Molybdenum News Center

Inova Resources Cut Two Directors on Its Board

Just yesterday, Inova Resources (TSX:IVA20,ASX:IVA) cut two directors on its board, at the same time stating that it still plans to move forward with its $345-million Merlin molybdenum-rhenium project.

A recent mining review shows that the deposit’s mine production could “be increased by 10% with a 5% reduction in unit operating cost and the molybdenum-rhenium concentrate upgraded to between 38% and 45% molybdenum.”

The company is currently focusing on finding a strategic partner for the project and hopes to update its feasibility project.
 

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