Commerce Resources (TSX-V) has reported a notable discovery at its Eldor property in Québec, Canada, revealing a significant niobium intercept of 122.5 meters at a grade of 0.62% Nb2O5, found close to the surface. This finding highlights the increasing relevance of niobium as a critical mineral, particularly for its applications in high-strength steel and super alloys vital to industries like aerospace and automotive.

The 2024 summer-fall drill program at the Eldor property has recently concluded, featuring 29 NQ-size diamond drill holes that totaled 8,253 meters. Drilling was conducted from early July to mid-September 2024, concentrating on two main areas: the Mallard prospect and the Spoke. Initial assay results from the first seven drill holes have demonstrated strong niobium mineralization, further strengthening Commerce's standing in the critical minerals sector.

In addition to niobium, the Eldor property is noteworthy for its other critical element occurrences, particularly the rare earth Ashram deposit. This deposit has been thoroughly studied, showing indicated resources of 73.2 million tonnes at 1.89% total rare-earth oxide (TREO) and inferred resources of 131.1 million tonnes at 1.91% TREO. The combination of niobium and rare earth elements positions Commerce as a significant player in the growing market for critical minerals, which are becoming increasingly vital for technology advancements and energy transitions.

Ross Carroll, CEO of Commerce Resources, emphasized the company's dual focus on advancing the Ashram deposit and preparing a preliminary economic assessment. He recognized the longstanding potential for significant niobium resources at the Eldor property, reflecting a strategic vision that aligns with global trends towards sustainable resource development.

The recent drill results and the potential expansion of niobium resources are particularly timely, given the rising demand for niobium across various industrial applications. This trend aligns with broader national initiatives to secure critical mineral supplies, enhancing economic resilience and sustainability.

Commerce Resources is strategically positioned to take advantage of these trends, actively working to develop its niobium and rare earth resources. The company's dedication to sustainable resource development and its aim to meet the increasing demand for critical minerals will likely attract close attention from investors and industry stakeholders as it progresses with its projects in the coming years.

As the importance of niobium and rare earth elements continues to rise in the global economy, Commerce Resources stands at the forefront of this critical minerals landscape, poised to contribute significantly to the supply chain essential for various high-tech applications. The positive developments at the Eldor property reaffirm the company's commitment to innovation and sustainability in the exploration and extraction of vital resources.