MDN Releases 2012 Financial Results

MDN Inc (TSX:MDN) announced its financial report for the year ended December 31,2012 which showed positive developments for the Crevier project because of higher tantalum prices and demand.

As quoted in the press release:

Based on the results of metallurgical testing done in 2012, the Company plans to modify the base scenario of the 2010 preliminary economic assessment to maximize the economic parameters.

In 2013, the Company will continue to seek strategic and financial partner. Funding for the Crevier project development will no longer be provided by MDN equity financings, as future development will be funded through Crevier Minerals Inc., a private company in which MDN holds a 72.5% interest.

Click here to read the full MDN Inc (TSX:MDN) press release.