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Molybdenum Investing

American CuMo Purchases Significant Patented Claims for CuMo Project, Provides Update on Financing and Announces Upcoming Drill Programs

American CuMo Purchases Significant Patented Claims for CuMo Project, Provides Update on Financing and Announces Upcoming Drill Programs

American CuMo Mining Corporation (TSXV:MLY,OTCPINK:MLYCF) announces that its wholly-owned subsidiary, Idaho CuMo Mining Corporation (Idaho CuMo), has completed an option to purchase agreement for thirty-six (36) patented mining claims, covering an area of approximately 640 acres adjacent to the CuMo Project. Patented claims contain the surface rights as well as

American CuMo Mining Announces US$1 Million Instalment Payment

American CuMo Mining Announces US$1 Million Instalment Payment

American CuMo Mining Corporation (TSXV:MLY,OTCPINK:MLYCF), along with its subsidiaries Idaho CuMo Mining Corporation and Poly Resources LLC (“Poly”), is pleased to announce that a payment of US$1 million, representing the first instalment payment of the first private placement of US$10 million, as per the binding Memorandum of Understanding entered with

American CuMo acquires 20 claims next to CuMo project

American CuMo acquires 20 claims next to CuMo project

American CuMo Mining Corporation’s (TSXV:MLY,OTCPINK:MLYCF) wholly owned subsidiary, Idaho CuMo Mining Corp., has purchased from a group of local prospectors 20 unpatented mining claims, covering an area of approximately 400 acres, adjacent to the CuMo project. The consideration payable for the claims was a onetime payment of the issuance of

American CuMo Mining signs Binding Memorandum of Understanding for Strategic Financial Partnership

American CuMo Mining signs Binding Memorandum of Understanding for Strategic Financial Partnership

American CuMo Mining Corporation (TSXV:MLY,OTCPINK:MLYCF) is pleased to announce that it, together with its subsidiaries, Poly Resources LLC (“Poly”) and Idaho CuMo Mining Corporation (“Idaho CuMo”), has entered a strategic financial relationship with Millennia Minerals Pte Ltd. (Singapore) (“Millennia”) initially through a binding Memorandum of Understanding (the “MOU”) outlining the

Freeport McMoRan to Further Reduce Spending, Suspend Dividend

Freeport McMoRan (NYSE:FCX) is taking additional action in response to market conditions, including further reductions in copper and molybdenum production and revisions to its oil and gas spending plans. Overall, Freeport is increasing its production curtailments from 250 million pounds of copper and 20 million pounds of molybdenum to 350

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