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Multi-Metal Development Ltd V.MLY

Alternate Symbol(s):  MLYCF

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.


TSXV:MLY - Post by User

Bullboard Posts
Post by raberon Jan 24, 2019 5:43pm
88 Views
Post# 29278307

Millennia ?

Millennia ?

the deal is still on fyi, apprently the deal is on forever untill millennia can afford a phone and call mly and say the deal is off !


If and when a total of US$200 million in private placement financing has raised for Poly, Millennia and its investment banking advisers are to facilitate the raising of additional capital of up to US$2 billion for CuMoCo (subject to regulatory approval) at reasonable commercial terms for the further development and the commercial feasibility and operational establishment of the two Idaho projects.

“We have been working continuously with Millennia and its investment bankers to negotiate this MOU with them and we look forward to their team’s visit to our properties next week when they commence their due diligence. We have been very impressed with Millennia in our dealings with them, and we believe that they are committed and able to help progress our projects as expeditiously as possible,” added Mr. Dykes.        


Bullboard Posts