Without financial investment, Adanac will liquidate assets

Jan 06, 2014 | 01:16 PM | Daniel Fitzgerald

Tags  Adanac Molybdenum, Ruby Creek, molybdenum mining, moly prices, Daniel Fitzgerald

NEW YORK — Adanac Molybdenum Corp. will begin liquidating its assets unless a third-party investor for the company or its Ruby Creek project is found.

The Surrey, British Columbia-based company halted development work on the Ruby Creek project in January 2009 (amm.com, Jan. 21, 2009) shortly after filing for bankruptcy protection. It emerged from creditor protection in February 2011 and has spent the past two years focused on finding a buyer for "all or part" of Ruby Creek or Adanac. ....

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