- Commerce Resources (CCE) has delivered a 2 kg sample from the Ashram Deposit to a rare earth elements (REE) processor
- The processor will use the sample to assess processing at its internal laboratories with a 200 kg shipment expected to follow in the near term
- The company continues to receive interest for evaluation samples following its production of on-spec mixed rare earth carbonate (mixed REC) from Ashram material announced last March
- Commerce Resources is a junior mineral resource company focused on rare earth elements
- Commerce Resources (CCE) is unchanged trading at $0.16 per share
Commerce Resources (CCE) has delivered a 2 kg sample from the Ashram Deposit to a REE processor.
The processor will use the sample to assess processing at its internal laboratories with a 200 kg shipment from the Quebec-based deposit expected to follow in the near term.
The processor has also expressed interest in a sample of Ashram’s mixed REC concentrate, where the company has demonstrated strong NdPr distributions – percentage of Nd+Pr oxide of the total rare earth oxide – of 21.6 to 24.2 per cent.
The news follows the delivery of a sample of mixed REC concentrate to a major global producer just last week.
The company continues to receive industry interest for evaluation samples following its production of on-spec mixed REC from Ashram material announced last March.
It intends to release a prefeasibility study on the Ashram Project in the first half of 2023.
Ashram ranks as one of the largest REE and fluorspar deposits globally:
- Measured resources of 1.6 Mt at 1.77 per cent rare earth oxide (REO) and 3.8 per cent F
- Indicated resources of 27.7 Mt at 1.90 per cent REO and 2.9 per cent F
- Inferred resources of 219.8 Mt at 1.88 per cent REO and 2.2 per cent F
Commerce Resources is a junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit in Quebec.
Commerce Resources (CCE) is unchanged trading at $0.16 per share as of 11:02 am EST.
