Molybdenum – Not your average metal
When investors first turn to metals to diversify their portfolio, they usually stick to the classic metals- silver, gold, and copper. The exotic metals- molybdenum, uranium, and tungsten are a rare first approach.
Archive for August, 2008
Torch River reports drill results at Red Bird
Torch River Resources Ltd reports results on a second diamond bit drill hole in its 2008 program on its Red Bird property, British Columbia, Canada. Torch is very encouraged by the results of this second hole in its 2008 program and will report further results as they become available. Further holes are planned in the program [...]
Hi Ho released initial resource estimate for Carmi property
Hi Ho Silver Resources released NI 43-101 compliant resource estimate for the Carmi Molybdenum property. Fred Fisher, President/ CEO of Hi Ho Silver stated: We are extremely excited to receive this preliminary resource estimate which we will use a guide for further exploration development and expansion of the property. We believe that the excellent logistics [...]
Town meeting to discuss molybdenum project
The residents of Illoqqortoormiit, Greenland will meet on !8th August to discuss the molybdenum mine that could be started in the area. For more information, click here
Drilling Intersects New Molybdenum Zone
Roca Mines Inc. (ROK: TSX-V) reported that a possible new molybdenum zone has been found near the recently completed Adit #2 at the MAX Molybdenum Mine. For more information, click here For Roca Mines’ website, click here
Woulfe Mining: Exploration and Development of World-class Mines in South Korea
Woulfe Mining is a Canadian-based exploration and mine development company, with a diverse portfolio of precious and base metals projects in South Korea.
Moly prices seen over USD 40 per pound in 2009
Mr Jonathan George, CEO of Creston, said: Molybdenum is trading at around USD 33.85 per pound but we see it moving up into the USD 40 per pound range in 2009 because there is a stranglehold on molybdenum supply. For full story, click here
Ruby Creek Project’s Building Fabrication contract awarded
Adanac Molybdenum Corp. reported that it has awarded the fabrication of the Ruby Creek Project to Supreme Steel Ltd. of Edmonton, at a total cost of approximately $26 million. For more information, click here
Dart Mining to search Molybdenum near Corryong, Australia
Dart Mining has started drilling for Molybdenum near Corryong. For more information, click here
Molybdenum bucks trend,holds its own amid market turmoil
Molybdenum has been on a positive trend this year, with shrinking supply, and growth in applications extending support. With a deficit of moly expected over the next few years, exploration activities are on a fast track. If you look at the three month trend on moly, the metal has been quite stable.
