Thompson Creek Seeking More Financing as Molybdenum Market Weakens

Financial Post reported that Thompson Creek Metals (NYSE:TC) is looking for additional funding for two British Columbia-based projects.

As quoted in the market news:

The company indicated on Tuesday that it sees a potential funding shortfall of US$100million to US$300-million over the next two years, according to RBC Capital Markets analyst Fraser Phillips. The exact size of the shortfall depends on molybdenum prices.

Click here to read the full Financial Post report.