Thompson Creek nixes U.S. Energy option: Globe
Thompson Creek Minerals has spurned an option with U.S. Energy Corp. to acquire an interest in the Mount Emmons molybdenum project in Colorado's Gunnison County. According to a story in today's Globe and Mail, the Denver-based company has decided instead to focus on exploring its Berg property in British Columbia:
Chairman and CEO Kevin Loughrey said the property can potentially expand its molybdenum production while also helping the company's diversification efforts.