Moly Mines Denies Redomicile Rumors

Industrial Metals

Moly Mines Ltd. (TSX:MOL,ASX:MOL) confirmed that it does not intend to redomicile to Canada.

Moly Mines Ltd. (TSX:MOL,ASX:MOL) confirmed that it does not intend to redomicile to Canada.

As quoted in the press release:

The Company is currently evaluating its cost and management structure with a view to reducing overheadĀ costs and establishing a management structure which is more suitable to the Companyā€™s current position.Ā As part of this process, senior executive positions are under review. The review is expected to be finalisedĀ within the next week and an announcement will be made when a final decision has been reached.

Click here to read the fullĀ Moly Mines Ltd. (TSX:MOL,ASX:MOL) press release.

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