According to S&P Global Marketing Intelligence, the global Covid 19 pandemic has placed a “spotlight on the value of environmental, social and governance (ESG) considerations in capital markets, accelerating demand for ESG investing and the opportunity to derive meaningful investment outcomes.”
At Zimtu Capital we’ve been adherents of ‘ESG’ and resource development even before the abbreviation was commonplace.
Consider the case of equity holding Commerce Resources Corp. TSXv: CCE.
In the fall of 2015, the company, which is developing the Ashram Rare Earth Element and Fluorspar Deposit in northern Quebec, was presented the e3 Plus Award, by the Association de l’exploration minière du Québec (AEMQ).
The e3 Plus Award recognizes the exploration company that best personifies responsible exploration as envisioned by the e3 Plus framework (https://www.pdac.ca/priorities/responsible-exploration/e3-plus), developed and launched by the Prospectors & Developers Association of Canada (PDAC) in 2009, and is highlighted by a high-level of environmental and social responsibility, as well as adherance to industry best practices.
At the time, Commerce Resources President Chris Grove remarked when presented with the e3 Plus Award, “We are honored to be presented with the e3 Plus Award in recognition of the Company’s corporate responsibility approach and track record. The Company would like to specifically thank Dahrouge Geological Consulting Ltd. as well as Roche Ltd. for their leading role in advancing the e3 Plus initiative throughout the ongoing Pre-feasibility Study for the Ashram Project. The Ashram Rare Earth Project is a unique and valuable asset, as much to the local communities as it is to the Company. We remain committed to developing the Ashram Project through to production in a socially and environmentally responsible manner following the principles and guidelines as provided for in the e3 Plus framework.”
Currently Commerce Resources continues to advance its metallurgical programs with Hazen Research in Colorado, which have been designed to both satisfy several key industry sample requests for high-grade rare earth concentrates, as well as obtain the remaining design criteria required to complete the Pre-feasibility Study for the Ashram Rare Earth and Fluorspar Project.
Commerce Resources Corp. is a junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is positioning to be one of the lowest cost rare earth producers globally, with a specific focus on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the global market. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favourable grade, and has demonstrated the production of high-grade (> 45% REO) mineral concentrates at high recovery (> 70%) in line with active global producers. In addition to being one of the largest rare earth deposits globally, Ashram is also one of the largest fluorspar deposits globally and has the potential to be a long-term supplier to the met-spar and acid-spar markets. For more information, please visit http://www.commerceresources.com or email firstname.lastname@example.org.