Report
Stephan Bogner

From Mine to Metal: Commerce Resources to collaborate with the first Rare Earth Processing Facility in Canada

Which will come first in Canada, the mine or the facility to process rare earths? Although there‘s no active rare earths mine in Canada at the moment, a commercial minerals-to-metals processing plant for demonstration purposes is being built by the Saskatchewan Research Council (SRC), an agency of the provincial government. SRC‘s President and CEO, Mike Crabtree, sees this “chicken-and-egg situation“ clearly in favor of building first the front-end to then give “nascent mine operations off-take agreements“ and “a route to market rather than having to sell that product to China“. MP Materials Corp. is producing such a product, a mineral concentrate, from its Mountain Pass Mine in California, but has to ship it to processors in China as there is no adequate facility in North America yet to produce the higher value rare earth metals. MP Materials is currently building its own processing plant in the United States, but SRC‘s facility will likely be first to come online, slated to be operational in late 2024. As SRC is not a mining company, it is already looking for adequate sources to feed its Rare Earth Processing Facility.
 
Underlying
COMMERCE RES CORP

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.

Provider
Rockstone Research
Rockstone Research

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).

Analysts
Stephan Bogner

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