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 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 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 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
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
Molybdenum was 2015’s worst-performing commodity. Is the 2016 molybdenum outlook any better?
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.
American CuMo Mining Corporation (TSXV:MLY,OTCPINK:MLYCF) announced today that further to its news release on July 8, 2015 it has received an independent mineral resource estimate report for the company’s CuMo porphyry molybdenum-copper-silver deposit located in Idaho.
Platts reported that Japanese steelmakers are opting to use molybdenum oxide instead of ferromolybdenum due to the wide price spread between the two materials.
IEEE Spectrum reported that researchers at Rice University have found a way to manipulate molybdenum disulfide (MoS2) so that it can be used as an improved catalyst for fuel cells and also as an electrode for supercapacitors.
Platts reported that Asian buyers of molybdenum oxide are looking to buy the material for under $10 per pound. The news outlet’s daily moly oxide dealer price sat at $9.90 to $10 per pound on Tuesday.
Platts reported recently that some Japanese steelmakers are using more ferromolybdenum than molybdenum oxide in order to save on the production of chrome-moly steel for automotive applications.