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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

Post by babymineson Mar 21, 2022 6:32pm
292 Views
Post# 34532843

The take away

The take awaySo the NR release stated Idaho Cumo is going to change the name. Why because they need create seperation from the Cumo name. The new board knows that previous management's history of bad decisions has handicapped new investment. The new board was designed to bring a fresh outlook to the resource. The private placements were purchased by the new board and familiy members, the NR revealed that they will continue to purchase the private placements. This is designed for the board to aquire the new corporation while distancing the Cumo name.  The design is to remove Cumo and start over. The new board is made up by industry insiders, they are placing a bet that through the use of there past experience they can bring credability. We all hope so.  
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