American Cumo Mining Corporation (V:MLY)

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following two offers if you want an ad-free experience.

Canadian Insider Club
$229/ year*
Daily Morning INK newsletter
+1 year archive
Canadian Market INK weekly newsletter
+1 year archive
3 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
30-day money back guarantee*
JOIN THE CLUB
Canadian Insider Ad-Free
$49/ year*
All benefits of basic registration
No 3rd party display ads
30-day money back guarantee*
GO AD-FREE

* Price is subject to applicable taxes. Money back guarantee: For bona fide Ad-Free or Canadian Insider Club subscribers, if you cancel with-in 30 days of first subscribing, we will refund your payment upon request. After cancelling, using the same email that is associated with your account, request a refund via our Contact Us form at the bottom of the page. We will only consider one refund request per household or organization. We cannot accommodate refund requests where an account holder has not provided verifiable address and billing information.

Business Focus: Integrated Mining

Log in or sign up for a free account to add this stock to your watch list.
Nov 06, 2018 12:25 ET
American CuMo Mining Discusses Cease Trade Order
Vancouver, British Columbia--(Newsfile Corp. - November 6, 2018) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") was issued a Cease Trade Order (the "Cease Trade Order") by the British Columbia Securities Commission (the "Commission") on Friday, November 2, 2018, pursuant to which trading of the Company's securities may not occur until: (1) the Company files a technical report to support the Company's earlier disclosure made in its April 10, 2018 news release with respect to the results of an updated preliminary economic assessment (the "Updated PEA") on the CuMo copper-molybdenum project in Idaho, USA (the "CuMo Project"); and (2) the Executive Director of the Commission has revoked the Cease Trade Order.
Nov 05, 2018 07:08 ET
IIROC Trading Halt - MLY
VANCOUVER, Nov. 5, 2018 /CNW/ - The following issues have been halted by IIROC:
Oct 29, 2018 17:02 ET
American CuMo Mining Engages Major Engineering Firm to Optimize CuMo Project
Vancouver, British Columbia--(Newsfile Corp. - October 29, 2018) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") is pleased to announce that SRK Consulting of Vancouver has been engaged to provide a new update to the mining, tailings, and project economics sections of a Preliminary Economic Assessment (PEA) study for the CuMo copper-molybdenum project in Idaho, USA, and to generate an NI 43-101 technical report for public release.
Oct 02, 2018 17:18 ET
American CuMo Mining Announces British Columbia Securities Commission Technical Disclosure Review
Vancouver, British Columbia--(Newsfile Corp. - October 2, 2018) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company")  reports that as a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify its disclosure.
Aug 16, 2018 12:10 ET
American CuMo Mining Updates Shareholders
Vancouver, British Columbia--(Newsfile Corp. - August 16, 2018) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") announces that it is closing the first tranche of a non-brokered private placement (the "Private Placement") of Units (the "Units"). The Company intends to raise up to two million dollars through the sale of up to 20 million Units at a price of $0.10 per Unit. Each Unit consists of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant") exercisable to purchase an additional common share of the Company (a "Warrant Share") at a price of $0.15 per Warrant Share for a period of two years from the date of issue, subject to an acceleration provision whereby the term of the Warrants may be accelerated if the Company's common shares trade at or above a price of $0.175 per share for a period of 10 consecutive trading days. In such case, the Company may give notice to the holders of Warrants that the Warrants will expire 20 days from the date of providing such notice. The Private Placement is subject to TSX Venture Exchange ("TSXV") approval. In connection with the Private Placement and in accordance with TSXV policy, the Company may pay to certain eligible finders, a finder's fee for Units sold in the Private Placement.
Jul 10, 2018 08:47 ET
American CuMo Mining Engages Oberon Securities, LLC for Investment Banking Services
Oberon Securities is a New York-based boutique investment bank that addresses the financial needs of small and midsize companies across a broad range of industries. Founded in 2001 by senior professionals who have extensive Wall Street experience in investment banking, venture capital and research, Oberon provides customized financial solutions to small and midsize companies who are seeking assistance with their M&A and financing needs. See Oberon Securities website at http://oberonsecurities.com.
Jun 09, 2018 14:34 ET
CORRECTION FROM SOURCE: American CuMo Announces British Columbia Securities Commission Technical Disclosure Review Replaces June 8, 2018 News Release Which Has Been Retracted
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2018) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") announces as a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure in our filing of a 43-101 technical report dated May 29, 2018 (the Report). The Report was filed to support the evaluation of the effects of Ore-Sorting technology on the Preliminary Economics of the CuMo Project as detailed in a news release dated May 30, 2018. The Report produces several sections and values from previously filed reports which the Company continued to disclose.
Jun 08, 2018 18:00 ET
American CuMo Announces British Columbia Securities Commission Technical Disclosure Review
Vancouver, British Columbia--(Newsfile Corp. - June 8, 2018) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") announces that because of a review by the British Columbia Securities Commission ("BCSC"), the Company is issuing this news release to clarify its filing of a 43-101 technical report dated May 29, 2018 (the Report). The Report was filed to support the evaluation of the effects of Ore-Sorting technology on the Preliminary Economics of the CuMo Project as detailed in a news release dated May 30, 2018. The Report produces several sections and values from previously filed reports which the Company continued to disclose. The BCSC has asked the authors to clarify and validate that these sections are still valid and current and requested that the original author of the 2015 Resource Calculation be added as an author to this Report. In addition, as the CuMo Project is now classified as an advanced project, additional headings are required to be added to the Report.
Jun 05, 2018 08:47 ET
American CuMo Announces Positive Results From Shareholders Meeting and Re-election of Directors and Officers
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2018) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") is pleased to announce that at the Company's Annual General Meeting held May 30th all resolutions were passed and approved by shareholders. The following individuals were re-elected as Directors of CuMoCo: Shaun M. Dykes, Joseph Baird, Dr. John Moeller, Thomas Conway, and Trevor Burns.
May 30, 2018 08:47 ET
American CuMo Mining Files Technical Report
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2018) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") announces it has filed a 43-101 technical report on an independent updated Preliminary Economic Analysis (PEA) of the Company's 100% owned Copper-Molybdenum-Silver deposit located in Boise County, Idaho. The report focuses on demonstrating the positive economic effects that Mineral Sorting has on the CuMo Project and provides an updated economic analysis at current and a variety of other metal prices.
Apr 25, 2018 11:09 ET
American CuMo Mining Updates Shareholders
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2018) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") announces that it has completed its analysis of the current status of the CuMo Project and based on the results of the recently announced updated Preliminary Economic Analysis has outlined a drill program for the upcoming field season. The Company plans to drill up to nine holes on the west side of the deposit with drill pads located on the recently purchased private land. The holes are designed to examine the extent of the higher-grade copper and silver mineralization between hole 10-47 and the Coon Dog waste dumps, first announced in the Company's November 20, 2017 news release. The waste dumps are located 1371 meters (4500 feet) west of Hole 10-47. Hole 47 intersected 301 meters grading 0.22% Cu,5.35 gms Ag/T and 0.054% MoS2. The dump grab sample indicated it is part of an older copper porphyry system that pre-dates the molybdenum system at CuMo. A 15-kilogram sample from the dump assayed 3.12% Cu, 783 gms Ag/t, and 0.986 gms Au/t.
Apr 10, 2018 08:42 ET
American CuMo Mining Receives Positive Results From Independent Updated PEA
Vancouver, British Columbia--(Newsfile Corp. - April 10, 2018) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") is pleased to report on positive results from an independent updated Preliminary Economic Analysis (PEA) of its 100% owned CuMo Project, a large Copper-Molybdenum-Silver-Tungsten-Rhenium deposit located in Boise County, Idaho. The independent, third-party analysis was conducted by Sacré-Davey Engineering of North Vancouver.
Feb 28, 2018 08:47 ET
American CuMo Mining Provides Update to Shareholders
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2018) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") announces that it has closed its private placement of convertible debentures (the "Debentures") previously announced on November 29, December 8, and December 21, 2017, and extended on January 17, 2018. The Company has decided to stop the sales of these debentures with to-date received subscriptions totalling $2,768,500. The Debentures have an initial one-year term, automatically renewable annually for additional one-year terms, up to a maximum term of five years, are secured by the assets of the Company's subsidiary, Idaho CuMo Mining, and pay interest at a rate of 8.75% interest per annum, with interest paid in quarterly instalments. The Debentures are convertible into units of the Company (the "Units") at a conversion price of C$0.075 per Unit at any time following four months and one day from the closing date until the first anniversary on the closing date, and thereafter up to the maturity date (as such date may be extended) at C$0.10 per Unit. Each Unit will consist of one common share of the Company and one common share purchase warrant (a "Warrant"), with each Warrant entitling the holder to purchase an additional common share of the Company (a "Warrant Share") at a price of C$0.1125 per Warrant Share for a period of five years from the closing date. Any accrued but unpaid interest under the Debentures may also be converted, at the option of the holder, into Units at the Market Price determined at the time the interest becomes payable and is subject to TSXV approval. Should the holder decide not to renew the Debentures, the Company has ninety days to repay the principal owed. Proceeds from the Debenture financing, along with other financing efforts, will be used by the Company to repay the debentures owed to International Energy & Mineral Resources Investment (Hong Kong) Company Limited, to fund a Pre-Feasibility Study for the CuMo Project that will include the results from the Ore-Sorting process to be used by the Company and other optimizations to improve on the results in the November 15, 2015 Preliminary Economic Analysis (PEA), and to continue analyzing the results of the Calida Gold 2017 work program.
Jan 17, 2018 14:33 ET
American CuMo Mining Provides Update to Shareholders
Vancouver, British Columbia--(Newsfile Corp. - January 17, 2018) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") announces that it has hired Sacre-Davey Engineering, a mining engineering company with considerable experience in Ore-Sorting, to provide an updated Preliminary Economic Analysis (PEA) for the Company's CuMo Project that would incorporate the substantial benefits of Ore-Sorting in the analysis. The PEA would be a prelude to a Pre-Feasibility Study and allow the Company to independently verify the benefits of Ore-Sorting to the CuMo Project in a relatively brief period.
Dec 21, 2017 11:53 ET
American CuMo Mining Provides Update
Vancouver, British Columbia--(Newsfile Corp. - December 21, 2017) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") announces that the Company's Rights Offering was completed with a total of 4,453,776 shares issued for net proceeds of $295,742. When combined with the recently closed private placement, a total of $1,767,669 was raised. The Company is also pleased to report that the previously announced convertible debenture offering (See News Release dated November 29, 2017) is oversubscribed, with $2,300,000 of convertible debentures having been sold to date. The funds are being allocated to repay the remaining amounts due on the IEMR HK debentures and to support ongoing work at the Company's CuMo Project and Calida Gold project.
Dec 08, 2017 08:49 ET
American CuMo Mining Closes Oversubscribed Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 8, 2017) - American CuMo Mining Corporation ("CuMoCo" or the "Company") (TSXV: MLY) (OTCQX: MLYCF) is pleased to announce that the second and final tranche of its non-brokered private placement of up to 15,000,000 units ("CuMoCo Units") at a price of Cdn$0.075 per unit (the "CuMoCo Offering"), announced on October 10, 2017, has been closed and oversubscribed. The Board of Directors approved an increase in the size of the CuMoCo Offering, and the Company has sold a total of 19,625,699 CuMoCo Units for total gross proceeds of $1,471,927. The proceeds of the CuMoCo Offering have been applied toward the repayment of the IEMR Debentures.
Nov 29, 2017 11:04 ET
American CuMo Mining Makes Second Payment of IEMR HK Debentures and Updates Shareholders
Vancouver, British Columbia--(Newsfile Corp. - November 29, 2017) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") is pleased to announce that the Company has completed the second payment of USD 597,500 to IEMR HK (representing payment of USD 500,000 of principal owing under the Second Debenture and USD 97,500 of accrued interest) as part of the amended terms of repayment as outlined in October 30, 2017 news release.
Nov 20, 2017 16:12 ET
American CuMo Mining Updates Shareholders
Vancouver, British Columbia--(Newsfile Corp. - November 20, 2017) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") is pleased to provide shareholders with an update on its projects and corporate developments.
Nov 02, 2017 18:21 ET
American CuMo Announces Rights Offering
Vancouver, British Columbia--(Newsfile Corp. - November 2, 2017) - American CuMo Mining Corporation (TSXV: MLY) (OTCQX: MLYCF) ("CuMoCo" or the "Company") announces that it will conduct a rights offering to raise gross proceeds of up to $5 million (the "Rights Offering").
Oct 30, 2017 12:20 ET
IIROC Trading Resumption - MLY
VANCOUVER, Oct. 30, 2017 /CNW/ - Trading resumes in:
Oct 30, 2017 11:04 ET
IIROC Trade Resumption - American CuMo Mining Corporation
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2017) - Trading resumes in:
Oct 30, 2017 10:58 ET
American CuMo Mining Updates Shareholders on Repayment of Indebtedness
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2017) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo or the "Company") announces that it is in the process of negotiating an amendment to the terms of repayment of the two debentures held by International Energy & Mineral Resources Investment (Hong Kong) Limited ("IEMR HK"). The first debenture, in the principal amount of Cdn$1.5 million (the "First Debenture"), was due to have been repaid on October 25, 2017, and the second debenture, in the principal amount of US$1.5 million (the "Second Debenture" and collectively with the First Debenture, the "Debentures"), is due on November 25, 2017.
Oct 26, 2017 09:50 ET
IIROC Trading Halt - MLY
VANCOUVER, Oct. 26, 2017 /CNW/ - The following issues have been halted by IIROC:
Oct 26, 2017 08:43 ET
IIROC Trade Halt - American CuMo Mining Corporation
Vancouver, British Columbia--(Newsfile Corp. - October 26, 2017) - The following issues have been halted by IIROC:
Oct 11, 2017 13:14 ET
American CuMo Mining Announces Revised Pricing for Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - October 11, 2017) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo or the "Company") as a part of its new financing strategy, has repriced its previously announced non-brokered private placement of units (the "Units") to raise gross proceeds of up to CAD$3,750,000 (the "Previous Private Placement"). A total of up to 15,000,000 Units will now be offered for sale at a price of CAD$0.075 per Unit to raise gross proceeds of up to CAD$1,125,000 (the "Private Placement").
Feb 27, 2017 10:04 ET
IIROC Trading Resumption - MLY
VANCOUVER, Feb. 27, 2017 /CNW/ - Trading resumes in:
Feb 24, 2017 15:27 ET
IIROC Trading Halt - MLY
VANCOUVER, Feb. 24, 2017 /CNW/ - The following issues have been halted by IIROC:
Nov 21, 2016 10:14 ET
IIROC Trading Resumption - MLY
VANCOUVER, Nov. 21, 2016 /CNW/ - Trading resumes in:
Nov 17, 2016 09:37 ET
IIROC Trading Halt - MLY
VANCOUVER, Nov. 17, 2016 /CNW/ - The following issues have been halted by IIROC: