Welcome to our website
InterMoly was established in December 2004 by Galahad Gold plc (Galahad) for the purpose of developing two primary molybdenum licences in Greenland. The Licences, relating to Malmbjerg and Flammefjeld, were granted to Galahad in August and December 2004 by the government of Greenland. InterMoly subsequently engaged specialist consultants who appraised the results of previous exploration programmes and classified the resources. Key management with significant experience in mining and mining finance was subsequently retained for the purposes of executing the strategy in the shortest possible timeframe.
The Company raised £2,550,000 (before expenses) in April 2005 in order to commence the Projects. InterMoly raised a further £6,000,000 (before expenses) in July 2005 by way of a Placing and secured an interest free loan of £1 million from Galahad to complete a Bankable Feasibility Study of its Malmbjerg Project and to have its Ordinary Shares and Warrants admitted to trading on the AIM Market. Admission and commencement of trading occurred on 28 July 2005.
For detailed information on the company and its directors, secretary and advisers, the Placing as well as risk factors, an independent Competent Person’s Report, statutory and general information and a glossary of technical terms, please refer to the Admission Document attached as a PDF file, by clicking on the link below:
AIM Prospectus
Latest news stories
InterMoly appoints HB Advisers
International Molybdenum PLC (“InterMoly” or “the Company”) announces that it has retained HB Advisers.
InterMoly completes £7m financing
InterMoly completes £7m financing and commences trading on AIM
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