CARSON CITY, Nev., Aug. 26, 2009 (GLOBE NEWSWIRE) -- The Board of Directors of Denarii Resources Inc. (OTCBB:DNRR) (Berlin:8D3) (Frankfurt:8D3) is pleased to announce that the company's professional advisors have short-listed a number of Joint Venture opportunities to further explore and develop its McNab Molybdenum Property. Negotiations will begin immediately to complete a favorable contract.
In recent months, the price of Molybdenum has almost doubled. Refer to charts at http://www.infomine.com/investment/historicalcharts/showcharts.asp?c=molybdenum for more information on the price of molybdenum.
Often referred to as just "Moly", Molybdenum is a metal that is primarily used as in alloys like steel, cast iron, and super-alloys. Molybdenum is especially useful in steel alloys because it helps with hardening, strength, toughness, wear, and corrosion resistance. Many of the uses of Molybdenum are in materials for which there is no substitute, so Molybdenum has solidified its place in the industrial technology world. Molybdenum helps create steel alloys that can be used under higher stress, in more extreme temperatures, or in places where metal normally corrodes quickly. It has the 6th highest melting point of any element. Molybdenum is also used in lubricants, pigments, and even catalysts, for where there are no substitutes for Molybdenum.
Due to the increase in Industrial, Residential and Commercial development in internationally emerging countries there is an increasing demand for quality construction material and high heat resistant lubricants for the oil and gas industry. Denarii will strategically prepare to help supply this demand. For further detailed information on Denarii Resources please refer to the companies web-site http://www.dnrrinfo.com.
About Denarii Resources Inc.
Denarii Resources Inc. engages in the exploration of mineral properties in North America. It currently owns interest in the McNab Molybdenum property, which consists of 2 mineral claims containing 16 cell claim units totaling an area of 334.809 hectares in British Columbia. The Company is actively seeking additional properties to acquire. The company was founded in 2006 and is based in Carson City, Nevada. The Company maintains a website at http://www.dnrrinfo.com.
Forward-Looking Statements
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Denarii Resources, Inc. please refer to its web site at www.dnrrinfo.com.