MLY. American Cumo Mining Corp

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.

Upon learning of the issue, the Company's independent directors immediately commenced an investigation. Although such investigation is at an early stage, the issue is being treated with utmost seriousness by the Company.

The Company has also been engaged in discussions with a view to rectifying and refiling the Technical Report with another qualified person assuming responsibility for the relevant sections of the Technical Report for which a responsible qualified person is required. There can be no assurance that the Company will be able to engage another qualified person or file, either in its current or a modified form, the Technical Report.

About CuMoCo

CuMoCo is focused on advancing its CuMo Project towards feasibility. Please visit , and .

For further information, please contact:

American CuMo Mining Corporation

Trevor Burns, Chief Financial Officer
Tel: (604) 689-7902

Email:

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this new release.

To view the source version of this press release, please visit

EN
21/12/2019

Underlying

MLY.American Cumo Mining Corp

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on American Cumo Mining Corp

Free Trial
MLY. American Cumo M...

American CuMo Mining Corp: 2 directors

Two Directors at American CuMo Mining Corp sold/bought 1,596,300 shares at between 0.045CAD and 0.070CAD. The significance rating of the trade was 63/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's d...

MLY. AMERICAN CUMO MINING CORP
02/02/22 February 2, 2022 1 EN
 PRESS RELEASE
Free
MLY. American Cumo M...

American CuMo Mining Announces Closing of First Tranche of Silver Purc...

Vancouver, British Columbia--(Newsfile Corp. - August 25, 2021) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) (the "Company") is pleased to announce that International CuMo Mining Corporation ("ICMC"), the Company's subsidiary, has closed the initial tranche (the "Initial Tranche") of the sale of silver units (the "Units") in the amount of US $1,089,00 pursuant to the previously announced silver unit financing (see the Company's news release dated April 7, 2021) (the "Financing"). Of this Initial Tranche,1,000 Units were subscribed for by the Company, and the subscription pr...

August 25, 2021 1 EN
 PRESS RELEASE
Free
MLY. American Cumo M...

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.The Statement should not be relied upon and is hereby retracted,...

May 26, 2021 1 EN
 PRESS RELEASE
Free
MLY. American Cumo M...

American CuMo Mining Announces Silver Purchase Financing Approved for ...

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. The Financing involves the sale of up t...

May 12, 2021 1 EN
 PRESS RELEASE
Free
MLY. American Cumo M...

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...

April 7, 2021 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch