Pursues Critical Mineral Status for Molybdenum
Idaho CuMo Mining Corporation (ICMC) updated three committees in the Idaho State Legislature regarding the status of the CuMo Project exploration.
“Keeping our legislators and key decision makers up-to-date on all activities with the CuMo Project is part of our commitment to sustainability,” said Lisa Anderson, Vice President of Government Relations at ICMC. “It’s an opportunity to discuss new developments and answer their questions.”
Anderson informed the House Environment, Energy and Technology; House Resources and Conservation; and Senate Resources and Environment committees of important scientific data, the economic development potential, permitting delays, and the effort to add molybdenum (moly) to the critical minerals list to advance the CuMo Project.
The CuMo Project is a strategic minerals exploration located 13 miles northwest of Idaho City. Scientific research of the CuMo ore body has classified it as the world’s largest molybdenum deposit and in the top 25 silver deposits. Additionally, the exploration has established the presence of substantial quantities of copper and tungsten.
On February 19, 2018, the Trump Administration posted an updated critical minerals list that contains 35 minerals considered crucial to the U.S. economy and national security. The list included rhenium, which is most cost-effectively produced as a byproduct of molybdenum processing.
“Rhenium is an important part of the economics of the CuMo Project,” said Anderson. “While rhenium is in the spotlight, molybdenum should not be overlooked with its numerous applications for national defense and emerging technologies.”
ICMC launched a campaign earlier in February to add molybdenum to the 2018 Critical Minerals list which could afford special protections for the strategic metal and bring needed attention to the permitting and development of the CuMo Project and other domestic molybdenum projects.
Currently, China controls of 56 percent of the world’s molybdenum compared to 18 percent controlled by the U.S. Molybdenum has been a critical part of national defense since World War II for armored vehicles, water vessels, aircraft and body armor for soldiers. Infrastructure applications for molybdenum include constructing, repairing or replacing bridges, tunnels, railways, buildings, pipelines and airports. Emerging molybdenum innovations include next-generation lithium-ion batteries with expanded capacity and extended lifespan, the only viable alternative to silicon in semiconductors which may facilitate two-dimensional applications and advancing X-ray technology to an atomic and molecular scale.
“Molybdenum matches every criterion for the critical minerals list,” said Anderson. “We want to avoid a supply chain disruption when any or all of these moly applications become major economic drivers for the U.S.”
The U.S. Department of Interior has opened a public comment period regarding the draft Critical Minerals list. Comments can be submitted to the Department of Interior online through March 19, 2018. The ICMC team encourages CuMo Project proponents to submit comments supporting molybdenum as a critical mineral.
ICMC has established a Critical Minerals page on the CuMo Project website for stakeholders who desire more information about the lobbying effort and resources for engaging with decision makers.
About CuMo Project
The CuMo Project is a scientific exploration of the largest molybdenum deposit and one of the top 25 silver deposits in the world. CuMo is located in a historic mining district in Boise County, Idaho. American CuMo Mining Corporation (CuMoCo) acquired the claims in 2004. CuMoCo established Idaho CuMo Mining Corporation (ICMC), an Idaho-based, wholly-owned subsidiary, to manage the geologic and environmental exploration that will determine the future development plan.
About Idaho CuMo Mining Corporation
Idaho CuMo Mining Corporation (ICMC) is the wholly-owned subsidiary of American CuMo Mining Corporation, a Canadian natural resource exploration and development company. ICMC is committed to conducting all exploration and development activities, present and future, in a manner that ensures a minimal impact on the environment. Every decision made by the development team is focused on designing an environmentally sound and socially responsible project. Currently, ICMC is advancing the CuMo Project in Boise County, Idaho and Calida Gold project in Lemhi County, Idaho. For more information, please visit idahocumo.com.
About American CuMo Mining Corporation
American CuMo Mining Corporation (CuMoCo) is focused on advancing its CuMo Project towards feasibility. CuMoCo is also advancing its newly-acquired Calida Gold project. Management is continuing to build an even stronger foundation from which to move the Company and its projects forward. For more information, please visit cumoco.com, idahocumo.com and cumoproject.com.