ATLANTA, March 15, 2007 (PRIME NEWSWIRE) -- OTC Stock Review announces that it has provided an update to its published report on Adanac Molybdenum Corp. (TSX-V:AUA) (Other OTC:AUAYF) (Frankfurt:A9N).
Adanac Molybdenum Corp., with its Ruby Creek molybdenum mine near Atlin, British Columbia was recently headlined in the Business Section of The Vancouver Sun regarding a landmark policy written to consider the interests of the Taku River Tlingit First Nation, government and mining companies. According to the article, The Vancouver Sun obtained an advance copy of the policy. Adanac Molybdenum's recent agreement with the first nation is specifically mentioned in our recent report.
According to the article by Scott Simpson of The Vancouver Sun, "The Taku have become strong proponents of that project (the Ruby Creek Project), largely due to Adanac's efforts to include the local first nation in all stages of the development of the mine project." The OTC Stock Review report points out the benefits of this type of collaborative effort between industry and the first nation. In our opinion, the article is well timed, as many investors are waiting for the results of Adanac Molybdenum's mining permit, which is in active application.
Scott Simpson's article is available to registered subscribers of The Vancouver Sun at http://www.canada.com/vancouversun/news/business/story.html?id=574dbc3d-7138-408e-b600-8e8dadf73b6f.
A complimentary copy of our report on Adanac Molybdenum is available at http://www.otcstockreview.com/Files/AUAYF/Adanac_Molybdenum.pdf.
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