Mercator Minerals Ltd MLKKF

Metals & Mining Industrial Metals & Minerals

Mercator Minerals, Ltd. is a mineral resource company engaged in the mining, exploration, development and operation of its mineral properties in Arizona, United States and Sonora, Mexico. The Company’s principal assets are the 100% owned Mineral Park Mine, a producing copper-moly mine located near Kingman, Arizona and the El Pilar Project located in Sonora Mexico. The primary focus of the Company is the expansion of copper production and molybdenum concentrate production at the Mineral Park Mine, and the development of the El Pilar Project. Its other projects include The El Creston molybdenum property, which is 175 kilometers south of the United States Border and 145 kilometers northeast of the city of Hermosillo; Molybrook, which is located on the south coast of Newfoundland, and Ajax, which is located 13 kilometers north of Alice Arm, British Columbia.

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Mercator Minerals Ltd

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Comment by 24~Karaton Feb 19, 2007 7:13pm

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Post# 12266582

RE: Looking forward to these developments

The Notes are subject to a call provision. After three years they may be redeemed at a price that is equal to USD$1,050 per Note, plus accrued and unpaid interest. So, that being the case, the most likely outcome of a court victory over Asarco regarding our Mission Mill will be to provide Mercator with the trump card in the future production of the Mission Mine. Rio Tinto, BHP & Xstrata are all interested in the Mission Mine. It might even be possible to envision some sort of joint venture stemming from the court’s legal re-instatement of the Mission Mill to its indisputable owner: Mercator Minerals, a company that paid the full asking price for an asset that otherwise went begging on the market. Once the courts repudiate Asarco’s bogus claim on this asset, then the fun begins.

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Southern Ontario mineral processing operation receives green fund support