Moly Company News Directory

American CuMo Mining: US Forest Service Supplemental Environmental Assessment Checks Another Box for CuMo Project

American CuMo (TSXV:MLY) reported that the US Forest Service (USFS) has released its draft supplemental decision notice and finding of no significant impact and supplemental environmental assessment regarding the CuMo Exploration project. This reconfirms a 2011 decision from the forest service and paves the way for completion of the exploration phase of the company's Idaho asset.

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.

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.

Adex Completes Rights Offering, Issues Additional Common Shares

Adex Mining Inc. (TSXV:ADE) announced the completion of its $5 million rights offering to acquire common shares, which ended February 4, 2015 at 4:00 p.m. EST. The number of subscriptions the company received was in excess of the available common shares, which led the company to issue 500,000,000 new common shares at a price of $0.01 each, to raise aggregate gross proceeds of $5 million.