Moon River Moly Ltd. (MOO:TSXV)

  • Moon River recently announced a highly economic PEA on its Davidson Project in B.C., the highest-grade molybdenum project outside of China.

  • The acquisition of a 25% stake in the Endako Project reduces single asset risk, providing MOO with $2M in working capital, $40M for maintenance and reclamation costs, as well as providing interest income to cover corporate G&A, offering substantial upside for the Company.

  • Moon River looks to take advantage of a booming molybdenum market..

Investment Summary

Company Description

Moon River is a Canadian-based resource company focused on the acquisition, exploration and development of mineral projects. Moon River is focused on the development of the Davidson Property which hosts a large molybdenum-tungsten deposit and is located near Smithers, British Columbia, as well as the Endako Mine Complex in British Columbia, one of the largest molybdenum mines in North America.

Research