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nmc resource corp (NRC) Details

NMC Resource Corporation, a mining company, engages in the exploration, development, and production of natural resources. It explores for molybdenum and copper ores. The company owns a 100% interest in the NMC Moland Mine, which comprises 3 claims covering an area of approximately 822 hectares located to the southeast of Seoul, South Korea. It also holds an option to earn a 100% interest in the Boss Mountain Mine located to the west of Hendrix Lake, British Columbia in Canada. The company is based in Vancouver, Canada. NMC Resource Corporation is a subsidiary of Dong Won Corporation.

nmc resource corp (NRC) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$40.5K
Chief Financial Officer
Total Annual Compensation: --
Chief Operating Officer, Managing Director an...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

nmc resource corp (NRC) Key Developments

NMC Resource Corporation Announces Completion of 2014 Drilling at Boss Mountain Mine

NMC Resource Corporation successfully completed the drilling of 11 holes totaling 3,075 meters at Boss Mountain Mine. Boss Mountain produced molybdenum in the past when operated by Noranda Mines Ltd. This program was designed to confirm the previously reported mineralization, extend the boundaries of the known zones both at depth and along strike, and test other potential elements in the deposit. Analytical work is being carried out by AGAT Laboratories Ltd. Boss Mountain is located near the historic mining town of Hendrix Lake, approximately 88 km east of 100 Mile House in British Columbia, Canada. Noranda produced 7,430,340 tonnes of ore at 0.217% Mo (0.36% MoS(2)) intermittently for the period of 1965 -- 1983. Surface access leading to and across the site remains in good condition and provide easy access to where the surface mining efforts stopped. These access roads will be instrumental in facilitating expedited restart on site, should the Company decide to re-open Boss Mountain.

NMC Resource Corporation Announces Unaudited Consolidated Financial and Production Results for the Half Year Ended June 30, 2014; Intends to Complete 3,000 Metre Drill Program in 2014

NMC Resource Corporation announced unaudited consolidated financial and production results for the half year ended June 30, 2014. For the half year, revenue was CAD 5,858,262 against CAD 4,616,897 a year ago. Net loss was CAD 142,167 against CAD 635,815 a year ago. EBITDA at Moland was CAD 1,842,047 against CAD 1,070,147 a year ago. Adjusted EBITDA was CAD 1,743,161 against CAD 960,874 a year ago. Molybdenum sold was 500,072 lbs against 448,970 lbs a year ago. Ore mined was 158,360 against 134,800 a year ago. Produced molybdenum concentrate was 439 T (488 wet T) against 386 T (429 wet T) a year ago. Mill head grade was 0.29% against 0.31% a year ago. Recovery was 91% against 91% a year ago. The company intends to complete the 3,000-metre drill program in 2014.

NMC Resource Conducts Strategic Review Process

NMC Resource Corporation (TSXV:NRC) has initiated a strategic review process to explore alternatives for the enhancement of shareholder value. The review will consider various alternatives for NMC Resource, including the potential sale of NMC Resource's assets, and any other options identified by executive management and the Board of Directors with the fundamental objective of realizing the best value for NMC Resource's shareholders. Deloitte Corporate Finance Limited has been retained to explore any and all options.


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