Adanac Gains Extension to Creditor Protection

Adanac Molybdenum Corporation announced today that, by Order of the Supreme Court of British Columbia made Friday, January 16, 2009, all of the relief granted in the Initial Order made in Adanac’s Companies’ Creditors Arrangement Act proceedings on December 19, 2008 has been confirmed, including the stay of proceedings which has been extended until April 3, 2009. Further information, including... 

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Adanac Molybdenum Corporation: Ruby Creek Project – Exploration Update

Adanac Molybdenum Corporation announces the results for 10 holes from its Ruby Creek 2007/2008 diamond drilling program. 2007/2008 Diamond Drill Program The program includes 60 holes starting at AD-372: AD-372 to AD-374 results previously reported on September 13, 2007 AD-375 to AD-383 results previously reported on July 10, 2008 AD-384 to AD-393 condemnation holes AD-394 to AD-402... 

Adanac Molybdenum Corporation: Ruby Creek-Comprehensive Study Switched to Screening Assessment

Adanac Molybdenum Corporation was advised by the Government of Canada on September 29, 2008, that its Ruby Creek Molybdenum Open Pit Mine Project in northern British Columbia has changed permitting for production from a “Comprehensive Study” to a “Screening Level Assessment”. The Project is permitted for construction by the Government of British Columbia and Adanac is currently... 

Velocity Minerals Ltd. Announces Commencement of Work Program on Cassiar Moly

Velocity Minerals Ltd. announce that it has commenced a work program on its Cassiar Moly property 22 kilometers southwest of its Mt Haskin property near Cassiar in northern British Columbia. As described in the Velocity Minerals news release of May 7, 2008, strong molybdenite mineralization with quartz and minor chalcopyrite occurs on the property as fracture fillings and replacement disseminations... 

Adanac Molybdenum Corporation: Ruby Creek Project-$26 Million Building Fabrication Award

Adanac Molybdenum Corp. announces it has awarded Supreme Steel Ltd. of Edmonton, Alberta the fabrication of the Ruby Creek Project Power Plant Building, Crusher Building, Process Building and Maintenance Building, at a total cost of approximately $26 million. The order includes building steel frames, some interior platforms, doors and cladding, which will be fabricated at Supreme’s Edmonton and... 

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Adanac Molybdenum Corp.: Fish Habitat Reserve Facilitates Ruby Creek Tailings Permit

Adanac Molybdenum Corp. announce that the Province of British Columbia has created a fish habitat reserve which prohibits claim staking in the Upper Pine Creek drainage of the Surprise Lake watershed. The reserve will facilitate the Ruby Creek Mine Project fish habitat compensation program, required by the Government of Canada, for tailings impoundment permitting. The reserve is expected to provide... 

Adanac Molybdenum Corporation: Senior Management Core Team Appointment

Adanac Molybdenum Corp. is pleased to announce, effective August 01, 2008 that the Board of Directors has approved the appointments of: Peter R. Jones – Chairman, President and Chief Executive Officer Christopher C. Kirby – Vice President and Chief Financial Officer Kenneth W. Calligar – Vice President Finance Mr. Jones P. Eng., has 38 years of extensive experience in the mining industry... 

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