Commerce Resources (TSE:CCE) has released an update.
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Commerce Resources Corp. has decided to sell its Blue River property in British Columbia to focus on its Quebec-based projects, including the Ashram REE/Fluorspar Deposit and promising niobium claims. The deal includes the transfer of mineral claims and land to the purchaser for 20 million shares, at a deemed price of $0.05 per share, with potential future distribution of these shares to Commerce shareholders. This strategic move aims to streamline the company’s resources and enhance its commitment to becoming a leading low-cost rare earth producer.
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