Fundamental Research Report Now Available – American Cumo Shows Promising Results from Preliminary Ore-Sorting Tests

A recent report from Fundamental Research Corp. highlighted American CuMo Mining Corporation (TSXV:MLY,OTCPINK:MLYCF) CuMo deposit, a molybdenum-copper deposit located 60 km northeast of Boise, Idaho.
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Highlights from the report include:

• American CuMo Mining Corporation (“MLY”, “company”) is currently evaluating the viability of applying ore-sorting techniques to its CuMo Project. Ore-sorting has significant potential to reduce the overall capital and operating costs of the project.
• Management is optimistic the results will potentially slash the initial CAPEX budget by US$800 to US$1 billion and that these and further optimizations could reduce potential cash operating costs per pound molybdenum to under US$1 per pound.
• On January 12, 2016, the company announced highly positive results from preliminary ore-sorting tests conducted at the University of British Columbia.
• The tests indicate that the company can mine large tonnages of approximately 150,000 to 250,000 tons per day, while processing much smaller tonnages of approximately 50,000 to 100,000 tons per day to recover the majority of the valuable contents.
• Management’s objective is to sort the ore and have 25% to 50% of the material recover 85% to 95% of the metals’ value.
• Several catalysts for the company’s shares are expected in the next six months as results of the ongoing ore-sorting tests and other optimizations are released.
• An updated Preliminary Economic Assessment (“PEA”) was filed in November 2015. MLY management is budgeting $100 million over the next three years to complete a Feasibility Study.
• In November 2015, the company raised $0.41 million through a non-brokered private placement by issuing 5.16 million units at a unit price of $0.08.