Moly Investing News

Avanti Mining Receives and Will Oppose Nisga’a Nation Judicial Review Application

Pia Rivera — Tue, 21 May 2013 14:24:16 +0000

Avanti Kitsault Mine Ltd., subsidiary of Avanti Mining Inc. (TSXV:AVT), received notice of a Federal Court application by the Nisga'a Nation, challenging a decision by the Fisheries and Oceans Canada that certain waters in the area of the tailings impoundment facility as proposed for the Kitsault Mine are not "frequented by fish."

Woulfe Mining Provides Update

Pia Rivera — Tue, 21 May 2013 14:15:07 +0000

Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) announced updates on an extensive internal and external assessment of the Company and its subsidiaries, and the potential ability to advance its key Sangdong Tungsten Project.

Marengo’s PNG Copper-Moly-Gold Project Stalls on Power Supply Issues

Charlotte McLeod — Fri, 17 May 2013 17:27:39 +0000

Marengo Mining Ltd. (TSX:MRN,ASX:MMC) provided an update on its Papua New Guinea-based Yandera copper-molybdenum-gold project, commenting that before a final feasibility study can be prepared, the company needs to identify an alternative cost-competitive source of power for the project. That's because Marengo's preferred third-party power provider has backed out of the proposed arrangements for power supply.

General Moly Terminates Loan Agreement with Hanlong (USA) Mining

Charlotte McLeod — Wed, 15 May 2013 17:49:02 +0000

General Moly Inc. (TSX:GMO,AMEX:GMO) provided an update on its finances, noting that it has terminated its $125-million subordinated loan agreement with Hanlong (USA) Mining Investment Inc.; the loan was intended to help finance General's Mount Hope project and the termination was mutual.

Cache Uncovers Further Moly Mineralization in 2012 Drill Core

Charlotte McLeod — Mon, 13 May 2013 17:40:03 +0000

Cache Exploration Inc. (TSXV:CAY) announced that it received positive results from reassaying 2012 drill core for molybdenum. The company's new sampling shows that moly mineralization includes 3.23 meters from 20.7 to 23.93 meters containing 0.24-percent moly.

Amerigo’s Moly Production Up 19 Percent from Q1 2012

Charlotte McLeod — Fri, 10 May 2013 19:12:54 +0000

Amerigo Resources Ltd. (TSX:ARG) released its results for the first quarter of 2013, noting that it produced 258,301 pounds of molybdenum, a 19-percent increase compared to the year-ago quarter. Its copper production fell by 8 percent, to 12.8 million pounds.

American CuMo: One Step Closer to Low-cost Primary Molybdenum Production

Charlotte McLeod — Thu, 09 May 2013 11:00:51 +0000

On Tuesday, American CuMo released encouraging results from infill drilling at its CuMo project.

American CuMo Mining Announces Drill Results From CuMo Project

Pia Rivera — Tue, 07 May 2013 20:10:12 +0000

American CuMo Mining (TSXV:MLY,OTCQX:MLYCF) announced drill results from its 2012 diamond drilling program on its molybdenum/copper CuMo Project in Idaho. The reported results confirmed the established geological model, as well as the excellent grade continuity of the mineralized zones. As quoted in the press release: Highlights from the drilling include: Interior holes Hole 64-12 271.3 [...]

Molybdenum Price Averages $12.74 a Pound in 2012

Charlotte McLeod — Tue, 07 May 2013 18:09:46 +0000

Research in China's new report, Global and China Molybdenum Industry Report, 2012-2015, reveals that while the molybdenum market remained "in the doldrums" for the bulk of 2012, with output and consumption essentially equal, prices began to rise at the end of the year. The average price for the year was US$12.74 per pound, a 17.5-percent decline compared to 2011.

No Upside Potential for General Moly Until Financing Issues Resolved

Charlotte McLeod — Tue, 07 May 2013 17:54:37 +0000

iStockAnalyst reported that disruptions in the financing of General Moly Inc.'s (TSX:GMO) Mount Hope project have caused a correction in the company's share price. So far its shares are down 56 percent year-on-year.