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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

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Post by thairaton Aug 06, 2019 9:41am
86 Views
Post# 29996957

Each mine has different ore, therefore its own requirement

Each mine has different ore, therefore its own requirement
America, Australia, And Japan Try To Limit China's Rare Earth Dominance -- It Won't Be Easy
 
Mark Senti, CEO of Advanced Magnet Lab, Inc., explains...“Each mining deposit generally requires a unique process for successfully extracting the targeted rare earth minerals. Further, depending on the location of the mine, optimization to meet environmental regulations is required as well.”
 
That’s what gives Chinese companies an advantage in the rare earth production process over companies in other countries, according to Senti. “Various companies in China do possess technologies that have been effective with extraction and processing, but they also do not have the same level of environmental regulations,” he says. “Each mine has a different ore and therefore its own requirements for the most efficient and environmentally sound extraction of the Rare Earths.”
 
This means that no matter where rare earths are extracted, they must be sent to Chinese-controlled facilities for processing. “Further, no matter where the rare earth deposits / materials are in the world, China and other parts of Asia are the only regions where permanent magnets are manufactured – this is due to minimal labor costs and environmental regulations,” adds Senti. “So, if you have a rare earth mine in the United States, you ultimately still must ship your materials to those parts for producing permanent magnets.”
 
The bottom line: Teaming up with the right partners may help America discover and mine rare earths, but it won't limit China’s dominance in the market for these important materials.
 
https://www.forbes.com/sites/panosmourdoukoutas/2019/08/06/america-australia-and-japan-try-to-limit-chinas-rare-earth-dominance-it-wont-be-easy/#428d29d6ab3f
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