Commerce Resources Corp. Announces Metallurgical Collaboration with CanmetMINING for the Ashram Deposit, Quebec
Commerce Resources Corp. Announces Metallurgical Collaboration with
CanmetMINING for the Ashram Deposit, Quebec
March 9, 2020 – Commerce Resources Corp. (TSXv: CCE, FSE: D7H) (the “Company” or
“Commerce”) is pleased to announce a collaboration with CanmetMINING focused on
beneficiation test work for the Ashram Rare Earth and Fluorspar Deposit. The primary objective
of CanmetMINING’s work on the Ashram Deposit is to identify a key approach to further enhance
beneficiation performance by exploring and testing a range of potentially applicable process
methods at varying test conditions. These m ethods are expected to include flotation, gravity
separation, magnetic separation, and ore sorting, in addition to several other physical separation
approaches.
Preliminary flotation results by CanmetMINING have been very encouraging with similar results
(<25% mass pull and >80% recovery) to the base case flowsheet achieved while using a modified
reagent scheme and test conditions that provide a cost advantage. These results continue to
illustrate the versatility and optimization potential of the Ashram D eposit’s flowsheet. Flotation
test work is continuing, including further reagent screening, mixed collector studies, and
preliminary locked cycle and reverse conditioning tests. Test programs for gravity separation and
ore sorting are also being advanced through CanmetMINING.
In addition to these test programs, the Company is pleased to announce that a joint abstract by the
Company and CanmetMINING titled “ Mineral Processing Flowsheet Options for the Ashram
Rare Earth and Fluorspar Deposit” has been accepted for presentation at the 2020 Conference of
Metallurgists (COM2020) to be held August 24th to 27th in Toronto, ON. The abstract will also be
expanded upon in a paper to be presented at the show.
The funding for the test work is provided by Natura l Resources Canada (NRCan) through
CanmetMINING’s 6-year rare earth element (“REE”) and chromite program, (announced in
January 2015), focused on developing new extraction technologies, addressing Canadian
regulations, and improving the knowledge of Canadian deposits (www.reechromite.ca). The
Company’s contribution to the collaboration is a supply of REE mineralized material f rom the
Ashram Deposit, in which several tonnes remain readily available from a bulk sample completed
in 2012.
The Ashram Deposit outcrops at surface, allowing for cost-effective collection of material for test
work. As such, the Company is actively engaging 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 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 Ta ntalum-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 statements 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 preve nt these statements from
coming to fruition include that CanmetMINING’s work may not be successful; 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 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; 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.