Creston Moly has planned to surge $3Mln through Offering
Creston Moly Corp. has planned to raise $3 million through the offering of shares and purchase warrants in a non-brokered private placement. For full story, click here
Articles Tagged "shares"
Taseko Mines reported closure of public offering
Taseko Mines Limited declared that it has closed the previously announced bought deal short form prospectus offering of 13,793,104 common shares at a price of $1.45 per common share with a syndicate of underwriters. For full story, click here
Hi Ho Silver – Focused on Moly & Silver Exploration
In true Western entrepreneurial spirit, Hi Ho Silver’s experienced managerial team is dedicated to establishing strategic relationships with industry leaders. Minimizing risk, while maximizing opportunities for success will provide investors with astable platform for investment in the mineral exploration field.
MAX Resource Corp – Moly, Gold and Uranium
MAX Resource Corp. is a Canadian based exploration company with a diversified portfolio of mineral exploration projects in Canada and the Western United States. Our properties include “Molybdenum” in Alaska and Nevada, “Gold” in Alaska, Nevada and British Columbia and “Uranium” in New Mexico, Arizona and northern Canada.
Stimulus spending could bridge the gap in molybdenum prices
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.
Weiss Capital buys shares of Sprott Molybdenum
Weiss Capital LLC has acquired ownership and control of 6,901,500 common shares of Sprott Molybdenum Participation Corp, representing approximately 17.5% of the presently issued and outstanding common shares of the company. For full story, click here
Molybdenum’s decline leaves few strong contenders
Molybdenum prices have crashed from a high of $35 per pound at the end of October down to the recent level oft US $12 per pound. This represents the worst decline when it comes to commodity prices; a 53 percent drop to be exact.
Sign of the times, molybdenum ETF liquidates
In April 2007, when the Sprott molybdenum fund was created, the minor metal was on a fast track. When the fund was created the metal was trading consistently at US $25 per lb; after the ETF was up and running moly cruised to US $ 40 per lb.
China halts molybdenum spot trading
The first week of 2009 was a sleepy one for molybdenum with thin trading volume as many customers remained on holidays. Activity in China was by far the slowest, with Chinese molybdenum oxide and ferromolybdenum producers halting spot molybdenum offers to overseas customers.
New pipelines will spell success for moly
Slower Chinese buying impacted Ferro-molybdenum prices between last Wednesday and Friday; however, the US’s proposed $136 Billion infrastructure spending plan capped the downside. Western-grade Ferro-molybdenum fell to $24.50-26.50 per kg from $26-28 per kg previously, with the bulk of material sold towards the low end of the range.
