Creston Moly (CVE:CMS) annouced today that the company has entered into a Letter Agreement to merge with Tenajon Resources (CVE:TJS). Creston Moly will acquire the shares of Tenajon by issuing 0.84 Creston shares for each Tenajon share.
Creston Moly Corp. announced that it has completed a pre-feasibility study that attaches a capital cost of between US$511.6 million and US$576.2 million to development of its Creston project in Sonora. For full story, click here
Creston Moly Corp. reported that it has filed on Sedar a 43-101 compliant titled “NI 43-101 Technical Report, Creston Project, Pre-Feasibility Study, Sonora, Mexico, Volume 1. For full story, click here
Creston Moly Corporation reported that it has received a pre feasibility study on its wholly owned Creston Molybdenum Deposit Project located in Sonora. For more information, click here
When economic growth resumes, there will be a critical shortage of strategic metals. The rapid collapse in metal’s prices has forced many miners to mothball operations; when demand for these metals resumes, there will be a lag time for production online. This means that as quickly as prices collapsed, we can expect an upswing with more impetus.
Vancouver-based Creston Moly has finished a prefeasibility study on its flagship Creston project, in Sonora, Mexico and will go ahead with a bankable feasibility study in a measured and cash conservative manner. For full story, click here
Creston Moly Corp. (CMS) is a Tier 1 TSX-V listed company actively developing its 100% owned Creston Molybdenum Deposit in Mexico's mining friendly state of Sonora.
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
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