Adanac CEO resigns

Canadian molybdenum hopeful Adanac Molybdenum has appointed director Paul Nelson as president and CEO, effective October 1, the company announced on Tuesday. He replaces Christopher Kirby, who has resigned “to pursue a new career opportunity”.

Adanac reports resource increase, permitting progress at Ruby Creek

Canadian molybdenum hopeful Adanac Molybdenum has updated the mineral resource estimate for its Ruby Creek deposit, in British Columbia, increasing the measured and indicated resources to 407-million pounds of contained molybdenum. Investors...

Adanac receives extension to creditor protection

Cash-strapped Adanac Molybdenum has been granted an extension to a stay period under the Companies' Creditors Arrangement Act, until April 2, the company announced on Monday. On December 19, Adanac was granted CCAA protection for an initial...

Adanac gets encouraging news on permitting for BC moly project

The Canadian government has told Adanac Molybdenum that its Ruby Creek project, in northern British Columbia, will now be evaluated for a mining permit by means of a screening-level assessment, rather than through a comprehensive study, which...

Adanac receives key permit for BC molybdenum mine

Vancouver-based Adanac Molybdenum has been granted a provincial Mines Act Permit for its Ruby Creek molybdenum project, near Atlin in British Columbia, the firm reported on Friday. The permit will allow the company to start site preparation,...

Adanac closes bridge financing

Vancouver-based Adanac Molybdenum has closed a bridge-financing private placement of warrants to raise $68,5-million, with the option of increasing to $80-million at any time before May 30.

Adanac confident of funds to build BC moly mine

Vancouver-based Adanac Molybdenum plans to raise a total of $750-million in debt and equity this year, to fund its Ruby Creek project, in British Columbia, the firm said on Wednesday. The company announced it had secured an offer for $80-million...

Adanac slows construction of Ruby Creek moly project

TSX-listed Adanac Molybdenum has taken a decision to slow down construction activities at its flagship Ruby Creek molybdenum project, the firm said on Monday.

Molybdenum hopeful gets go ahead for BC mine preconstruction

TSX-listed Adanac Molybdenum has received a permit approving preconstruction work at its flagship Ruby Creek project, in British Columbia, Canada, the firm said on Monday.