June 29, 2022


Technology Forever

Commerce Resources Corp. Announces Encouraging Results from XRF Ore Sorting Exam Software, Ashram Deposit, Quebec

VANCOUVER, BC / ACCESSWIRE / January 13, 2021 / Commerce Methods Corp. (TSXV:CCE)(FSE:D7H0) (the “Company” or “Commerce”) is happy to announce encouraging results from an XRF ore sorting test project initiative with MineSense, a digital mining options company primarily based in Vancouver, BC. The challenge was executed as component of the Company’s ongoing collaboration with CanmetMINING, a branch of Organic Means Canada (NRCan).

The MineSense technology is based mostly mainly on XRF (X-ray fluorescence) sensors fitted to distinct items of current mining machines which keep track of the spectral response of the materials remaining actively mined in get to determine its composition. The technological innovation presents for a higher degree of grade command as opposed to typical techniques, which permits for enhanced mine arranging and resultant expense efficiencies.

The lately finished check challenge assessed the spectral response of 127 coarse analytical drill core rejects, comprising 5 rock varieties involved with the Ashram Rare Earth and Fluorspar Deposit. The Company is delighted to report that algorithmic modelling of responses acquired from every single XRF and LIBS (Laser Induced Breakdown Spectroscopy) analyses have been prosperous in predicting the neodymium (Nd) written content of the samples, among the other aspects. This is a important consequence as it implies that a shovel or belt mounted sensor could successfully estimate the Nd articles of the uncooked operate-of-mine feed, permitting for serious-time grade-regulate and thus far more successful and value-productive mining.

Further more work was suggested, which includes a desktop geostatistical analysis of the drill gap databases and a thorough assessment of mineral processing variables which, collectively, would feed into an financial assessment of the XRF, LIBS, or blended XRF-LIBS ore sorting technique for the Ashram Challenge. The Corporation is at this time evaluating the optimal method and plan for up coming techniques.

The funding for the check get the job done was offered by Pure Sources Canada (NRCan) as a result of CanmetMINING’s 6-calendar year uncommon earth ingredient (“REE”) and chromite method, (declared in April 2015), focused on acquiring new extraction systems, addressing Canadian environmental worries, and bettering the information of Canadian deposits ( www.reechromite.ca ). The Company’s contribution to the collaboration was a source of REE mineralized material from the Ashram Deposit, in which numerous tonnes remain readily out there from a bulk sample accomplished in 2012.

The Ashram Deposit outcrops at floor, allowing for for price tag-successful collection of materials for check get the job done. As these, the Enterprise is actively engaging with many analysis and tutorial institutions to guidance the development of the REE sector in Canada, and in Quebec precisely.

About MineSense

MineSense ( minesense.com ) specializes in digital technological know-how options for ore-squander classification in actual-time at the mine extraction facial area (operate-of-mine), thus providing far better grade command compared to that of the deposit block model or mine plan. MineSense makes use of data analytics mixed with its trademarked ShovelSense and BeltSense systems to check mineralogical or grade adjustments in an ore overall body each day, as it is mined. This information permits for optimal ore blending, grade trend characterization, and in general improved mine organizing with resultant price efficiencies and minimized environmental footprint.

About CanmetMINING

CanmetMINING, a S&T department of the Lands and Minerals sector of Pure Methods Canada with facilities in Ottawa, Val-d’Or, and Sudbury is a planet course leader in the progress and deployment of inexperienced mining and transformative technologies. Below the banner of Inexperienced Mining Innovation, CanmetMINING has two intertwined aims: lower the environmental impacts and enhance Canada’s competitiveness relevant to mineral source advancement. CanmetMINING continues to work with stakeholders to establish and deploy eco-friendly technologies that will enhance energy effectiveness, lessen greenhouse gasoline (GHG) emissions, lessen squander generation and water consumption and maximize efficiency. CanmetMINING also equips Canada to deal with ecosystem threats and to craft and apply audio, science-centered rules.

NI 43-101 Disclosure

Darren L. Smith, M.Sc., P.Geo., Dahrouge Geological Consulting Ltd., a Permit holder with the Ordre des Géologues du Québec and Capable Man or woman as defined by Countrywide Instrument 43-101, supervised the planning of the technical data in this information launch.

The expression “ore” as noted herein, refers to the industry’s desired description of the engineering mentioned (i.e. ore sorting). At this time, no reserve estimate has been identified for the Ashram Deposit, and thus no “ore” has been described. The Ashram Deposit hosts a calculated useful resource of 1.6 million tonnes (Mt) at 1.77% uncommon earth oxide (REO) and 3.8% F, an indicated useful resource of 28 Mt at 1.90% REO and 2.9% F, and an inferred useful resource of 220 Mt at 1.88% REO and 2.2% F, at a lower-off grade of 1.25% REO.

About Commerce Assets Corp.

Commerce Means Corp. is an exploration and development business with a particular aim on deposits of scarce metals and uncommon earth elements. The Enterprise is centered on the progress of its Ashram Rare Earth Factor Deposit in Quebec and the Higher Fir Tantalum-Niobium Deposit in British Columbia.

For more information and facts, make sure you visit the corporate web-site at www.commerceresources.com or e mail .

On Behalf of the Board of Administrators


“Chris Grove”

Chris Grove

President and Director

Tel: 604.484.2700


Web: http://www.commerceresources.com

Neither TSX Enterprise Trade nor its Regulation Solutions Supplier (as that phrase is defined in policies of the TSX Venture Trade) accepts accountability for the adequacy or precision of this release.

Ahead Wanting Statements

This information release consists of ahead-hunting info which is subject to a variety of risks and uncertainties and other things that could induce real events or success to vary from all those projected in the ahead-hunting statements. Forward seeking statements in this push launch contain that a shovel or belt mounted sensor could successfully estimate the Nd articles of the uncooked operate-of-mine feed, permitting for serious-time quality-command and a lot more economical and value-efficient mining. These forward-seeking statements are topic to a range of threats and uncertainties and other variables that could cause real events or benefits to differ materially from these projected in the ahead-seeking information and facts. Dangers that could improve or prevent these statements from coming to fruition consist of that our conclusions about CanmetMINING’s work could not confirm to be accurate transforming prices for mining and processing elevated cash charges the timing and content of approaching get the job done plans geological interpretations centered on drilling that might alter with additional thorough facts prospective system solutions and mineral recoveries assumption dependent on minimal check do the job and by comparison to what are thought of analogous deposits that with more examination work may not be similar tests of our approach may possibly not confirm successful and even it checks are effective, the financial and other outcomes may well not be as envisioned the availability of labour, equipment and markets for the solutions manufactured and irrespective of the existing expected viability of the job, situations switching these that the minerals on our house can’t be economically mined, or that the expected permits to make and work the envisaged mine can be acquired. The forward-searching data contained herein is supplied as of the day hereof and the Corporation assumes no accountability to update or revise these facts to mirror new occasions or circumstances, other than as essential by law.

Resource: Commerce Sources Corp.

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