International PBX Ventures Ltd. (CVE:PBX) reports that the company will raise $2,500,000 by way of a non-brokered private placement of ten million units at a price of $0.25 per unit, subject to TSX Venture Exchange approval.
Virgin Metals Inc. (CVE:VGM) reports that the company has closed its previously announced non-brokered private placement of up to 3,057,004 units.
International PBX Ventures Ltd. (CVE:PBX) reports that the company has begun preparations for Phase II drilling on its 100% owned Copaquire copper molybdenum project in Chile.
Quadra FNX Mining Ltd. (TSE:QUX) reports that the company has exercised its right to maintain its interest in Far West Mining Ltd. The company has also chosen to participate in a private placement of Units of Far West.
Molybdenum exploration in Canada is heating up along with demand for the metal. Miners are looking to take advantage of China's appetite for steel, for which moly is a vital ingredient. This article is a guide to some of the promising molybdenum projects underway in Canada.
Molybdenum is obtained from two different types of mines: primary mines and by-product mines. By-product mines are most commonly referred to as Copper-Molybdenum ore bodies, while ‘primary’ mines focus solely on molybdenum production.
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