Commerce Resources Corp.

Commerce Resources Corp. is an exploration and development company with a particular focus on tantalum, niobium and rare metal deposits with a potential for economic grades and large tonnages. The Company is specifically focused on the development of its Upper Fir tantalum and niobium deposit in British Columbia, Canada. Commerce is well positioned with sufficient capital to advance the commercialization of a prospectively lucrative mining operation for tantalum and niobium.

Watch Now. David Hodge, President, interviewed on BNN (10/09)

"Commerce intends to become a large, low-cost and reliable producer of tantalum and niobium for global markets. Tantalum is a rare specialty metal known for its high capacitance (ability to hold and release a charge) largely used in electronic devices. Demand has grown consistently at a CAGR of 5% since 1990; demand (6 Mlb) is met by primary supply (4.3 Mlb) plus scrap, inventories and slag. Over the past 12 months, primary producers have shut down and inventories have been run down. Another supply constraint is increasing recognition of material sourced from conflict regions in Africa.

Commerce is advancing its Upper Fir deposit on the Blue River property in British Columbia. The property boasts good infrastructure and compliant resources of 14.7 million tons indicated grading 190 g/t Ta2O5 and 1,300 g/t Nb2O5 plus 19.8 million tons inferred grading 188 g/t Ta2O5 and 1,612 g/t Nb2O5. Data from an updated resource estimate, processing of a 2,000 ton bulk sample and test marketing are expected to lead to a PEA by year-end 2009.

The company's second project is Eldor, located 130 kilometers south of Kuujjuaq, Québec. Encouraging tantalum and niobium grades were encountered in 2008 drilling and the Ashram REE zone returned encouraging surface sampling in 2009."
    -   Junior Mining Weekly (11/03/09)

"A good up-and-coming company to look at is Commerce Resources Corp. (TSX-V:CCE, FSE:D7H, PK SHEETS:CMRZF). They're mining tantalum—from one of the richest tantalum deposits in the world—and niobium in Canada. Tantalum is a major part of the electronics industry and, as the economy recovers in the next couple of years, I think demand for their product will be very good. Also Commerce's president, Dave Hodge, told me a number of weeks ago and they were somewhat insulated from the credit crisis. That's a plus going forward, and I do see intermediate-term investment potential there."
    -   The Gold Report Interview with Clif Droke (09/18/09)

"A few weeks ago, it was reported that a draft policy document issued by China's Ministry of Industry and Information Technology (MIIT) recommended restricting exports of key rare earth elements (REE). This prompted frenzy in REE explorers and developers as investors speculated that burgeoning clean tech end-users would be stuck without the necessary REE supplies for hybrid batteries, wind turbine magnets, et cetera. At a conference last week, however, the Deputy Minister of MIIT soothed market fears, saying that the door would not be closed on exports. However growing interest in REE has created a proliferation of companies claiming exposure to lithium or REE or other specialty metal exploration. . .Commerce Resources (CCE) reports that its summer exploration program has discovered a new zone of REE mineralization on the Eldor project located approximately 140 kilometers south of Kuujjuaq in northern Québec. Grab samples are returning greater than 1% total rare earth oxides (TREO) plus yttrium. A follow-up sampling program is planned this month."
    -   Morning Coffee, Canaccord Capital (09/10/09)

"Just like uranium, molybdenum and lithium before them, rare earth metals are now enjoying the perks that come with not only being the new kids on the block, but also being the most popular (they have the right stuff). Rare earth metals are used in the making of hybrid vehicles, electric vehicles, iPods and Blackberrys. As the Globe and Mail highlighted yesterday, because of the popularity of hybrid cars like the Prius with its electric motor and battery that guzzles rare earth metals, worldwide demand for rare earth metals, covering 15 entries on the periodic table of elements, is expected to exceed supply by some 40,000 tonnes annually in several years, unless major new production sources are developed. On top of that, China, the world's dominant rare earths producer, is currently looking at options that would include hoarding and banning exports of certain rare earth metals—just when global demand is swelling. Providing some hope is private company Molycorp Minerals, which plans to reopen the Mountain Pass mine in California (by 2012)—the largest past producer of rare earth metals in the U.S. The list of established players in rare earth metals on the North American markets is thin. Canaccord Adams is bullish on Neo Materials (NEM), which does not mine rare earth metals but instead participates in the separation and processing of the metals. The following is a list of some of the smaller rare earth metals exploration names Canaccord Adams is keeping an eye on: Lynas (LYC:ASX), Avalon (AVL), Arafura (ARU:ASX), Greenland (GGG:ASX), Rare Element (RES), Commerce (CCE), Great Western (GWG), Hudson (HUD) and Matamac (MAT)."
    -   Morning Coffee, Canaccord Capital (09/01/09)

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