Welcome to the Exciting World of Commerce Resources Corp!
An Exciting Announcement from Commerce Resources Corp
VANCOUVER, BC / ACCESS Newswire / February 7, 2025
Commerce Resources Corp. (TSXv:CCE)(FSE:D7H0)(OTCQX:CMRZF), also known as Commerce, has some exciting news to share with its investors and stakeholders. The company has recently received conditional approval for funding of up to $2,606,977 CAD from Natural Resources Canada’s (NRCan) Critical Minerals Infrastructure Fund (CMIF). This funding will be used for the progression of the access road to Commerce’s Ashram REE/Fluorspar Deposit in Nunavik, Quebec.
Highlights of the Announcement
The conditional funding approval of up to C$2,606,977 from NRCan is part of the Critical Minerals Infrastructure Fund (“CMIF”) program. This approval is subject to completion of due diligence and the execution of a written agreement between Commerce Resources Corp. and NRCan. Once finalized, this funding will support the development of the access road to the Ashram REE/Fluorspar Deposit, a key project for Commerce.
Now, let’s dive deeper into what this announcement means for Commerce Resources Corp and the future of the company.
How This Announcement Will Affect You
As an investor or stakeholder in Commerce Resources Corp, this funding approval is great news for you. It demonstrates the government’s support for critical minerals projects in Canada and highlights the potential of the Ashram REE/Fluorspar Deposit. The development of the access road will improve the infrastructure around the deposit, making it more accessible and potentially increasing the value of the project. This could lead to positive outcomes for Commerce Resources Corp, such as increased investor interest, potential project expansions, and ultimately, a stronger position in the market.
How This Announcement Will Affect the World
On a larger scale, this funding approval is significant for the world of critical minerals and infrastructure development. The support from NRCan for projects like the Ashram REE/Fluorspar Deposit highlights the importance of securing a stable supply of critical minerals, especially in sectors like technology, renewable energy, and defense. By investing in the infrastructure needed to access these critical mineral deposits, Canada is positioning itself as a key player in the global supply chain. This could have ripple effects on the global market for critical minerals, driving innovation, economic growth, and sustainability in the long run.
In Conclusion
Commerce Resources Corp’s conditional approval for funding from NRCan’s Critical Minerals Infrastructure Fund is a positive development for the company and the critical minerals sector as a whole. This announcement signifies progress towards the development of the Ashram REE/Fluorspar Deposit and highlights the importance of infrastructure investments in unlocking the potential of critical mineral projects. As we look towards the future, we can expect to see continued growth and innovation in the critical minerals market, driven by projects like the one being supported by NRCan’s CMIF.
