Commerce Announces Grant of Performance Share Units
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Commerce Announces Grant of Performance
Share Units
VANCOUVER, BRITISH COLUMBIA – January 6, 2025 – Commerce Resources Corp.
(TSXv: CCE, FSE: D7H0, OTCQX: CMRZF) (the “Company” or “Commerce”) announces that
it has granted 9,000,000 performance share units (the “PSUs”) to Ross Carroll, Chief Executive
Officer and a director of the Company, in accordance to its Equity Incentive Plan (the “Plan”).
The PSUs will commence vesting one year after the date of grant upon successful completion of
specific performance criteria provided that Mr. Carroll is a director or executive officer of the
Company. Each vested PSU represents the right to receive one common share in the capital of the
Company. Following the grant, there are 9,000,000 PSUs outstanding under the Plan.
ABOUT COMMERCE RESOURCES CORP.
Commerce Resources Corp. is a junior mineral resource company focused on the development of
the Ashram Rare Earth and Fluorspar Deposit located within their Eldor Property, in northern
Quebec, Canada. The Ashram Deposit is characterized by simple rare eart h (monazite,
bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at
favourable grade, and has demonstrated the production of high -grade (more than 30 – 45%
TREO) mineral concentrates at high recovery (more than 60 – 75%) in line with active global
producers.
The Ashram Deposit also has a fluorspar component which makes it one of the largest potential
sources of fluorspar in the world and could be a long-term supplier to the met-spar and acid-spar
markets. The Company is positioning to be one of the lowest cost rare earth producers globally,
with a specific focus on being a long -term supplier of mixed rare earth carbonate and/or NdPr
oxide to the global market.
Additionally, Commerce is committed to exploring the potential of other high -value commodities
on the Property such as niobium and phosphate minerals, which may help advance Ashram by
reducing costs through shared development.
For more information, please visit the corporate website at www.commerceresources.com or email
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On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
Ross Carroll
CEO and President
Phone: 604.484.2700
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in 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 statements, which includes any information about activities, events or
developments that the Company believes, expects or anticipates will or may occur in the future. Forward looking
statements in this news release include ; the vesting date and conditions respecting PSUs granted to Mr. Carroll; that
Ashram’s fluorspar component makes it one of the largest potential sources of fluorspar in the world; that the Ashram
deposit could be a long -term supplier to the met -spar and acid -spar markets; that the Company is positioning to be
one of the lowest cost rare earth element producers globally, with a focus on b eing a long -term global supplier of
mixed rare earth carbonate and/or NdPr oxide; and that the Company may explore the potential of other high -value
commodities on the Ashram Property. 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 events, activities or developments from coming
to fruition incl ude: that the Company may not be able to fully finance any additional exploration on the Ashram
Project; that even if the Company is able raise capital, costs for exploration activities may increase such that the
Company may not have sufficient funds to pay for such exploration or processing activities; the timing and content of
the proposed drill program and any future work programs may not be completed as proposed or at all; geological
interpretations based on drilling that may change with more detailed i nformation; potential process methods and
mineral recoveries assumptions based on limited test work and by comparison to what are considered analogous
deposits that, with further test work, may not be comparable; testing of our process may not prove succes sful or
samples derived from the Ashram Project may not yield positive results, and even if such tests are successful or initial
sample results are positive, the economic and other outcomes may not be as expected; the anticipated market demand
for rare ear th elements and other minerals may not be as expected; the availability of labour and equipment to
undertake future exploration work and testing activities; geopolitical risks which may result in market and economic
instability; and despite the current exp ected viability of the Ashram Project, conditions changing such that even if
metals or minerals are discovered on the Ashram Project, the project may not be commercially viable. The forward -
looking statements contained in this news release are made as of t he 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 .