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Company News

Boxxer Gold Completes Drilling at DOK Project

Boxxer Gold Corp. (TSXV:BXX) released an update on the second of two diamond drill holes completed recently at its British Columbia-based DOK copper-gold-molybdenum-silver project.

American CuMo Mining Announces Revised Note and Silver Purchase Financing, Non-Brokered Private Placement, Project Update

American CuMo Mining Announces Revised Note and Silver Purchase Financing, Non-Brokered Private Placement, Project Update

American CuMo Mining Corporation (TSXV:MLY,OTCQX:MLYCF) announced revised terms for its proposed US$25,000,000 financing. The financing involves the sale of up to 100 units of American CuMo's subsidiary, Idaho CuMo Mining Corporationt at a price of US$250,000 per Idaho CuMo Unit. Each unit will consist f a non-transferable promissory note in the principal amount of US$250,000 as well as a right to enter into a silver purchase and sale agreement with Idaho CuMo.

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Market News

Researchers Solve Moly Disulfide Issue

Phys.org reported that a team of researchers has found a way to avoid the problem of metals "forming high resistance" when placed on 2H phase molybdenum disulfide (MoS2).

Moly Oxide Prices Down on Soft Demand

Platts reported that molybdenum oxide prices fell yesterday on the back of soft demand. The news outlet notes that the Platts daily dealer oxide assessment dropped to $13.05 to $13.18 per pound from a range of $13.05 to $13.20.

Q1 2014 Brought 2-percent Drop in Global Moly Usage

Metal Powder Report said that according to the International Molybdenum Association, global molybdenum use was 2 percent lower in Q1 2014 than it was in the previous quarter; specifically, it came to 136.1 million pounds.

IMOA Reports Higher US Moly Usage in Q1

AMM.com reported that in the first quarter of 2014, molybdenum usage in the United States was 4.2 percent higher than it was in the last quarter of 2013.

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