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American Cumo Mining Corporation (V:MLY)

Business Focus: Integrated Mining

May 26, 2021 05:07 pm ET
British Columbia Securities Commission Technical Disclosure Review
Vancouver, British Columbia--(Newsfile Corp. - May 26, 2021) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") announces that as a result of a review by the British Columbia Securities Commission ("BCSC"), the Company is issuing this news release to retract the following disclosure "Current metal prices would reduce this potential cash cost (to produce a pound of molybdenum) to under US$0.75 per pound." in its news release date May 12, 2021 and in a recent Jon Brown Stockhouse article.
May 12, 2021 07:35 am ET
American CuMo Mining Announces Silver Purchase Financing Approved for Vienna Exchange Listing
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2021) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) is pleased to announce that it has received approval from the Vienna Stock Exchange for admittance to trading for its majority owned subsidiary, International CuMo Mining Corporation's ("ICMC") previously announced Silver Financing (see news release dated April 7, 2021). The units are identified on the exchange as Collateralized Silver Purchase Right Bond CUMO S3 with an ISIN AT0000A2R0R7 and will begin trading May 17, 2021.
Apr 07, 2021 12:43 pm ET
American CuMo Mining Announces Silver Purchase Financing Now Available
Vancouver, British Columbia--(Newsfile Corp. - April 7, 2021) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") is pleased to announce the TSX Venture Exchange has approved the Company proceeding with the sale of its US$12,500,000 financing (the "ICMC Silver Financing") involving the sale of up to 12,500 units ("ICMC Silver Units") by its majority owned subsidiary, International CuMo Mining Corporation ("ICMC") at a price of US$1,000 per ICMC Silver Unit, with each ICMC Silver Unit consisting of a promissory note in the principal amount of US$1,000 (a "Note") and a right (the "Silver Purchase Right") to enter into a silver purchase and sale agreement (a "Silver Purchase Agreement") with ICMC. The Notes would be secured against certain assets of ICMC; bear interest at a rate of 7.5% per annum payable or accruable semi-annually on June 30 and December 31; and have a term of 7 years. With the consent of the holder of the Note, ICMC could prepay all or any portion of the principal amount outstanding under such Note at any time, provided that any prepayment in whole or in part of the Note would cause the Silver Purchase Right to immediately expire. The offering is subject to the final approval of the TSX Venture Exchange prior to closing.
Mar 15, 2021 02:00 pm ET
American CuMo Mining and International CuMo Mining (formerly Idaho CuMo Mining) Receive Exchange Approval to Purchase a Significant Austrian Zinc-Germanium-Cadmium-Lead Past Producer
Vancouver, British Columbia--(Newsfile Corp. - March 15, 2021) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") and International CuMo Mining Corporation, (formerly Idaho CuMo Mining Corporation ("ICMC")) are pleased to announce that the arms-length purchase and sale agreement to purchase the Bleiberg Zinc-Germanium-Lead-Cadmium-Fluorite mining project located in southern Austria announced December 4, 2020 has received TSX Venture Exchange approval.
Feb 24, 2021 07:25 am ET
American CuMo Mining Announces Terms of Silver Purchase Financing
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2021) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) is pleased to announce that it has finalized the terms of its proposed US$12,500,000 financing (the "ICMC Silver Financing") involving the sale of up to 12,500 units ("ICMC Silver Units") by its majority owned subsidiary, International CuMo Mining Corporation ("ICMC") at a price of US$1,000 per ICMC Silver Unit, with each ICMC Silver Unit consisting of a non-transferable promissory note in the principal amount of US$1,000 (a "Note") and a right (the "Silver Purchase Right") to enter into a silver purchase and sale agreement (a "Silver Purchase Agreement") with ICMC. The Notes would be secured against certain assets of ICMC; bear interest at a rate of 7.5% per annum payable or accruable semi-annually on June 30 and December 31; and have a term of 7 years. With the consent of the holder of the Note, ICMC could prepay all or any portion of the principal amount outstanding under such Note at any time, provided that any prepayment in whole or in part of the Note would cause the Silver Purchase Right to immediately expire.
Feb 03, 2021 08:49 pm ET
American CuMo Mining Announces Appointment of Independent Director
Vancouver, British Columbia--(Newsfile Corp. - February 3, 2021) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") is pleased to announce the appointment of Mr. Wayne Kettleson as an independent director to the Company's Board of Directors.
Jan 19, 2021 08:21 pm ET
American CuMo Mining Announces Positive Results from Annual General Meeting and Updates Shareholders
Vancouver, British Columbia--(Newsfile Corp. - January 19, 2021) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") is pleased to announce that all resolutions put forth at the Company's Annual General Meeting ("AGM") held January 12 were passed and approved by the shareholders of the Company.
Jan 19, 2021 06:04 pm ET
American CuMo Mining Closes Oversold Convertible Debenture Offering
Vancouver, British Columbia--(Newsfile Corp. - January 19, 2021) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") announces that it has closed its oversubscribed private placement of convertible debentures (the "Debentures") previously announced on December 8, 2020. Subscriptions were received for a total of 1,150 debentures for total proceeds of $1,150,000. The Board of Directors of the Company unanimously approved the increase in the placement at its meeting held on January 18, 2021.
Jan 05, 2021 03:02 pm ET
American CuMo Mining and Idaho CuMo Mining Announce Debenture Conversion, Update on Financing, 2021 AGM Meeting Reminder
Vancouver, British Columbia--(Newsfile Corp. - January 5, 2021) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") and Idaho CuMo Mining Corporation ("ICMC") announced today that several of its convertible debenture holders have opted to convert their debentures and accrued interest into units consisting of shares and a warrant.
Dec 08, 2020 03:14 pm ET
American CuMo Mining and Idaho CuMo Mining Announce Proposed Financings
Vancouver, British Columbia--(Newsfile Corp. - December 8, 2020) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") and Idaho CuMo Mining Corporation ("ICMC") are pleased to announce a $1 million 8.75% secured convertible debenture financing (the "Debentures"). The financing is subject to TSX Venture Exchange approval.
Dec 04, 2020 07:27 am ET
American CuMo Mining and Idaho CuMo Mining Enter into an Agreement to Purchase a Significant Austrian Zinc-Germanium-Cadmium-Lead Past Producer
Vancouver, British Columbia--(Newsfile Corp. - December 4, 2020) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") and Idaho CuMo Mining Corporation ("ICMC") are pleased to announce that on December 1st, 2020, they entered into an arms-length agreement to purchase the Bleiberg Zinc-Germanium-Lead-Cadmium-Fluorite mining project located in southern Austria. The agreement is subject to TSX Venture Exchange approval.
Nov 26, 2020 04:08 pm ET
American CuMo Mining Announces Virtual Annual Meeting of Shareholders and Files Proxy Circular
Vancouver, British Columbia--(Newsfile Corp. - November 26, 2020) -  American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") announces that its Annual Meeting of Shareholders (the "Meeting") will be held in a virtual-only format and that its 2020 Notice of Annual Meeting, Management Information Circular, and Form of Proxy are now available on SEDAR and on the Company's website at https://cumoco.com/investors/annual-special-general-meeting/.
Nov 06, 2020 12:36 pm ET
American CuMo Mining Announces Warrant Extensions
Vancouver, British Columbia--(Newsfile Corp. - November 6, 2020) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") announces that the Company has applied to the TSX Venture Exchange to extend the term of the following common share purchase warrants for a period of two years.
Nov 03, 2020 03:26 pm ET
IIROC Trading Resumption - MLY
VANCOUVER, BC, Nov. 3, 2020 /CNW/ - Trading resumes in:
Nov 03, 2020 11:53 am ET
American CuMo Mining Announces Reinstatement of Trading on the TSX Venture Exchange and Date of Annual and Special Shareholder Meeting
Vancouver, British Columbia--(Newsfile Corp. - November 3, 2020) - American CuMo Mining Corporation (TSXV: MLY) (OTC: MLYCF) ("CuMoCo" or the "Company") is pleased to announce that the TSX Venture Exchange (the Exchange) issued a bulletin on Monday, November 2, 2020, stating that the Exchange has been advised that the cease trade order issued by the British Columbia Securities Commission dated Nov. 2, 2018, has been revoked and that effective at the opening, Wednesday, Nov. 4, 2020, trading will be reinstated in the securities of the Company.
Oct 30, 2020 05:58 pm ET
American CuMo Mining Announces Updates of Various Disclosures
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2020) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") the Company is providing the following updates.
Sep 16, 2020 07:57 am ET
American CuMo Mining Announces Revocation of Cease Trade Order
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2020) - American CuMo Mining Corporation (TSXV: MLY) (OTC PINK: MLYCF) ("CuMoCo" or the "Company") is pleased to announce that the cease trade order ("CTO") issued by the British Columbia Securities Commission ("BCSC") has been revoked.
Sep 01, 2020 06:21 pm ET
American CuMo Mining Announces Refiling of its March 31, 2020 Interim Financials and MD&A
Vancouver, British Columbia--(Newsfile Corp. - September 1, 2020) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") announces that amended and restated financials and management's discussion and analysis for the quarter ending March 31, 2020 (The "Amended and Restated March 31, 2020 statements") have been filed on SEDAR. The Amended and Restated March 31, 2020 statements were prepared following a continuous disclosure review by the British Columbia Securities Commission ("BCSC") of the Company's disclosure records as part of the application to have the cease trade order removed.
Jun 02, 2020 02:50 pm ET
American CuMo Mining Files Independent Preliminary Economic Assessment for the CuMo Project
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2020) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") is pleased to report on positive results from an independent Preliminary Economic Assessment (PEA) of its 100% owned CuMo Project, a large Copper-Molybdenum-Silver- Rhenium deposit located in Boise County, Idaho. The independent, third-party analysis was conducted by SRK Consulting (Canada) Inc., Sacré-Davey Engineering and Giroux Consulting.
Jan 14, 2020 01:42 pm ET
American CuMo Mining Provides Update on Technical Report Filing
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2020) - American CuMo Mining Corporation (TSXV: MLY) (OTC: MLYCF) ("CuMoCo" or the "Company") is pleased to report that further to the Company's December 20, 2019 news release, Sacré-Davey Engineering Inc. of North Vancouver has been engaged to provide a new qualified person to replace one of the eight qualified persons in the recently withdrawn technical report titled "Preliminary Economic Assessment & NI 43-101 Technical Report for the CuMo Project, USA" (the "Technical Report"). The sections of the Technical Report that will be re-examined by the new qualified person are particle sorting, metallurgical, and processing plant. The Company expects to have its Technical Report ready for re-filing on SEDAR in the near-term.
Dec 20, 2019 09:11 pm ET
American CuMo Mining Announces Retraction of Technical Report
Vancouver, British Columbia--(Newsfile Corp. - December 20, 2019) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") announces that on November 27, 2019, the Company had filed a technical report on SEDAR titled "Preliminary Economic Assessment & NI 43-101 Technical Report for the CuMo Project, USA" (the "Technical Report"), with an effective date of October 15, 2019 , that suggests that the Technical Report was authored by eight (8) qualified persons. It has recently come to the Company's attention that one qualified person, who was represented as having taken professional responsibility for several sections of the Technical Report, asserts that he had not reviewed or approved the Technical Report and that his signature was included without authorization. The Company accordingly, while it investigates this matter, hereby retracts the filing of the Technical Report on SEDAR and advises that the Technical Report should not be relied upon.
Nov 27, 2019 02:01 pm ET
Nov 22, 2019 01:42 pm ET
American CuMo Mining to Extend Expiry Date of Outstanding Warrants
Vancouver, British Columbia--(Newsfile Corp. - November 22, 2019) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company")  announces that subject to TSX Venture Exchange ("TSXV") acceptance, it intends to extend the expiry date of a series of previously issued common share purchase warrants by one year. The Company proposes to extend an aggregate of 19,625,699 unexercised warrants (the "Warrants") issued on December 5, 2017 as part of a private placement, having an original expiry date of December 5, 2019. Each Warrant entitles the holder to purchase one common share of the Company at a price of Cdn$0.125 per share and is subject to an acceleration provision whereby the term of the Warrants may be accelerated in the event that the Company's common shares trade at or above a price of Cdn$0.175 per share for a period of ten consecutive trading days. In such case, the Company may, at its option, accelerate the expiry date by delivery of notice to the holder and issuing a press release announcing such acceleration and, in such case, the expiry date of the Warrants shall be deemed to be the 20th day following the later of the date on which the acceleration notice is sent to the holder of the Warrants and the date of issuance of the press release.
Apr 05, 2019 04:44 pm ET
American CuMo Mining to Challenge Acepac Holdings Claim
Vancouver, British Columbia--(Newsfile Corp. - April 5, 2019) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") was served with a Notice of Claim (the "Claim") filed by Acepac Holdings Ltd. ("Acepac"), a British Virgin Islands company, pursuant to which Acepac has sought a judgment against CuMoCo in the amount of US $1 million, plus interest, as well as damages for breach of contract and breach of trust and special costs.
Jan 08, 2019 10:49 am ET
U.S. Forest Service Supplemental Environmental Assessment Paves the Way for Completion of Strategic Metals Exploration in Idaho
Vancouver, British Columbia--(Newsfile Corp. - January 8, 2019) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") is pleased to announce that the U.S. Forest Service (USFS) has released its 2018 Supplemental Redline Environmental Assessment (SREA) regarding the CuMo Project exploration.
Jan 07, 2019 04:30 pm ET
CORRECTION FROM SOURCE: American CuMo Mining Announces Results of Calida Gold Drill Program Review
Vancouver, British Columbia--(Newsfile Corp. - January 7, 2019) - American CuMo Mining Corporation (TSXV: MLY)  (OTC Pink: MLYCF) ("CuMoCo" or the "Company") announces that as a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify its previous disclosure.
Jan 04, 2019 05:00 pm ET
American CuMo Mining Announces Results of Calida Gold Drill Program Review
Vancouver, British Columbia--(Newsfile Corp. - January 4, 2019) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") announces that it has completed its review of all the information gathered during the 2017 drill program conducted at its Calida Gold project. As a result of the Company's assay detailed verification program, it was discovered that there was high variability between individual assays, especially for silver. Also, several assays indicated no precious metals present within the sample where samples were within 20 feet of previous historical samples containing precious metals. As a result of these discrepancies, upon completion of the drill program and the receipt of all assays, including checks and duplicates, the Company submitted seven core samples for microscopic analysis to Vancouver Petrographics Ltd of Langley, BC. The results of the analysis indicate two major points:
Jan 03, 2019 05:50 pm ET
American CuMo Mining Updates Shareholders
Vancouver, British Columbia--(Newsfile Corp. - January 3, 2019) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") announces that the Company has closed its non-brokered private placement (the "Private Placement") of Units (the "Units"), raising $500,000 dollars through the sale of 10 million Units at a price of $0.05 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 $0.075 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 $0.125 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.
Dec 11, 2018 12:02 pm ET
American CuMo Mining Updates Shareholders
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2018) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") announces that it has received a partial revocation order dated December 10, 2018 ("PRO") from the British Columbia Securities Commission ("BCSC") to allow it to proceed with a non-brokered private placement (the "Private Placement") of Units (the "Units"). The Company intends to raise up to $500,000 through the sale of up to 10 million Units at a price of $0.05 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 Share (a "Warrant Share") at a price of $0.075 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 Shares trade at or above a price of $0.125 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. The Company expects to close the Private Placement in seven to ten days.
Nov 06, 2018 12:25 pm 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 am ET
IIROC Trading Halt - MLY
VANCOUVER, Nov. 5, 2018 /CNW/ - The following issues have been halted by IIROC:
Oct 29, 2018 05:02 pm 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 05:18 pm 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 pm 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 am 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 02:34 pm 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 06:00 pm 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 am 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 am 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 am 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 am 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 am 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 02:33 pm 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 am 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 am 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 am 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 04:12 pm 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 06:21 pm 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 pm ET
IIROC Trading Resumption - MLY
VANCOUVER, Oct. 30, 2017 /CNW/ - Trading resumes in:
Oct 30, 2017 11:04 am ET
IIROC Trade Resumption - American CuMo Mining Corporation
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2017) - Trading resumes in:
Oct 30, 2017 10:58 am 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 am ET
IIROC Trading Halt - MLY
VANCOUVER, Oct. 26, 2017 /CNW/ - The following issues have been halted by IIROC:
Oct 26, 2017 08:43 am 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 01:14 pm 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 am ET
IIROC Trading Resumption - MLY
VANCOUVER, Feb. 27, 2017 /CNW/ - Trading resumes in:
Feb 24, 2017 03:27 pm ET
IIROC Trading Halt - MLY
VANCOUVER, Feb. 24, 2017 /CNW/ - The following issues have been halted by IIROC:
Nov 21, 2016 10:14 am ET
IIROC Trading Resumption - MLY
VANCOUVER, Nov. 21, 2016 /CNW/ - Trading resumes in:
Nov 17, 2016 09:37 am ET
IIROC Trading Halt - MLY
VANCOUVER, Nov. 17, 2016 /CNW/ - The following issues have been halted by IIROC: