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Commerce Resources ( (TSE:CCE) ) has shared an announcement.
Commerce Resources Corp. has received conditional approval for $2.6 million CAD from Canada’s Critical Minerals Infrastructure Fund to develop an access road to its Ashram REE/Fluorspar Deposit in Quebec. This funding is crucial for advancing various studies and enhancing access to the Nunavik region, supporting multiple projects and indigenous groups, and aligning with Canada’s strategy to expand sustainable critical minerals production, thereby strengthening supply chains and fostering economic growth.
More about Commerce Resources
Commerce Resources Corp. operates in the mining industry, focusing primarily on the exploration and development of rare earth elements (REE) and fluorspar resources. The company is centered on the Ashram REE/Fluorspar Deposit in Nunavik, Quebec, with a significant emphasis on sustainable critical minerals production.
YTD Price Performance: -12.50%
Average Trading Volume: 182,755
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$14.84M
Learn more about CCE stock on TipRanks’ Stock Analysis page.
