Commerce Resources Shakes Up Management: What You Need to Know!

Ladies and gentlemen, buckle up! Commerce Resources Corp. (TSE:CCE) just dropped a bombshell that’s going to shake up the rare earth market. The company announced a major change in management, and it’s a game-changer. Let’s dive in and see what this means for your portfolio!

First things first, Jody Dahrouge, the man who’s been the driving force behind the discovery and development of the Ashram Rare Earth and Fluorspar Deposit in Quebec, has resigned from the Board of Directors. This is a big deal, folks! Dahrouge’s leadership has been crucial in making Commerce Resources what it is today. But don’t worry, the company is still focused on becoming a leading low-cost producer in the rare earth market. They’re not slowing down; they’re just changing gears.

Now, let’s talk about the new sheriff in town. Chris Grove, who’s been with the company since 2012 and has been the President since 2014, has taken over as the new CEO. Grove is no stranger to the company’s operations, and his appointment is a testament to his experience and knowledge. He’s excited about the opportunities ahead, and so should you be!



But that’s not all! Commerce Resources is also spinning out its Blue River property into a newly created entity called SpinCo. This move will allow the company to focus entirely on its Ashram Property in Quebec. The spinout is expected to be completed by way of a statutory plan of arrangement, and shareholders will receive common shares of SpinCo in relation to the number of common shares of the Company that they hold. This is a win-win situation for shareholders, as they’ll have a stake in both the parent company and the spinout entity.

Now, let’s talk about the implications of this spinout. By focusing on the Ashram Property, Commerce Resources can allocate resources more efficiently and become a leading low-cost producer in the rare earth market. The Ashram Deposit is one of the largest rare earth deposits globally, and the company aims to be a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the global market. This strategic positioning can help Commerce Resources secure long-term contracts and partnerships, enhancing its competitive edge.

But wait, there’s more! The spinout is expected to complete one or more private placement offerings, the net proceeds of which would be used to fund the working capital and research and development needs of SpinCo. This could provide additional financial resources for the development and commercialization of the Blue River Property, potentially increasing its value and benefiting shareholders.

So, what does all this mean for you? If you’re an investor in Commerce Resources, you should be thrilled! The company is making bold moves to enhance its competitive position in the rare earth market, and the spinout of the Blue River property is a strategic move that could significantly benefit shareholders. The appointment of Chris Grove as the new CEO brings a fresh perspective and new ideas to the company, which could enhance its operational efficiency.

But don’t just take my word for it. Do your own research and stay tuned for more updates from Commerce Resources. This is a company on the move, and you don’t want to miss out on the action!

So, what are you waiting for? Get in on the ground floor and invest in Commerce Resources Corp. today! This is a no-brainer, folks! The company is positioning itself to be one of the lowest cost rare earth producers globally, and the spinout of the Blue River property is a strategic move that could significantly benefit shareholders. Don’t miss out on this opportunity to be part of the rare earth revolution!