Commerce Resources (TSX-V:CCE, StockForum), a Vancouver-based exploration stage company engaged in the acquisition, exploration, development and evaluation of mineral resource properties in British Columbia and Quebec, announced marked advancements in the metallurgical flowsheet of the Ashram Rare Earth Deposit.
Commerce produced a 43.6% Total Rare Earth Oxide (TREO) mineral concentrate, while maintaining a 70.7% recovery rate and a mass reduction of 96.9% using standard processing methods.
According to the news release there was more good news resulting from this feat including, “Advancement of the hydrometallurgical flowsheet, and confirmation that a high grade fluorite concentrate can be produced using the same flowsheet process as that of the rare earth minerals.”
David Hodge, Commerce Resources president, commented on the company's activities, “Over the last few months the metallurgical work on the Ashram Deposit has focused on recovery rates.”
Hodge went on, “Through this work we can now produce a high grade TREO mineral concentrate with the highest recovery rates to date, and with a significant mass reduction.”
Then he summed up, “This is an important milestone for the Ashram Deposit where mineralogy and metallurgy are paramount in determining production potential.”
Commerce was in the news recently when the company featured on episode 16 of the Next Biggest Winner in October.
Shares climbed 8.33% to $0.065 per share on the news.
Presently there are 166,983,642 shares outstanding with a market cap of $10.85 million.