Commerce Resources Receives $2.6M CAD from Canada’s Critical Minerals Infrastructure Fund for the Access Road to the Ashram REE/ Fluorspar Deposit, Quebec

Commerce Resources Corp. has secured a significant milestone in advancing its Ashram rare earth elements and fluorspar deposit in Quebec, receiving conditional approval for $2.6 million CAD in funding from Natural Resources Canada's Critical Minerals Infrastructure Fund. The funding is specifically designated for the development of access road infrastructure to the project site, representing a crucial step in moving the deposit toward potential production readiness.

The funding approval comes through the federal government's Critical Minerals Infrastructure Fund, which is designed to support the development of critical mineral projects that are essential to Canada's economic competitiveness and national security. Rare earth elements and fluorspar are both considered critical minerals due to their importance in clean energy technologies, defense applications, and advanced manufacturing sectors.

For Commerce Resources, this funding represents both financial support and governmental validation of the Ashram project's strategic importance. Access road development is a fundamental infrastructure requirement for any mining operation, and securing government backing for this phase demonstrates the project's alignment with Canada's critical minerals strategy. The funding reduces the company's capital requirements for infrastructure development and de-risks the project advancement timeline.

The approval positions Commerce Resources to accelerate development activities at Ashram while benefiting from federal support for critical minerals development. This funding mechanism reflects the Canadian government's commitment to building domestic critical minerals supply chains and reducing dependence on foreign sources for these strategically important materials.