Major Step Forward: Commerce Resources succeeds in producing marketable mixed rare earth carbonate sample
Rare Earth Elements (REE) prices are sky-rocketing, reaching levels last seen during the 2011-boom. Back then, it became obvious to the Western world that the Chinese dominance in the REE sector needs to be broken to ensure a reliable source for the future. Only now are governments in the US, EU and Australia starting to act and providing funding for REE projects to accelerate new sources coming online in the next years, when a dramatically widening supply shortfall is anticipated.
With its Ashram REE & Fluorspar Deposit in Quebec, Commerce Resources Corp. owns one of the world‘s largest REE resources with one of the highest distributions on the rare earths needed for the production of permanent magnets in electric vehicles (EVs) and wind turbines: NdPr (neodymium and praseodymium).
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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