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Commerce Resources Corp (2)
Symbol CCE
Shares Issued 41,476,083
Close 2019-12-04 C$ 0.17
Market Cap C$ 7,050,934
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Commerce's Ashram subject of award-winning PhD work

2019-12-05 07:29 ET - News Release

Mr. Chris Grove reports

COMMERCE RESOURCES CORP. ANNOUNCES PHD STUDENT WINS COMPETITION FOR ENVIRONMENTAL WORK ON THE ASHRAM DEPOSIT, QUEBEC

Sophie Costis, a PhD student with the Universite du Quebec, has won the defi de la recherche en geosciences (geoscience research challenge) for her work related to the characterization of flotation tailings generated using the flowsheet for Commerce Resources Corp.'s Ashram rare earth and fluorspar deposit in Quebec.

The competition was organized by Association Quebecoise des Sciences de la Terre (AQUEST) and consisted of candidates presenting their research projects in the field of geosciences at the Quebec Mines + Energy conference held in Quebec City last month. Ms. Costis won first prize for her oral presentation on Ashram and received a certificate of excellence as well as a $2,000 scholarship for her efforts.

Company president Chris Grove states: "The company is thrilled to see Sophie recognized for her hard work on the project over the last few years. We are committed to advancing the Ashram project in an environmentally responsible manner and Sophie's work will help build this foundation through high-quality data gathering and analysis in a very important field."

The PhD work is being jointly funded through a grant, totalling $300,000, from the Fonds de recherche du Quebec -- Nature et technologie (FRQNT) and the Ministere de l'Energie et des Ressources naturelles (MERN) (see news release dated June 16, 2016). This work is being completed in partnership with the Centre Eau Terre Environnement of the Institut national de la recherche scientifique (INRS), a research-oriented branch of the Universite du Quebec, which has considerable experience in environmental management and sustainability. The PhD project is expected to conclude in late 2020 and will provide a sound basis for continued work on the tailings management of the flotation process plant.

The work to date has been encouraging, with no red flags or serious concerns with the management of the flotation tailings identified, and concluding that there is no acid generating potential as well as strong indications of no metal leaching potential (see news release dated June 5, 2018).

In order to characterize the flotation tailings, a sound understanding of the potential contaminants, their mobility and their stabilization is required. This is first assessed through a series of permeability and static tests (TCLP, SPLP and CTEU) under conditions representative of a Northern Quebec environment (low temperature control room at laboratory installations). This test work phase has now been completed with encouraging results in line with expectations. Follow-up kinetic test work is now under way. In general, static tests are considered less representative of real on-site conditions as they are more aggressive than kinetic tests, and therefore, the encouraging indications of the static tests bodes well for the results of the kinetic tests. Additionally, sequential extraction tests are planned which will further assess the potential mobility, bioavailability, and toxicity of metals and therefore provide information on the metal removal mechanisms.

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, supervised the preparation of the technical information in this news release.

About Commerce Resources Corp.

Commerce Resources is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The company is focused on the development of its Ashram rare earth and fluorspar deposit in Quebec and the Upper Fir tantalum-niobium deposit in British Columbia.

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