Commerce Resources Files NI 43-101 Technical Report for Ashram Deposit

Commerce Resources Corp. has submitted a technical report on SEDAR+ for the Ashram Rare Earth Element and Fluorspar Deposit. The report, titled "Mineral Resource Estimate for the Ashram Rare Earth Element and Fluorspar Deposit, Nunavik, Québec, Canada," is in accordance with National Instrument 43-101 standards. The report follows an updated mineral resource estimate announced on May 22, 2024, which details 73.2 Mt at 1.89% TREO and 6.6% CaF2 indicated, and 131.1 Mt at 1.91% TREO and 4.0% CaF2 inferred.

The report was prepared by BBA Inc., with contributions from several consulting groups such as PLR Resources, DRA Global Limited, and L3 Process Development. All contributors are independent of Commerce Resources. This technical document underscores the company's ongoing commitment to adherence to regulatory standards and transparency in reporting its mineral resources.

Patrik T. Schmidt, a registered professional geologist with Dahrouge Geological Consulting Ltd., supervised the preparation of the technical information in the report. The Ashram Deposit remains central to Commerce Resources' strategy as a leading potential low-cost rare earth elements producer globally.