Moon River Moly Announces Robust Updated Positive Preliminary Economic Assessment of Davidson Molybdenum-Copper-Tungsten Project Demonstrating Improved Economics

HIGHLIGHTS: Pre-tax net present value ("NPV") of $1.747 billion and Internal Rate of Return ("IRR") of 42% and an after-tax NPV of$ 1.034 billion and IRR of 32% at an 8% discount rate, assuming long-term prices of US $49.59 per kilogram ("kg") or US$ 22.50 per pound ("lb") of molybdenum ("Mo"); US $8.93 per kg or US$ 4.06 per lb. of copper ("Cu") and US $300 per metric tonne unit ("MTU") or US$ 13.60 per lb of tungsten ("W"); and a CAD:US dollar exchange rate of $0.74;20-year mine life based on 10,000 tonnes of ...