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Bullboard - Stock Discussion Forum 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... see more

TSXV:MLY - Post Discussion

Multi-Metal Development Ltd > Moly Mine Ruling
View:
Post by babymines on Apr 12, 2023 4:42pm

Moly Mine Ruling

In the middle of the desert? What do you think they will rule in the middle of the forest? Sell why you can, after the halt of course.


U.S. District Judge Larry Hicks in Reno vacated the U.S. Bureau of Land Management's approval of Eureka Moly's planned molybdenum mine about 250 miles (402 kilometers) east of Reno in a case that dates to 2013 and made two trips to the 9th U.S. Circuit Court of Appeals.

Hicks cited the 9th Circuit's unprecedented ruling in an Arizona case last year that upended the government's long-held position that the 1872 Mining Law conveys the same rights established through a valid mining claim to adjacent land for the disposal of tailings and other waste.

That ruling blocked construction of a copper mine based on the conclusion those rights don't automatically apply to the neighboring national forest lands where the company planned to dump the waste rock.

Comment by raber on Apr 12, 2023 5:33pm
you say sell then you say buy make up your mind
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