Investment holding company Sprott Molybdenum Participation Corp. declared that it gave C$1.76 and a new common share for each share held to stockholders as per a planned distribution of assets and revamped its board. For full story, click here
Creston Moly Corp. declared that it will convene a Special Meeting of Shareholders to vote on the business combination with Tenajon Resources Corp., more particularly described in news releases issued by Creston on May 27, 2009 and June 29, 2009. For full story, click here
Recent surge in the number of oil rigs in use around the world should have positive implications for molybdenum demand in the near term. For full story, click here
Any surge in the number of crude oil and natural gas drilling rigs in use around the world should increase molybdenum demand in the near term. For full story, click here
Molybdenum prices in the United States have shot up by a dollar or so in the past week as purchasers and sellers gripe about how difficult it is to get their hands on replacement material. For full story, click here
Creston Moly Corp. has planned to raise $3 million through the offering of shares and purchase warrants in a non-brokered private placement. For full story, click here
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