Multi-Metal Development Ltd V.MLY

Alternate Symbol(s): MLYCF

Metals & Mining Industrial Metals & Minerals

Multi-Metal Development Ltd is a Canadian mineral exploration and development company with mineral rights interests in the United States of America and Austria. The Company operates in two geographical areas, being Canada and the United States. The Company’s flagship project is the CuMo molybdenum project (the CuMo Project), located in Idaho, in the United States. The CuMo Project has two distinct layers of diversification: the upper half contains higher grades of silver and copper compared to molybdenum and the lower half is rich in molybdenum, with lower grades of silver and copper. The CuMo deposit is located at the south-western end of the Idaho-Montana Porphyry Belt within the Atlanta Lobe of the Idaho Batholith. Its Bleiberg Zinc-Germanium-Lead-Fluorite-Cadmium Mine Complex consists of 116 exploration licenses totaling 6,582.4 hectares, located approximately 130 kilometers south of the city of Salzburg, Austria.

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Multi-Metal Development Ltd

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Post by babymineson Nov 01, 2018 2:34pm

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Post# 28909659

released from filings 10-29-2018

Company has incurred cumulative losses of $55,353,377 (June 30, 2017: $53,412,786) and as at June 30, 2018 had a working capital deficiency of $5,568,843 (June 30, 2017: working capital deficiency of $4,604,186), which may cast significant doubt regarding CuMoCos ability to continue as a going concern.

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