CMRZF - Make Acid Grade Again: Fluorspar - The Sweet Spot for Quebec's Steel and Aluminium Industries
Close-up of arguably the most underrated industrial mineral: Fluorite aka Fluorspar
ZURICH, SWITZERLAND / ACCESSWIRE / November 26, 2019 / Today, Saville Resources Inc. (TSX.V:SRE)(Frankfurt:S0J) highlighted the fluorspar potential of its niobium project, optioned from its neighbor Commerce Resources Corp. (TSX.V:CCE)(OTCPK:CMRZF)(Frankfurt:D7H), which is busy developing its Ashram REE (Rare Earth Element) Project in Québec, Canada, following the recent closing of a +$2.5 million CAD financing.
Ashram is not only one of the world‘s largest REE deposits but is also one of the largest fluorspar (CaF2) deposits globally with defined mineral resources. Therefore, the Ashram Deposit is not only an advanced-stage REE deposit, which remains the primary commodity of interest, it is also an advanced-stage fluorspar deposit. Historical drilling on Saville‘s adjacent property has intersected long intervals of high-grade fluorite.
Fluorite is the industrial mineral known as fluorspar, from which the two primary commercial grades are produced and traded globally: Metallurgical grade fluorspar ("met-spar"; 60-97% CaF2) and acid-grade ("acid-spar"; +97% CaF2), which normally sells at a premium. While met-spar is primarily used in steel production, acid-spar is used in aluminium production, amongst many other industries.
Québec is the world‘s second largest aluminium exporter (+80% goes to the US), and also a major steel producer with large iron ore mines located near-by at the Labrador Trough. With Commerce‘s and Saville‘s properties also located in Québec‘s Labrador Trough, a reliable long-term fluorspar source would be all the more welcome to the province‘s aluminium and steel industries. The world‘s biggest fluorspar producer, China, has recently become a net importer, causing significant price increases and end-users looking for new sources.
The full report can be accessed with the following links:
English (web version):
English (PDF):
https://www.rockstone-research.com/images/PDF/Commerce31en.pdf
https://www.rockstone-research.com/images/PDF/Saville10en.pdf
German (PDF):
https://www.rockstone-research.com/images/PDF/Saville10de.pdf
https://www.rockstone-research.com/images/PDF/Commerce31de.pdf
German (web version):
Disclaimer: This report contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Rockstone Research, Saville Resources Inc., Commerce Resources Corp. and Zimtu Capital Corp. caution investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Saville Resources Inc.´s and Commerce Resources Corp.´s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through their respective profiles on SEDAR at www.sedar.com. Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist. The author, Stephan Bogner, holds a long position in Saville Resources Inc., Commerce Resources Corp. and Zimtu Capital Corp., and is being paid by Zimtu Capital Corp., which company also holds a long position in Saville Resources Inc. and Commerce Resources Corp. Note that Saville Resources Inc. and Commerce Resources Corp. pay Zimtu Capital Corp. to provide this report and other investor awareness services. Also, Zimtu Capital Corp. is an insider and control block of Saville Resources Inc. by virtue of owning more than 20% of Saville Resources Inc.'s outstanding stock.
SOURCE: Rockstone Research
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https://www.accesswire.com/568127/Make-Acid-Grade-Again-Fluorspar--The-Sweet-Spot-for-Quebecs-Steel-and-Aluminium-Industries