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    Moly Mines Company Update

    Investing News Network
    May. 26, 2010 10:18AM PST
    Industrial Metals

    Moly Mines Limited (TSX:MOL)(ASX:MOL) provided the following update for the Spinifex Ridge Iron Ore Project and financing activities for the US$500 million Project Finance Loan Facility for the Spinifex Ridge Molybdenum Project.

    Moly Mines Limited (TSX:MOL)(ASX:MOL) provided the following update for the Spinifex Ridge Iron Ore Project and financing activities for the US$500 million Project Finance Loan Facility for the Spinifex Ridge Molybdenum Project.

    The press release is quoted as saying:

    Members of Hanlong Mining Investment Pty Ltd (“Hanlong”) and Moly Mines met last week with key executives of the Chinese financial institutions that are preparing to provide the Loan Facility for the Spinifex Ridge Molybdenum Project.

    Click here to access the entire press release

    Click here to access Moly Mines Limited Corporate Site

    asx:moltsx:mol
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