by Greg Klein | November 3, 2014
A firm with extensive overseas connections and experience will help Commerce Resources TSXV:CCE seek opportunities for its Canadian rare earth elements and tantalum-niobium deposits. On November 3 Commerce announced that Deloitte Global Metals & Mining Advisory Group will be “identifying and evaluating processing partnerships, financing joint ventures and/or offtake opportunities.”
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.—Commerce Resources
president Chris Grove
The Commerce Ashram rare earths deposit in Quebec and Upper Fir tantalum-niobium deposit in British Columbia have both produced positive preliminary economic assessments. Backed by a recently over-subscribed $5-million private placement, Commerce has metallurgical studies progressing for Ashram.
The Deloitte group includes over 3,000 M&A advisory professionals, making it one of the world’s largest M&A practices. “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,” Commerce stated.
“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,” added Commerce president Chris Grove.
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