Examples of Eureka Moly in a sentence
Eureka Moly, LLC, a Delaware limited liability company (“Eureka Moly”), leases and intends to operate a mine located in Eureka County, Nevada (the “Mount Hope Mine”) from which it intends to produce Technical Grade Molybdenum Oxide (“TMO”), in the form of powder and carbon-free briquettes, that meets or exceeds the standards on Schedule A (such TMO produced from the Mount Hope Mine, the “Products”).
By: /s/ Xxxxxxx Xxxxxxx Name: Xxxxxxx Xxxxxxx Title: President Eureka Moly, LLC., by its Manager, Nevada Moly, LLC.
NMLLC owns an eighty percent (80%) joint venture interest in Eureka Moly, LLC (“EMLLC”), the operator of molybdenum mining project in Nevada commonly referred to as the Mt. Hope Project.
Cost estimates for the Mt. Hope Project currently are being reviewed and subject to final approvals by the Company’s board of directors and by POS-Minerals Corporation, the POSCO subsidiary that owns 20% minority equity interest in Eureka Moly, LLC.
He also represents Hanlong on the Eureka Moly Management Committee of General Moly.
In December 2012, the Company and POS-Minerals, as the members of Eureka Moly, LLC (“EMLLC”), agreed to hold, as restricted cash, $36 million due to the Company, of the approximately $100 million received from POS-Minerals’ December, 2012 contributions.
Once the conditions of this Term Sheet are signed and agreed by the parties, the Eureka Moly, LLC (“EMLLC”) Operating Agreement shall be amended accordingly.
Following the Tranche 1 Closing until the earlier of (i) the date Hanlong’s Guarantee of the Bank Loan has expired or otherwise been terminated and (ii) the date of the Bank Loan Rejection, Hanlong shall have the right to designate one of the Representatives (the “Hanlong Eureka Representative”) that Nevada Moly is entitled to appoint to the Management Committee of Eureka Moly (the “Eureka Management Committee”).
Eureka Moly, LLC, a Delaware limited liability company By its manager, Nevada Moly, LLC, a Delaware limited liability company By: /s/ Xxxxx X.
Following the Tranche 1 Closing and as long as the Loan and Amer’s Guarantee of the Loan is outstanding, Amer shall have the right to designate one of the Representatives (the “Amer Eureka Representative”) that Nevada Moly is entitled to appoint to the Management Committee of Eureka Moly (the “Eureka Management Committee”).