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 has been on a positive trend this year, with shrinking supply, and growth in applications extending support. With a deficit of moly expected over the next few years, exploration activities are on a fast track. If you look at the three month trend on moly, the metal has been quite stable.
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