Commerce Resources at eye level with the only two major REE miners in the western world
2022 is on its way to mark the historic year when some critical REEs (Rare Earth Elements) have slipped into a supply deficit, first and foremost neodymium (Nd) and praseodymium (Pr). Both these highly sought-after metals are needed to produce permanent magnets for electric vehicle motors and wind turbines, to name a few. With demand expected to grow strongly, the NdPr supply deficit will be expanding to dramatic levels, reaching a shortfall in 2030 equal to 3 times the projected NdPr oxide output of the Mountain Pass REE Mine in California. As new large REE mines are needed to have a meaningful impact in reducing the supply deficit, the Ashram REE & Fluorspar Deposit in Quebec should come into mind as it matches up with some decisive characteristics in comparison to the only 2 major REE miners in the western world today: MP Materials Corp. from the United States and Lynas Rare Earths Ltd. with operations from Australia and Malaysia. “O Canada, we stand on guard for thee!“
Commerce Resources is engaged in the business of acquiring, exploring, developing and evaluating mineral resource properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. Co. is in the exploration stage and has interests in properties located in British Columbia and Quebec, Canada. The recoverability of amounts shown for resource properties is dependent upon the discovery of economically recoverable reserves, continuation of Co.'s interest in the underlying mineral claims, the ability of Co. to obtain financing to complete their development, and future profitable production or disposition thereof.
Rockstone is a research house specialized in the analysis and valuation of capital markets and publicly listed companies. The focus is set on exploration, development and production of resource deposits as well as marcoeconomic analysis of commodity and currency markets. Our international team of five analysts bring our German and English speaking readership a wealth of experience from the commodity markets: Stephan Bogner (mining analyst), John P. Barry (professional geologist), Chris Berry (macroeconomist), Prof. Dr. Hans Bocker (award-winning book author), and Boris Gerjovic (fundamental analyst).
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