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Highlights
Commerce Resources Corp. (TSX:CCE) announces executive reshuffle to support development of Ashram Rare Earths Project in Québec
Joel Ives appointed as Chief Financial Officer and Company Secretary
Cindy Valence promoted to Vice President of Government Relations and Sustainability
Commerce Resources Corp. (TSX:CCE), listed on the Tsx Venture Composite Index, has announced significant leadership appointments as it intensifies efforts on the development of the Ashram Rare Earths Project located in Québec. The company operates in the mining and exploration sector, focusing on rare earth elements essential to various industrial and technological applications.
Appointment of New Chief Financial Officer
Joel Ives has been appointed as Chief Financial Officer and Company Secretary. With extensive experience in finance and business advisory roles across various publicly listed companies, Ives brings a strong background in financial strategy and corporate governance. He is a member of Chartered Accountants Australia and New Zealand and is expected to contribute to the strategic financial direction of Commerce Resources.
Transition in Financial Leadership
The company also confirmed that Jody Bellefleur will step down from her current roles as Chief Financial Officer and Company Secretary. CEO Nicholas Holthouse acknowledged Bellefleur’s efforts and her role in advancing the company’s flagship project, expressing appreciation for her years of service.
Promotion in Sustainability and Government Relations
Cindy Valence has been promoted to the role of Vice President of Government Relations and Sustainability. Valence previously served as General Manager of Sustainability and brings more than two decades of experience in management and sustainable development practices. Based in Québec, her expertise in energy transition policies, along with strong connections with governmental bodies and First Nations, aligns with Commerce’s focus on sustainable growth and community engagement.
Continued Development of the Ashram Project
The Ashram Rare Earths Project remains a central asset for Commerce Resources Corp., with the recent management changes aimed at streamlining the development and regulatory processes. The company's ongoing focus is on advancing the project while reinforcing its commitments to environmental and social governance standards.
Strategic Direction Moving Forward
By aligning its leadership structure with project needs, Commerce Resources aims to optimize operations and stakeholder relations within Québec’s evolving resource sector. The company continues to maintain its presence on the Tsx Venture Composite Index, reflecting its focus on project development and market positioning within the rare earth elements segment.
