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Tag: molybdenum oxide

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

Trading All But Halts for Molybdenum Oxide Market

Molybdenum oxide trading rolled to a stop on Tuesday with no transactions reported, according to Platts.

As quoted in the report:
The Platts daily dealer molybdenum oxide assessment spread narrowed to $8.10-$8.25/lb on Tuesday, based on market indications within that range, from $8.10-$8.40/lb on Friday.

There was no assessment on Monday, because of

American CuMo Files Amended Technical Report

American CuMo Files Amended Technical Report

American CuMo Mining Corporation (TSXV:MLY,OTCPINK:MLYCF) announced that it has filed an amended 43-101 technical report. The amended report has been filed to support an increase in resource estimates for the CuMo Project, as detailed in the Company’s news release dated August 18, 2015.

Moly Oxide Prices Down on Soft Demand

Platts reported that molybdenum oxide prices fell yesterday on the back of soft demand. The news outlet notes that the Platts daily dealer oxide assessment dropped to $13.05 to $13.18 per pound from a range of $13.05 to $13.20.

China’s SRB Buys Moly Oxide, Cobalt

Reuters reported that China’s State Reserve Bureau (SRB) has purchased nearly 3,000 tonnes of molybdenum oxide in a bid to “support struggling domestic producers squeezed by tight credit conditions.”

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