TORONTO – Blue Pearl Mining has changed its name to THOMPSON CREEK METALS COMPANY. On May 15, 2007, the companys common shares and warrants began trading on the Toronto Stock Exchange under the new symbols TCM and TCM.WT.
Two new directors are joining the company. James P. Geyer, senior VP of Gold Reserves Inc, and Timothy J. Haddon, president and CEO of International Natural Resource Management Co., have been elected to the board.
In October 2006, Blue Pearl purchased the Thompson Creek open-pit molybdenum mine and mill in Idaho, a 75% share of the Endako open pit mine, mill and roasting facility in northern British Columbia, and a metallurgical roasting facility in Langeloth, Pennsylvania. The company expects to produce 21 million lb of moly from its two mines in 2007. That rate will be increased to 27 million lb in 2008 and 29 million lb in 2009.
Thompson Creek is also developing the Davidson high-grade underground molybdenum project near Smithers, B.C. Production from this source will further increase the companys production beyond the 29-million-lb threshold.
Thompson Creek has more than 700 employees. Its head office is in Toronto, Ont. It also has executive offices in Denver, Colo. (including sales and marketing) and Vancouver, B.C. More information is available at www.ThompsonCreekMetals.com.