NMC Resource is pleased to announce the successful completion of its previously announced going-private transaction, pursuant to which Dong Won Corp., a significant shareholder of the Company, acquired all of the outstanding securities of the Company that the Purchaser and KTB 2007 Private Equity Fund did not previously own by way of a plan of [...]
NMC Resource is pleased to announce that it has received shareholder approval for its previously announced going-private transaction pursuant to the terms of an arrangement agreement between NMC and Dong Won dated December 8. Pursuant to the Arrangement Agreement, the Purchaser, a significant shareholder of the Company, will acquire all of the [...]
Further to the news release dated November 25, 2014, NMC Resource is pleased to announce that it has entered into a formal arrangement agreement with Dong Won Corporation. Under the Arrangement Agreement, subject to satisfaction of the conditions therein, Dong Won will purchase all of the outstanding common shares of the Company, other than shares [...]
NMC Resource is pleased to report the remaining results from 2014 drill campaign at the Boss Mountain Project located near 100 Mile House B.C. The particulars of each drill hole can be found in table 6. Hole BOSS-14-07, located between pits 1 and 2, returned 0.08% Mo* (0.13% MoS2*) over 295.10m, which includes 0.09% Mo (0.16% MoS...
Further to the news release dated November 4, 2014, NMC Resource today announced that it has signed a letter of intent with Dong Won Corporation, for a going private transaction. Under the terms of the LOI, Dong Won, the majority shareholder of the Company is to acquire all of the issued and outstanding common shares of the Company, other than [...]
NMC Resource released its unaudited condensed consolidated financial statements for the nine months ended September 30, 2014.* Selected Information (Expressed in Canadian Dollars unless otherwise stated...
NMC Resource is pleased to report the results from the first two drill holes from the Boss Mountain Project located near 100 Mile House B.C. Assay results from the remaining 9 holes are currently pending, and will continue to be reported once received. Hole BOSS-14-01, the first hole of the 2014 program, returned 0.14% Mo* (0.23% MoS2*) over [...]
NMC Resource today announced that the Company has received a letter of intent from Dong Won for a going private transaction. Under the Letter of Intent, Dong Won proposes to acquire all of the issued and outstanding common shares of the Company held by shareholders other than Dong Won and KTB 2007 Private Equity Fund at a price of $0.20 per [...]
Further to the news release dated August 13, 2014, NMC Resource announced that it is engaging in a strategic review process to explore alternatives for the enhancement of shareholder value. The Company engaged Deloitte Corporate Finance Inc. to assist with exploring all options. The strategic review process is ongoing and today, the Board of [...]
NMC Resource successfully completed the drilling of 11 holes totalling 3,075 meters at Boss Mountain Mine. Boss Mountain produced molybdenum in the past when operated by Noranda Mines. This program was designed to confirm the previously reported mineralization, extend the boundaries of the known zones both at depth and along strike, and test other [...]
NMC Resource released its unaudited condensed consolidated financial statements for the six months ended June 30, 2014. During the six months ended June 30, 2014, NMC Resource improved production by 13.6% and sales by 27% year-on-year. The adjusted EBITDA increased by 81%. All-in cash cost for this period was US$7.62 per pound of molybdenum sold [...]
NMC Resource released its unaudited condensed consolidated financial statements for the first quarter ended March 31, 2014. During the three months ended the first quarter, March 31, 2014, NMC Resource improved production by 23% and sales by 7.4% year-on-year, with a 12.8% drop in realized price of molybdenum. The adjusted EBITDA increased by [...]
