Largo Resources Ltd. (TSX VENTURE:LGO) reported that the company has negotiated a formal extension of the term during which it can purchase the 30% interest it does not already own at the Northern Dancer Tungsten-Moly deposit in the Yukon Territory.
Moly Mines Limited (TSX:MOL)(ASX:MOL) reported that the company has received notification from Hanlong Mining Investment Pty Ltd (Hanlong) that it plans to settle the US$200 million equity and debt investment in Moly Mines in the second half of April 2010.
Queensland Minerals Ltd. (TSX VENTURE:QML) provided this updated news release, as required by the policies of the TSX Venture Exchange (the “TSXV”), in respect of the proposed transaction that was first announced on February 23, 2010 pursuant to which the Company will acquire from Dundee Precious Metals the right, title and interest in mineral licenses related to the Surdulica molydenum project, the Tulare copper and gold project and the Karmanica gold project located in Serbia and all other associated assets and liabilities.
A busy week for molybdenum producers as multiple companies such as Quadra Mining and International PBX Ventures release statements about perusing new opportunities for moly.
International PBX Ventures Ltd. (TSX VENTURE:PBX) reported that the Phase II drill program has now begun on the Sulfato copper zone on its wholly-owned Copaquire copper-molybdenum-rhenium project in northern Chile.
Creston Moly Corp. (TSX VENTURE:CMS) reported the results of Holes EC10-71, 72 and 74 from its initial 5,000 metre drill program being completed at its El Creston molybdenum project located in Sonora, Mexico.
Duran Ventures Inc. (TSX VENTURE:DRV) reported that the company has entered into a mineral property option agreement with LeBoldus Capital Inc. (TSXV:LEB.P) whereby LeBoldus can acquire a 50% interest in Duran Ventures’ Corongo Project located in the Department of Ancash in the Republic of Peru.
Proactiveinvestors.com reported that Molybdenum prices to rise on market uncertainty:
After the Chinese agreed to fund two Molybdenum companies last week, Thompson Creek Minerals and Antofagasta PLC are looking for financing for new projects to capitalize on surging molybdenum prices.
Bard Ventures Ltd. (TSX VENTURE:CBS) and Beatrix Ventures Inc. (CNSX:BXV) reported that further to the news releases of Bard dated October 9, 2009 and March 9, 2010, the Plan of Arrangement, that resulted in the Opikeigen Gold Property and $250,000 cash being transferred from Bard to Beatrix, closed on March 15, 2010, the effective date of the Arrangement.
Get our independent commentary on moly trends and companies delivered to your inbox.
