US Energy says Thompson Creek Terminates Option to Help Develop Colo. Molybdenum Deposit

Canadian Business reported that Thompson Creek (NYSE:TC) will not buy a stake in US Energy’s moly deposit in Colorado.

The market news is quoted as saying:

Thompson Creek said it has more immediate development priorities to focus on. U.S. Energy said that it is disappointed with Thompson Creek’s decision, but is committed to moving the project forward and will reach out to other potential partners.

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