NMC Resource Corp. Signs Sales Contract for its Molybdenum Concentrates

Vancouver-based natural resource company, NMC Resource Corporation, announced that it signed a sales contract with Kwangyang Ferroalloy Co. Ltd. (KFA) for the sale of molybdenum concentrates produced at its Moland molybdenum property. NMC holds 100% ownership of the molybdenum mine, located 170 km. southeast of Seoul. The largest shareholder of NMC is mining company Dong Won Corporation of South Korea. South Korea-based KFA produces molybdenum products such as molybdenum oxide powder, molybdenum briquettes, and ferro molybdenum. The molybdenum products are used as a strengthening agent for steel and have applications mainly in the oil and gas industry.