VANCOUVER, Nov. 3, 2014 /CNW/ - Commerce Resources Corp. (TSXv: CCE, FSE: D7H) (the "Company" or "Commerce") is pleased to announce that Deloitte Global Metals & Mining Group ("Deloitte") has been engaged to assist the Company in identifying and evaluating processing partnerships, financing joint ventures, and/or offtake opportunities for the development of its 100% owned Ashram Rare Earth Element Deposit in Quebec, and Upper Fir Tantalum and Niobium Deposit in British Columbia, Canada.
Commerce President Chris Grove states: "We are impressed by the track record of Deloitte in connecting mineral projects to joint venture partners and we look forward to working with them for the development of both of our assets. Historically, Deloitte has been successful in connecting companies with joint venture partners from China, Japan and Korea and we are excited to be working with them in this region".
Jeremy South, Deloitte's Global Mining M&A Leader commented, "Our team of Mining M&A professionals in Canada and Asia will work closely with Commerce's management team to achieve its goal of accelerating the development of both the Ashram Rare Earth Element Deposit and the Upper Fir Tantalum and Niobium Deposit via securing a long-term strategic partner. We look forward to leveraging our global reach and expertise to assist Commerce."
About Deloitte Global Metals & Mining Advisory Group
Deloitte's Global Metals & Mining Advisory Group offers sophisticated investment banking advice to companies participating in transactions globally. With over 3,000 M&A Advisory professionals, Deloitte has one of the largest M&A practices in the world. It has an extensive presence in Asia Pacific - with over 900 M&A professionals based in this region. Deloitte is also a leading global provider of professional services to the metals & mining sector with extensive experience advising on project finance transactions. The core service team working with Commerce will be based in Vancouver, Beijing, Seoul, Tokyo and Frankfurt; also drawing on experienced Deloitte professionals in Toronto, Singapore, London and Perth.
About Commerce Resources Corp.
Commerce Resources Corp. is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The Company is focused on the development of its Ashram Rare Earth Element Deposit in Quebec and the Blue River Tantalum-Niobium Project in British Columbia.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include but are not limited to that the Advisor will be successful in identifying processing partnerships, financing joint ventures or offtake opportunities or that the Company will be successful in securing a long-term strategic partner. Forward-looking information is provided as of the date hereof and we assume no responsibility to update, or revise them to reflect new events or circumstances.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Investors who have indicated their investment intent may not close as expected. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.
SOURCE: Commerce Resources Corp.
For further information: Please visit the corporate website at http://www.commerceresources.com or contact Investor Relations at 1.866.484.2700 or [email protected]