Commerce Resources Corp.’s Ashram REE/ Fluorspar Deposit Subject of Two Research Papers for COM2020
Commerce Resources Corp.’s Ashram REE/ Fluorspar Deposit Subject
of Two Research Papers for COM2020
August 20, 2020 – Commerce Resources Corp. (TSXv: CCE, FSE: D7H0) (the “Company” or
“Commerce”) is pleased to report that the Ashram REE/ Fluorspar Deposit is the subject focus of
two papers that will be presented at the upcoming 2020 Conference of Metallurgists (COM2020).
The conference was originally planned to be held in Toronto this August; however, it has recently
been rescheduled for October 14 th and 15 th and is modified to an online webinar format given
recent events. COM2020 is organized by the Metallurgy and Materials Society, a section of the
Canadian Institute of Mining, Metallurgy, and Petroleum (CIM).
The first paper, initially announced in news release dated Ma y 13th, 2020, is a joint collaboration
between the Company and CanmetMINING, a branch of Natural Resources Canada (NRCan), and
is titled “Mineral processing flowsheet options for the Ashram rare earth and fluorspar deposit”.
The authors, Tesfaye Negeri and Maziar Sauber of CanmetMINING and Darren L. Smith , the
Company’s Ashram Project Manager, detail in the paper recent test work completed by
CanmetMINING where a marked improvement in flotation performance has been demonstrated
through a combination of distributed reagent additions, reagent synergism, and reverse
conditioning in a very simple and basic flotation circuit.
The second paper is authored by Kang Sun, Christel Bemelmans, and Nick Hazen of Hazen
Research, Inc., the Company’s primary metallurgical lab for the Ashram Project, and is titled
“Recovering rare earths and other metallic values from fluorine-containing concentrates using
carbochlorination and aqueous leaching”. The test work that forms the basis of the paper utilizes
flotation concentrate from the Ashram Deposit as one of two feedstocks to assess the merits of
carbochlorination, a thermal process (650 -800 °C) using coke and chlorine , to make rare earth
chloride ( REECl3) that is soluble in dilute HC l. The purpose of the work was to clarify the
fundamental chemistry of carbochlorination of fluorine -bearing concentrates. The results of the
test work will be presented in the paper at COM2020.
The Company is pleased with the results detailed in these papers, and specifically with respect to
the significant optimizations of the Ashram Deposit’s flotation circuit by CanmetMINING, as it is
directly applicable to the project’s working flowsheet. The Company is also pleased to provide its
continued support to the academic and institutional rare earth element research and development
industry through the supply of Ashram Deposit mater ial and geological support. The Ashram
Deposit outcrops at surface and has allowed for cost-effective collection of large amounts of
material for test work . As such, t he Company is actively engag ed with various research and
academic institutions to support the advancement of the REE industry in Canada, and in Quebec
specifically.
NI 43-101 Disclosure
Darren L. Smith, M.Sc., P.Geo., Dahrouge Geological Consulting Ltd., a Permit holder with the
Ordre des Géologues du Québec and 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 deve lopment 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 -Niobium
Deposit in British Columbia.
For more information, please visit the corporate website at www.commerceresources.com or
email [email protected].
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
“Chris Grove”
Chris Grove
President and Director
Tel: 604.484.2700
Email: [email protected]
Web: http://www.commerceresources.com
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 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 s tatements in this press release include that CanmetMINING’s work on the Ashram Deposit will
identify a key approach to further enhance beneficiation performance. 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 that CanmetMINING’s work may not be success ful; changing costs for mining and
processing; increased capital costs; 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 rec overies
assumption 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 successful and even it tests are successful, the
economic and other outcomes may not be as expected; 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.