by Greg Klein | March 1, 2017

Looking at the dual benefits of cutting costs and cutting emissions, Commerce Resources TSXV:CCE and TUGLIQ Energy have signed a memorandum of understanding to assess the potential for wind energy on the Ashram rare earths project. Announced February 28, the MOU follows TUGLIQs preliminary evaluation of local and regional wind data proximal to the northern Quebec deposit that Commerce is advancing towards pre-feasibility. Funding for the wind energy study comes partly from the provinces Ministre de lnergie et des Ressources naturelles.

TUGLIQ Energy provides wind-generated electricity for Glencores Raglan mine. (Photo: TUGLIQ Energy)

An independent power producer already active in northern Quebec, TUGLIQ operates a 3 MW wind turbine with energy storage that the company built in 2014 at Glencores Raglan mine. In the Northwest Territories, the Rio Tinto NYSE:RIO/Dominion Diamond TSX:DDC Diavik mine has been supplementing its diesel power with a four-turbine, 9.2 MW wind farm since 2012.

TUGLIQs Ashram study will consist of wind resource assessment, electrical system engineering and an integration study including assessment of greenhouse gas emission reductions.

We are excited to be collaborating with TUGLIQ and to have the support of the Quebec government on this renewable resource project, said Commerce president Chris Grove. We look forward to evaluating this potential in much further detail. The potential to incorporate cost-effective renewable energy into the Ashram project only makes it that much more attractive for development.

In mid-February the company closed a $1.71-million private placement that included $1 million from Ressources Qubec, a subsidiary of the provincial government corporation Investissement Qubec. The money will be used to complete Ashrams pilot plant and produce REE and fluorite concentrates for companies that requested samples. Among them are Solvay, Mitsubishi, Treibacher, BASF, DKK, Albemarle and Blue Line.

Having reached PEA in 2012, the high-grade, near-surface deposit features an impressive distribution of magnet feed elements and relatively simple metallurgy, suggesting a potentially low-cost operation.

Quebec maintains its respected position as a mining jurisdiction, according to a Fraser Institute study released February 28. Quebec ranks third in Canada and sixth globallyup from eighth spot last yearand is the only other Canadian jurisdiction [along with Saskatchewan and Manitoba] in the top 10 worldwide for overall investment attractiveness, the FI stated.

In another rare metals project, Commerce holds the Upper Fir tantalum-niobium deposit in southeastern British Columbia, which reached PEA in 2011 and a resource update in 2013.

Read more about Commerce Resources.

This article was posted by Greg Klein - Resource Clips on Wednesday, March 1st, 2017 at 10:43 am.

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Commerce Resources and TUGLIQ Energy ink MOU on wind power ... - Resource Clips