Commerce Resources Enters Into Agreement to Sell Its Blue River Property
Commerce Resources Enters Into Agreement to Sell Its Blue River Property
VANCOUVER, BC / ACCESSWIRE / May 21, 2024 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce") has elected to dispose of the Blue River Assets (as defined below) by pursuing a sale of the property to a third party (the "Blue River Transaction").
卑诗省温哥华 / ACCESSWIRE / 2024年5月21日 / Commerce Resources Corp.(TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF)(以下简称“公司”或“Commerce”)已选定通过向第三方(以下简称“蓝河交易”)出售该物业来处置蓝河资产(如下定义)的蓝河资产。
Company President Chris Grove states "We believe that focusing exclusively on our claims in Quebec with the significant opportunities of both our Ashram REE/ Fluorspar Deposit and our highly prospective niobium claims - on which we plan to drill this year - makes the best sense for the Company. We also believe that the Blue River claims will be effectively stewarded by the management of Capacitor Metals."
公司总裁 Chris Grove 表示:"我们相信,专注于魁北克的权益,包括我们 Ashram REE/Fluorspar 存款和高度前途可期的铌权益——我们计划在今年钻探——对公司来说是最有意义的。我们还相信,蓝河权益将由电容器金属的管理有效地掌管"。
The Company clarifies that, further to its news release dated June 22, 2023, it will no longer proceed with a spin out of its Blue River Assets (as defined below) pursuant to a proposed statutory plan of arrangement, as previously disclosed.
公司澄清:根据其2023年6月22日的新闻发布,公司将不再根据拟议中的安排计划继续回转其蓝河资产(如下所定义),如先前披露。
The Company has entered into a property purchase agreement (the "Purchase Agreement") with an arm's length private company (the "Purchaser") to sell its interest in certain mineral claims comprising the "Blue River" property (the "Blue River Claims") located near Blue River, British Columbia. As part of the transaction, the sale will also include certain real property owned by the Company also located in Blue River, B.C. (the "Blue River Land", and together with the Blue River Claims, the "Blue River Assets"). As consideration for the Blue River Assets, the Company will receive 20,000,000 common shares in the capital of the Purchaser at a deemed price of $0.05 per share (the "Blue River Shares"). Completion of the Blue River Transaction is subject to the conditions set forth in the Purchase Agreement, including, if required, acceptance by the TSX Venture Exchange.
公司已经与一家独立的私人公司(以下简称“购买方”)签订了一份财产购买协议(以下简称“购买协议”),以出售其在卑尔根省蓝河市附近的“蓝河”财产(以下简称“蓝河索赔”)包括的某些矿权。作为交易的一部分,销售还将包括公司在BC省蓝河市拥有的某些房地产(以下简称“蓝河土地”),以及与蓝河索赔一起的所有资产(下称“蓝河资产”)。作为蓝河资产的代价,公司将按每股0.05美元的价格收到购买方的20,000,000股普通股票(以下简称“蓝河股票”)。蓝河交易的完成取决于购买协议中规定的条件,包括必要时获得 TSX Venture Exchange 的接受。
It is the Company's current intention to distribute the Blue River Shares to its shareholders on a pro rata basis at a later date. Any disposition of the Blue River Shares will, if undertaken, be conducted in compliance with applicable corporate and securities laws, and the policies of the TSX Venture Exchange.
现行计划是将蓝河股票以 "基础价格" 分配给公司的股东。任何蓝河股票的处置都将在遵守适用的公司和证券法律以及 TSX Venture Exchange 的政策的前提下进行。按比例本新闻稿包含前瞻性陈述,其中包括公司认为、期望或预计的将来可能出现的活动、事件或发展的任何信息。本新闻稿中的前瞻性陈述包括:蓝河资产的销售取决于特定条件,包括 TSX Venture Exchange 的接受(如有必要);公司可能会在“基础价格”上将蓝河股票分配给股东;Ashram Deposit 有可能成为长期的贵金属和酸洗易碎品市场的供应商;公司正在定位成为全球成本最低的稀土生产商之一。本新闻稿中包含的前瞻性陈述受到各种风险、不确定因素和其他因素的影响,这些因素可能导致实际事件或结果与前瞻性信息中预测的不同。可能改变或防止这些声明实现的风险包括:TSX Venture Exchange 可能不会接受蓝河资产的销售;蓝河资产的销售可能不会按照购买协议所规定的方式完成或根本没有完成;即使我们能够完全为 Ashram 项目的任何进一步勘探融资,勘探活动的成本可能会增加,以至于我们可能没有足够的资金来支付这种勘探或加工活动;任何未来的工作计划的时间和内容;根据钻探得出的地质解释可能随着更详细的信息而改变;基于有限的试验工作和与被认为是类似物质的矿床进行比较的矿物回收假设可能不可比拟的工艺方法;即使这样的测试成功,经济和其他成果可能不如预期;未来探矿工作和测试活动所需的劳动力和设备的可用性;可能无法及时或具有成本效益地获得建造和运营设想的露天矿场所需的许可证,或根本无法获得;尽管 Ashram 项目当前有望可行,但情况可能会改变,即使在 Ashram 项目上发现了金属或矿物,该项目也可能没有商业可行性。本新闻稿中包含的前瞻性陈述是截至本文发布日期所做的,公司不承担更新或修订这些信息以反映新事件或情况的责任,除非法律要求这样做。
About Commerce Resources Corp.
关于Commerce Resources Corp.。
Commerce Resources Corp. is a junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is positioning to be one of the lowest cost rare earth producers globally, with a specific focus on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the global market. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favourable grade, and has demonstrated the production of high-grade (>45% REO) mineral concentrates at high recovery (>70%) in line with active global producers. In addition to being one of the largest rare earth deposits globally, Ashram is also one of the largest fluorspar deposits globally and has the potential to be a long-term supplier to the met-spar and acid-spar markets.
Commerce Resources Corp.是一家初创的矿产资源公司,专注于开发位于加拿大魁北克的Ashram稀土和氟石矿床。该公司定位为全球成本最低的稀土生产商之一,并专注于成为全球市场上混合稀土碳酸盐和/或NdPr氧化物的长期供应商。Ashram矿床的特点是简单的稀土(独居石、碳酸盐)和固体溶胶(碳酸盐)矿物、有利等级的大储量资源,并已展示出与活跃全球生产商一致的高品位(>45%稀土氧化物)和高回收率(>70%)的矿物浓缩物的生产。除了是全球最大的稀土矿床之一,Ashram还是全球最大的氟石矿床之一,有可能成为见冶金氟石和酸性氟石市场上的长期供应商。
For more information, please visit the corporate website at or email info@commerceresources.com.
更多信息,请访问公司网站或发送电子邮件至info@commerceresources.com。
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
董事会代表
商业资源公司。
"Chris Grove"
Chris Grove
President and Director
Tel: 604.484.2700
Email: cgrove@commerceresources.com
Web:
"克里斯·格罗夫。"
克里斯·格罗夫。
总裁和董事
电话:604.484.2700。
电子邮件: cgrove@commerceresources.com。
网站:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
TSX Venture Exchange及其监管服务提供者(如TSX Venture Exchange的政策中所定义的那样)均不对本发布的充分性或准确性承担责任。
Forward Looking Statements
前瞻性声明
This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future. Forward looking statements in this news release include that the sale of the Blue River Assets is subject to certain conditions, including acceptance by the TSX Venture Exchange, if required; that the Company may distribute the Blue River Shares to shareholders on a pro rata basis; that the Ashram Deposit has the potential to be a long-term supplier to the met-spar and acid-spar markets; and that the Company is positioning to be one of the lowest cost rare earth producers globally. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include: that the TSX Venture Exchange may not accept the sale of the Blue River Assets; that the sale of the Blue River assets may not be completed as contemplated in the purchase agreement, or at all; that we may not be able to fully finance any additional exploration on the Ashram Project; that even if we are able raise capital, costs for exploration activities may increase such that we may not have sufficient funds to pay for such exploration or processing activities; the timing and content of any future work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumptions based on limited test work and by comparison to what are considered analogous deposits that, with further test work, may not be comparable; testing of our process may not prove successful and even if such tests are successful, the economic and other outcomes may not be as expected; the availability of labour and equipment to undertake future exploration work and testing activities; the required permits to build and operate the envisaged open-pit shell may not be obtained in a timely or cost-effective manner, or at all; and despite the current expected viability of the Ashram Project, conditions changing such that even if metals or minerals are discovered on the Ashram Project, the project may not be commercially viable. The forward-looking statements contained in this news release are made as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
本新闻稿包含前瞻性陈述,其中包括公司认为、期望或预计的将来可能出现的活动、事件或发展的任何信息。本新闻稿中的前瞻性陈述包括:蓝河资产的销售取决于特定条件,包括 TSX Venture Exchange 的接受(如有必要);公司可能会在“基础价格”上将蓝河股票分配给股东;Ashram Deposit 有可能成为长期的贵金属和酸洗易碎品市场的供应商;公司正在定位成为全球成本最低的稀土生产商之一。这些前瞻性陈述受到各种风险、不确定因素和其他因素的影响,这些因素可能导致实际事件或结果与前瞻性信息中预测的不同。按比例现行计划是将蓝河股票以"基础价格"分配给公司的股东。任何蓝河股票的处置都将在遵守适用的公司和证券法律以及 TSX Venture Exchange 的政策的前提下进行。公司总裁 Chris Grove 表示:"我们相信,专注于魁北克的权益,包括我们 Ashram REE/Fluorspar 存款和高度前途可期的铌权益——我们计划在今年钻探——对公司来说是最有意义的。We also believe that the Blue River claims will be effectively stewarded by the management of Capacitor Metals."Ashram Deposit 有可能成为长期的贵金属和酸洗易碎品市场的供应商;公司正在定位成为全球成本最低的稀土生产商之一。这些前瞻性陈述受到各种风险、不确定因素和其他因素的影响,这些因素可能导致实际事件或结果与前瞻性信息中预测的不同。
SOURCE: Commerce Resources Corp.
来源:商业资源公司。