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Company News

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).

Erdene Offers Tian Poh Resources Interest in Zuum Mod Project for Cash and Equity

Erdene Resource Development Corp. (TSX:ERD) announced it has given Tian Poh Resources Limited (ASX:TPO) the option to purchase interest in Erdene's Zuun Mod molybdenum-copper project in Mongolia. The agreement would grant Tian Poh a period of exclusivity to acquire and retain a 51 percent interest in the project for US $4.8 million in cash and equity and by meeting work commitments.

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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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