Commerce Resources Corp Announces Management Changes to Boost Ashram Rare Earths Project
In a strategic move to enhance its development efforts, Commerce Resources Corp, a Canadian exploration and development company specializing in tantalum, niobium, and rare earth elements, has reshaped its management team. This decision comes as the company intensifies its focus on the Ashram Rare Earths Project located in Québec, Canada.
On July 10, 2025, Commerce Resources Corp announced key management appointments aimed at propelling the project forward. Joel Ives has been appointed as the Chief Financial Officer and Company Secretary, bringing with him a wealth of experience in finance and business advisory roles. His extensive background includes senior positions at various publicly listed companies, and he is a member of Chartered Accountants Australia and New Zealand. This appointment is expected to strengthen the company’s financial strategies and governance.
Additionally, Cindy Valence has been promoted to Vice President of Government Relations and Sustainability. Her new role will be crucial in navigating the regulatory landscape and ensuring sustainable practices as the project progresses.
The company also announced that Jody Bellefleur will step down from her position as Chief Financial Officer and Company Secretary, marking a significant transition in the company’s leadership.
Commerce Resources Corp, listed on the TSX Venture Exchange with a market capitalization of 15.9 million CAD, has seen its share price fluctuate over the past year, reaching a 52-week high of 0.17 CAD and a low of 0.05 CAD. As of July 8, 2025, the close price stood at 0.09 CAD. Despite a negative price-to-earnings ratio of -0.487355, the company remains focused on leveraging its expertise in the metals and mining sector to capitalize on the growing demand for rare earth elements.
These management changes signal Commerce Resources Corp’s commitment to advancing the Ashram Rare Earths Project, positioning the company to potentially unlock significant value in the rare earths market. As the project moves forward, stakeholders will be keenly watching the impact of these strategic appointments on the company’s development trajectory.