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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Comment by JackCrosson Dec 04, 2020 7:22pm

241 Views

Post# 32042659

RE:RE:RE:RE:RE:American CuMo, Idaho CuMo to acquire Bleiberg

tennispro wrote: Explain this new deal! Very confusing . Anyone?

It looks like American CuMo Mining (MLY) and Idaho CuMo Mining Corp (hereinafter ICMC) reached a deal to purchase (jointly?) rights to a property in Austria and it's being funded by stock issuance by both companies.

Subjected to exchange approval.

It looks like conditions are that ICMC moves to public listing within a year, or MLY will continue with the purchase agreement on their own (via share issuance) with the vendor in Austria.

That's what I make of it.

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