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Commerce Resources Corp V.CCE

Alternate Symbol(s):  CMRZF

Commerce Resources Corp. is a Canada-based junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is primarily focused on suppling of mixed rare earth carbonate and/or neodymium and praseodymium (NdPr) oxide to the global market. Its primary asset is the Eldor Property in Quebec. The Eldor Property is situated in northern Quebec approximately 130 km south of the town of Kuujjuaq. The Property is 100%-owned by the Company and is composed of 244 claims comprising approximately 11,475 hectares, including the Ashram Rare Earth Deposit. Capacitor Metals Corp. is the wholly owned subsidiary of the Company.


TSXV:CCE - Post by User

Bullboard Posts
Post by thairaton Jun 28, 2019 5:18am
33 Views
Post# 29872737

Pentagon’s REEs and Tantalum concern grows

Pentagon’s REEs and Tantalum concern grows
Rare-earths concern grows
 
As the Pentagon looks to remove Chinese-made parts from its weapons, Rep. Chrissy Houlahan, D-Penn., wants the Defense Department to come up with a plan to make sure it has access to critical rare earth minerals today supplied largely by China.
 
“When you think about everything that is made on the civilian side [and] on the defense side that requires many of these rare earths to be part of their construction, I think that it’s more of a global issue,” said Houlahan, a member of the House Armed Services Committee and a former chemistry teacher who boasts about being “somewhat infatuated with the periodic table.” 
 
Earlier this month, she added an amendment to the 2020 National Defense Authorization Act that would require the Pentagon “to develop guidance on the streamlined acquisition of items with rare earth materials and to prevent our adversaries, like China, from controlling the world’s supply of these key materials.” It would also add tantalum — an alloy used in semiconductors, turbine blades, and rocket nozzles — as “a covered material for purposes of disposition under the National Defense Stockpile program.” The bill must still pass the full House and Senate to become law.
 
Concern about rare earths is rising along with tensions between Washington and Beijing. In May, China threatened to cut U.S. access to rare earths amid countries’ trade battle. 
 
“I think people are starting to pay more attention to it as demonstrated by the 60 Minutes piece,” Houlahan said. “It hasn’t been terribly sexy to talk about rare earths, but all of a sudden it seems as though people have it in their vernacular.”
 
https://www.defenseone.com/business/2019/06/global-business-brief-june-27-2019/158054/
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