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Company News

American CuMo Mining Announces Results From AGM

American CuMo Mining Announces Results From AGM

American CuMo Mining Corporation (TSXV:MLY,OTC:MLYCF) shareholders re-elected the following Board of Directors at the Company's annual and special general meeting: Shaun Dykes, John Moeller, Joseph Baird, Thomas Conway and Trevor Burns. Shareholders also approved an ordinary resolution rolling 10% incentive stock option plan for the next year.

Alloycorp Grants Stock Options

Alloycorp Mining Inc. (TSXV:AVT) announced its has granted 500,000 incentive stock options at an exercise price of C$0.05 per share to an officer of the company.

Adanac Molybdenum Looking at Options for Ruby Creek Project

Adanac Molybdenum Corp. (TSXV:AUA) announced that it has retained KPMG Corporate Finance Inc. to help it look at strategic options regarding its business, particularly with regard to its Ruby Creek project.

Starcore International Closes Acquisition of Creston Moly

Starcore International Mines Ltd. (TSX:SAM) announced that it has acquired all the shares of Creston Moly Corp. from Deloitte Restructuring Inc., which is a trustee in the bankruptcy of Mercator Minerals Ltd. (TSX:ML).

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Market News

Time May be Right to Invest in Molybdenum

Wall Street Daily reported that the price of molybdenum may be close to hitting bottom, meaning that the metal may present an opportunity for investors.

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