Rare Earth Elements For A New North America

Commerce Resources Corp.


Commerce Resources is an exploration and development company with a particular focus on deposits of rare earth elements and rare metals. 

The Company is specifically focused on the development of its Ashram Rare Earth and Fluorspar Deposit Project at the Eldor Property in Quebec, and its Upper Fir Tantalum and Niobium Deposit at the Blue River British Columbia.

The Company believes both projects are ready to market to potential partners.

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Our projects

The Ashram Rare Earth Element and Fluorspar Project

The Ashram Deposit is a carbonate with monazite the dominate rare earth mineral, accompanied by less bastnaesite and xenotime. Therefore, the deposit hosts a well-balanced rare earth distribution anchored in the magnet feed rare earths (Nd, Pr, Tb, and Dy) which have the strongest market fundamentals over the near, mid, and long-term. In addition, within the overall resource, there exists a zone of more intense Middle and Heavy Rare Earth Oxide (MHREO) enrichment, termed the ‘MHREO Zone’. This mineralized zone contains an REE distribution of 24% combined NdPr (19% Nd, 5% Pr) with significant Dy (0.9%) and Tb (0.2%). This type of magnet feed and MHREO enrichment is unique to Ashram and extends from surface comprising a significant amount of the deposit’s total resource. .

The Ashram Deposit, including the MHREO Zone, hosts a measured resource of 1.6 million tonnes (Mt) at 1.77% rare earth oxide (REO) and 3.8% F, an indicated resource of 27.7 Mt at 1.90% REO and 2.9% F, and an inferred resource of 219.8 Mt at 1.88% REO and 2.2% F, at a cut-off grade of 1.25% REO.


Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves. 

Blue River Tantalum and Niobium Project

The Blue River Project, host to the Upper-Fir Deposit, is located in east-central British Columbia, Canada, proximal to provincial Hwy # 5 near the town of Blue River, about 230 km north of Kamloops. The Property hosts excellent infrastructure including a network of forestry roads as well as CN rail line and a high voltage power line. Well-positioned to benefit from this infrastructure is the Company’s wholly owned Upper-Fir Tantalum and Niobium Deposit, with an indicated resource of 48.4 Mt at 197 ppm Ta2O5 and 1,610 ppm Nb2O5, and an inferred resource of 5.4 Mt at 191 ppm Ta2O5 and 1,760 ppm Nb2O5 at block unit cut-off values of US$45t for bulk mining and US$66/t for selective mining method.

Mineral resources are not mineral reserves as they do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves.

Latest news

Rare Earth Elements Prices

(As of June 7, 2021)

Concentrate Price (USD/Kg)
Praesodynium Oxide $92.00
Neodynium Oxide $91.00
Terbium Oxide $1,197.50
Dysprosium Oxide $402.50
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