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The latest announcement is out from Commerce Resources ( (TSE:CCE) ).
Commerce Resources Corp. has announced the grant of 2,500,000 stock options to certain officers and consultants under its Equity Incentive Plan, which are exercisable at $0.12 per share until March 2028. This move is part of the company’s strategy to retain key personnel as it plans a dual listing on the Australian Securities Exchange and advances the Ashram Project, a significant rare earth and fluorspar deposit, to its next development stage.
More about Commerce Resources
Commerce Resources Corp. is a junior mineral resource company focused on developing the Ashram Rare Earth and Fluorspar Deposit in northern Quebec, Canada. The company aims to be a low-cost producer of rare earth elements, with a focus on supplying mixed rare earth carbonate and NdPr oxide globally. Additionally, Commerce is exploring other high-value commodities like niobium and phosphate minerals to potentially reduce costs.
YTD Price Performance: -6.25%
Average Trading Volume: 174,510
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$15.9M
For detailed information about CCE stock, go to TipRanks’ Stock Analysis page.