Commerce Resources Corp. has closed two private placements to raise funds for exploration of its tantalum, niobium, and rare earth element projects. It closed a brokered placement of 6,438,890 flow-through units at $0.18 per unit for $1,159,000, and a non-brokered placement of 7,336,664 flow-through units at the same price for $1,320,599.70. The funds will support work on the company's Blue River and Eldor projects in British Columbia and Quebec. Commerce Resources focuses on developing tantalum, niobium, and rare earth deposits with potential for economic grades and large tonnages.