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Commerce Resources Corp (2)
Symbol CCE
Shares Issued 83,013,201
Close 2021-10-18 C$ 0.21
Market Cap C$ 17,432,772
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Commerce to provide support, sample for academic study

2021-10-18 06:53 ET - News Release

Mr. Chris Grove reports

COMMERCE RESOURCES CORP. ANNOUNCES PARTICIPATION IN ECO-FRIENDLY FLOTATION COLLECTOR RESEARCH

Commerce Resources Corp. will be providing in-kind support for an academic project involving the research and development of ecologically friendly flotation collector reagents. Specifically, the company will contribute Ashram deposit material, collected from the 2012 bulk sample, to support the study.

The initial objective of the project, named SideroFlot, was to develop a bio-based process for removing iron-containing impurities (that is, iron oxides and sulphides) from industrial minerals such as clays, kaolin and quartz sands. However, the program has since been expanded to the beneficiation of rare earth minerals and identification of flotation collectors that are both effective as well as biodegradable and ecologically sustainable.

The process is based on the use of microbial complexing agents (amphiphilic siderophores) for selective binding, modification of and separation of the iron particles in an environmentally friendly wet processing procedure. The amphiphilic siderophore marinobactin, which is formed by the micro-organism marinobacter, is used as agents for the hydrophobization (that is, the process of making particles repel water) of the iron minerals. In the current project, the performance of marinobactin siderophore (a hydroxamate) will be evaluated as a sustainable and biodegradable collector for flotation of REE (rare earth element) minerals -- monazite, bastnaesite and xenotime -- from a carbonatite matrix.

The SideroFlot project is being carried out by Helmholtz-Zentrum Dresden-Rossendorf (HZDR), a non-profit research organization and member of the Helmholtz Association of German Research Centers, Germany's largest scientific organization with a three-billion-euro annual budget. The HZDR conducts research on three areas of focus -- materials, health and energy with the long-term overarching objective of addressing some of society's larger challenges. The project is being assisted by Gerhard Merker, a mineral process engineer who helped with the development of the Ashram deposit flowsheet (see news release dated Aug. 13 and Dec. 4, 2013).

Company president Chris Grove commented: "The academic and R&D community maintains a strong interest in using Ashram deposit material in support of their research, in large part due to the deposit's similarity to global hardrock rare earth element (REE) producers. This program is focused on environmentally friendlier solutions to the mining and processing of the REEs and we are excited to be providing material for this. The data collected from this program will ideally help advance the project and position it for the long-term, as well as advancing the understanding of REEs as a whole and, therefore, move us closer to a decoupling of Chinese control."

National Instrument 43-101 disclosure

Darren L. Smith, MSc, PGeo, Dahrouge Geological Consulting Ltd., a permit holder with the Ordre des Geologues du Quebec and qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, supervised the preparation of the technical information in this news release.

About Commerce Resources Corp.

Commerce Resources is a junior mineral resource company focused on the development of the Ashram rare earth and fluorspar deposit located in Quebec, Canada. The company is positioning to be one of the lowest-cost rare earth producers globally, with a specific focus on being a long-term supplier of mixed rare earth carbonate and/or NdPr (neodymium and praseodymium) oxide to the global market. The Ashram deposit is characterized by simple rare earth (monazite, bastnaesite and xenotime) and gangue (carbonates) mineralogy, a large-tonnage resource at favourable grade, and has demonstrated the production of high-grade (greater than 45 per cent REO) mineral concentrates at high recovery (greater than 70 per cent) in line with active global producers. In addition to being one of the largest rare earth deposits globally, Ashram is also one of the largest fluorspar deposits globally and has the potential to be a long-term supplier to the met-spar and acid-spar markets.

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