Stocks in play: Commerce Resources Corp.
Has entered into an exploration earn-in agreement with Saville Resources Inc. on the Eldor Niobium claims wholly owned by Commerce in Quebec. Under the exploration earn-in agreement, Saville has agreed to perform $5 million of work on the Eldor Niobium claims over a five-year period to earn a 75% interest in the claims. Commerce Resources will receive a cash payment of $25,000 upon signing, a cash payment of $225,000 following Exchange approval, and will receive a 2% Net Smelter Royalty (NSR) on production from some of the claims, with a 1% NSR buyback for $1 million, and a 1% NSR on the claims that are already subject to royalties. Commerce Resources Corp.