australia.
The CEIP offers:
•Robust financial metrics for both the DFS and optimised case, with debt service and loan life cover ratios supported at current iron ore prices.
•A manufactured product, resulting in a consistent high quality concentrate for life of mine, during a period of forecast declining quality.
•High quality concentrate with advantageous value-in-use characteristics for customers.
•Tangible benefits for local and regional communities.
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 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. (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) 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. (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) 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, 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, 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. (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.
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.
More from Commerce Resources Corp. (TSXv:CCE) (20)
News Release: Commerce Resources Corp. Completes Phase 1 of the 2015 Drill P...
News Release: Pre-feasibility Study Engaged with Roche Group
1. SCHEDULE “A”
Commerce Resources Corp. Engages Roche Ltd. for the Ashram Rare Earth
Element Deposit Pre-Feasibility Study
September 21, 2012 - Commerce Resources Corp. (TSXv: CCE; FSE: D7H; OTCQX:
CMRZF) (the “Company”) is pleased to announce that it has engaged Roche Ltd. (Roche) to
complete a Pre-feasibility Study (PFS) on the Ashram Rare Earth Element Deposit, located
within the Labrador Trough in north-eastern Quebec. Work on the PFS has commenced and is
planned for completion in Q4 2013 / Q1 2014.
Roche is an engineering firm with extensive experience in the mining industry in Quebec. They
have established a strong background in rare earth project development that is particularly suited
to the Ashram Rare Earth Element Deposit. Roche’s experience is multi-disciplinary (building,
construction, environmental, energy, industrial etc.) and extends through the Feasibility Study
(FS) level of mine planning and development with various commodities including rare earth
elements, iron ore, base metals, and specialty metals.
Also involved in the PFS, and under the direction of Roche, are the following specialist
consulting companies:
- Forchemex Ltd., Consulting Group (Forchemex), a member of the Roche Group, is a
consultant group specializing in forestry services. The firm offers services relating to forest road
planning and engineering, forest management and operations planning. Forchemex will focus on
the road layout from proposed mine site to Kuujjuaq,
- Environnement Illimité Inc., is an environmental services company specializing in aquatic
ecosystem studies and related biophysical and technical surveys. Environnement Illimité will
work directly with Roche to collect and provide all environmental baseline data for the PFS.
All metallurgical aspects of the project will continue under the supervision of Hazen Research
Inc. (Hazen) of Colorado, USA. Hazen has been involved with the project since April 2011, and
is working with UVR-FIA GmbH (UVR) of Germany to further refine the metallurgical
flowsheet for the project. Roche representatives will be involved with Hazen and UVR as they
work to optimize the flowsheet required for the PFS.
The metallurgical work at Hazen will focus on 1.) Improving mineral concentrate grades and
recoveries beyond the base case stated in the PEA, 2.) Testing to evaluate the potential for a
fluorine based by-product, 3.) Conducting test work to produce a pure rare earth oxide or rare
earth carbonate saleable end-product, and 4.) Performing environmental characterization of all
mineralized and waste material.
2. The metallurgical work at UVR will focus on 1.) Evaluation of optimization parameters for the
flotation process (temperature, pH, etc.), and 2.) Improving separation of the rare earth minerals
from fluorite in order to increase mineral concentrate grades.
An update on all current metallurgical programs will be forthcoming from the company.
2012 Work Program
The 2012 field program at Ashram has focused on the extraction of a bulk sample, preparing the
site for additional drilling, and the collection of environmental baseline data.
A bulk sample of approximately 30 metric tonnes of representative mineralized material was
collected from three sites located along an ~65 m strike length, within the southern portions of
the planned pit. The material will be used for ongoing metallurgical test work and initial pilot
plant studies at Hazen and UVR.
In terms of site preparation, field crews have cleared drill site access, conducted structural
mapping, and upgraded the camp facilities. In addition, site visits for data collection by
personnel of Roche and its affiliates, including mine site, road route, docking facilities near
Mackays Island, and airstrip location have been completed.
The PFS will be based on a National Instrument 43-101 updated resource estimate completed by
Roche following drilling planned for Q1-Q2 of 2013.
About the Ashram Rare Earth Element Deposit
The Ashram Rare Earth Deposit is a carbonatite within the Eldor Property, located in north-
eastern Quebec. The Ashram Deposit has a measured and indicated resource of 29.3 million
tonnes at 1.90% TREO and an inferred resource of 219.8 million tonnes at 1.88% TREO. The
deposit boasts a well-balanced distribution with enrichment in the light, middle and heavy rare
earth elements including all five of the most critical elements such as neodymium, europium,
dysprosium, terbium, and yttrium.
The rare earth elements at Ashram occur in simple and well-understood mineralogy, being
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.
A Preliminary Economic Assessment, completed in May of 2012 by SGS-Geostat of Montreal
(Blainville) (See news release dated May 24, 2012), outlines highly robust economics for the
Ashram Project. The PEA is based on a 4,000 tonne per day open-pit operation with an initial
25-year mine life (300 years at economic cut-off if open-pit + underground development), a pre-
tax and pre-finance Net Present Value (NPV) of $2.32 billion at a 10% discount rate, a pre-
3. tax/pre-finance Internal Rate of Return (IRR) of 44%, and a pre-tax/pre-finance payback period
of 2.25 years.
Darren L. Smith, M.Sc., P.Geol., a qualified person as defined by National Instrument 43-101,
supervised the preparation of the technical information in this news release.
About Commerce Resources Corp.
Commerce Resources Corp. is an exploration and development company with a particular focus
on rare metal and rare earth element deposits with the potential for economic grades and large
tonnages. The Company is focused on the development of its Upper Fir Tantalum and Niobium
Deposit in British Columbia, and Ashram Rare Earth Element Project in northern Quebec.
For more information on Commerce Resources Corp., visit the corporate website at
http://www.commerceresources.com or email info@commerceresources.com.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
“David Hodge”
David Hodge
President and Director
Tel: 604 484 2700
TF: 866.484.2700
Email: info@commerceresources.com
Web: http://www.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 are 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 our projected timeline and consultants for the PFS, the focus of our metallurgical
work, our planned drilling program, that the Ashram deposit can be developed economically as an open-pit mine; all information
contained in the pre-feasibility study; and that we can build shareholder value through the discovery and development of
Canadian rare metal and rare earth element deposits. 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 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 limited 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.