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American CuMo Mining Reports Appointment of New Directors and Officers

American CuMo Mining Reports Appointment of New Directors and Officers

American CuMo Mining Corporation (TSXV:MLY,OTCQX:MLYCF) announced that Thomas Conway was elected as an additional director of American CuMo at the shareholder-requisitioned general meeting of shareholders held yesterday. Proposals to remove Hongxue Fu and Yiming Xie as directors of American CuMo did not pass.

American CuMo Mining Reports IEMR Hong Kong Litigation Developments

American CuMo Mining Reports IEMR Hong Kong Litigation Developments

American CuMo Mining Corporation (TSXV:MLY,OTCQX:MLYCF) has been served with a notice of civil claim filed by International Energy & Mineral Resources Investment (Hong Kong) Company Limited, further to its news release of June 30, 2014. The company also filed a lawsuit against American CuMo and Shaun Dykes on June 17, 2014.

American CuMo Successful at Lawsuit Hearing

American CuMo Successful at Lawsuit Hearing

American CuMo Mining Corporation (TSXV:MLY,OTCQX:MLYCF) together with chief operating officer Shaun Dykes announced on Friday that Thursday afternoon, the Supreme Court of British Columbia ordered a lawsuit stayed which was brought against American Cumo and Mr. Dykes by IEMR Hong Kong on June 17, 2014. On Thursday, IEMR(HK) published a news release which stated that the lawsuit was "ongoing", even though the lawsuit was stayed by the Court. IEMR(HK) first attempted to delay Mr. Dykes' application on Thursday through a preliminary request to adjourn it for some unspecified period of time. However, the Supreme Court dismissed IEMR(HK)'s application for a delay.

American CuMo Reminds Shareholders to Vote Their Blue Proxies By Thursday

American CuMo Reminds Shareholders to Vote Their Blue Proxies By Thursday

American CuMo Mining Corporation (TSXV:MLY,OTCQX:MLYCF) has issued a reminder to all shareholders who have not yet voted to vote the BLUE proxy that they must do so no later than July 17, 2 pm PT. A special meeting of CuMoCo's shareholders is being called in order to consider the approval of special resolutions which would remove Hongxue Fu and Yi Ming Xie as directors of American CuMo.

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Market News

China’s SRB Plans First Moly Oxide Purchase

Metal Bulletin reported that China's State Reserve Bureau (SRB) will meet tomorrow with four major local molybdenum producers to discuss its plans to buy molybdenum oxide for the first time.

Japanese Steelmakers Saving Money by Using Ferromoly

Platts reported recently that some Japanese steelmakers are using more ferromolybdenum than molybdenum oxide in order to save on the production of chrome-moly steel for automotive applications.

Chinese Traders Suspend Spot Moly Oxide Offers

Platts reported that today some Chinese traders suspended offers for spot molybdenum oxide in Asia following a low deal. They are waiting for signs of improvement.

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