TRADING SYMBOL: TSXV - ML
VANCOUVER, Aug. 19 /PRNewswire-FirstCall/ - Mercator Minerals Ltd.
announced today that its common shares will be listed and commence trading on
the Toronto Stock Exchange ("TSX") at the opening on Monday August 22, 2005.
Mercator's shares will trade under the symbol "ML".
Concurrent with its move to the TSX, Mercator's shares will be de-listed
from the TSX Venture Exchange, and all of the remaining shares currently
subject to the TSX Venture Exchange escrow agreement dated June 24, 2003 will
be released from escrow.
"We are pleased to take this important step and commence trading on the
TSX, widely recognized as the world's leading mining stock exchange," stated
Michael L. Surratt, President and Chief Executive Officer of Mercator. "The
increased exposure for our shareholders through the international profile of
the TSX should further our objective of maximizing shareholder value. Our
listing on the TSX is reflective of Mercator's rising profile in the
investment community as an expanding producer of copper metal today through
our 100% owned Mineral Park copper mine."
Mercator
Mercator Minerals is a copper mining company that owns and operates the
Mineral Park SX/EW Copper Mine in Arizona, with a corporate strategy focused
on maximizing the production potential of the Mineral Park copper-molybdenum
deposit. Mercator is currently completing the first of a three phase expansion
of its SX/EW copper production at Mineral Park that could see cathode copper
production steadily increase from its current annualized rate of 7 million
pounds of copper per year to 30 million pounds per year within two years. In
parallel with this expansion, Mercator is conducting a feasibility study to
evaluate the economics of resuming production of copper and molybdenum
concentrates from the substantial resources at Mineral Park. To accelerate
this latter production option and reduce costs, Mercator recently purchased a
20,000 ton per day process plant, as detailed in a news release dated July 20,
2005.
On Behalf of the Board of Directors
MERCATOR MINERALS LTD.
Per: "Michael L. Surratt"
Michael L. Surratt,
President
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this Release.
Certain information regarding the Company contained herein may constitute
forward-looking statements under applicable securities laws. Such statements
are subject to known or unknown risks and uncertainties that may cause actual
results to differ materially from those anticipated or implied in the
forward-looking statements.
For further information, please contact: Marc LeBlanc, Corporate
Secretary, Tel: (604) 716-5582, Fax: (604) 960-9661, Email:
mleblanc@mercatorminerals.com
SOURCE Mercator Minerals, Ltd.
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CONTACT:
Marc LeBlanc, Corporate Secretary, Tel: (604)
716-5582, Fax: (604) 960-9661, Email:
mleblanc@mercatorminerals.com
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