Commerce Resources Signs MOU to Process Upper Fir Material from Blue River Project
TSX VENTURE: CCE
Vancouver, British Columbia (FSCwire) - Commerce Resources Corp. (TSXv: CCE; FSE: D7H) (“Commerce”) is pleased to announce that it has executed a Memorandum of Understanding (“MOU”) with Alexander Krupin for the purpose of integrating feedstock from Commerce’s Upper Fir Tantalum and Niobium Deposit in British Columbia (the “Upper Fir Deposit”) with the proprietary separation process developed by Alexander Krupin.
Under the terms of the MOU, Commerce will provide a one metric tonne sample of Upper Fir Deposit material to Alexander Krupin’s facility in Estonia, for the purposes of evaluating the process and its applicability in processing the feed stock material to independent tantalum and niobium products.
It is expected that this sample of material from the Upper Fir Deposit will be received in Estonia in the next several weeks and processing work will begin immediately.
Commerce Resources President Chris Grove states “We are excited by this opportunity to work with, and supply material to, Alexander Krupin for test work using his novel processing technology in Estonia. Alexander has a long and significant history in metallurgy and we are very interested to see the results from this demonstration of his new technology on our Upper Fir Deposit feed stock, from our Blue River project here in British Columbia.”
About Alexander Krupin
Alexander Krupin is an expert in the recovery of tantalum and niobium products. His overall professional experience is more than 35 years of work in this field, including more than 15 years of production experience in processing high-grade tantalum and niobium ore concentrates. His research activities have developed new technologies for the chemical upgrading of low-grade tantalum and niobium ore concentrates.
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 Upper Fir Tantalum and Niobium Deposit in British Columbia.