Commerce Resources Corp. (V:CCE)
Business Focus: Rare Earth Minerals
| Sector: Basic Materials | Industry: Non-Gold Precious Metals & Minerals |
| Company Contact | |
| Address: | 1450 789 West Pender Street VANCOUVER BC V6C 1H2 |
| Tel: | N/A |
| Website: | https://commerceresources.com |
| IR: | See website |
| Key People | ||
| Christopher J. Grove President, Director | Jody Bellefleur Chief Financial Officer | Patrik Schmidt Vice President - Exploration | David Ian Hodge Chief Executive Officer, Director |
| Business Overview |
| Commerce Resources Corp. is a Canada-based junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company's primary focus is on rare earth elements (REEs) and the rare metals tantalum and niobium. Its principal assets are the Eldor Property in Quebec and the Blue River Tantalum-Niobium Property in British Columbia. The Eldor Property is situated in northern Quebec approximately 130 km south of the town of Kuujjuaq. The Property is 100%-owned by the Company and is composed of 244 claims comprising approximately 11,475 hectares, including the Ashram Rare Earth Deposit. The Blue River Property, located in British Columbia, Canada, is host to the Upper Fir Deposit. The Upper Fir Deposit is located approximately 30 kilometers (km) north of the town of Blue River and is owned 100% with no underlying royalties. Capacitor Metals Corp. is the wholly owned subsidiary of the Company. |
| Financial Overview |
| For the three months ended 31 January 2024, Commerce Resources Corp. revenues was not reported. Net loss increased 97% to C$274K. Higher net loss reflects Professional Fees increase from C$4K to C$50K (expense), Reversal of flow-through liability decrease from C$28K (income) to C$0K, Advertising and website increase from C$23K to C$48K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $17.12M as of Jan 31, 2024 |
| Annual revenue (TTM): | $0.00M as of Jan 31, 2024 |
| EBITDA (TTM): | -$1.42M as of Jan 31, 2024 |
| Net annual income (TTM): | -$1.83M as of Jan 31, 2024 |
| Free cash flow (TTM): | -$2.39M as of Jan 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 168,021,555 as of Feb 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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