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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
Comment by thairaton Jul 29, 2019 9:22am
91 Views
Post# 29969844

RE:News: Commerce Res Share Consolidation [Reverse Split 10:1]

RE:News: Commerce Res Share Consolidation [Reverse Split 10:1]Rockstone Research

According to a statement from Chris Grove, President of Commerce Resources: “More capital is needed to complete the pilot plant and produce the approximately 20 samples requested by global majors who have all said a version of the following:
1) they are worried about future supplies and prices for the REEs, and
2) they do not want to have to depend upon a Chinese source for their own future.“

Overall, Commerce Resources has had the immense support of Zimtu Capital Corp. and the patience of all debt holders who believe that Ashram is the right REE project to solve the Western World’s supply problems for these essential commodities. Zimtu Capital held 17,784,178 shares of Commerce Resources at a cost base of $0.15 CAD per share according to Zimtu‘s Quarterly Report as at February 28, 2019.

Typically, the goal of a share consolidation (also called “roll-back“) is to complete an equity financing sometime thereafter...

https://www.rockstone-research.com/index.php/de/research-reports/5531-Lean-and-Mean-A-Fighting-Machine

Bullboard Posts