Thompson Creek Metals Inc. | Company Profile

About The Company

Thompson Creek Metals Company Inc. is one of the largest publicly traded, pure molybdenum producers in the world. The Company owns the Thompson Creek open-pit molybdenum mine and mill in Idaho, a metallurgical roasting facility in Langeloth, Pennsylvania and a 75% share of the Endako open-pit mine, mill and roasting facility in northern British Columbia. Thompson Creek is also developing two high-grade underground molybdenum deposits, the Davidson Deposit near Smithers, B.C., and the Mt. Emmons Deposit near Crested Butte, Colorado. The Company has approximately 800 employees. Its principal executive office is in Denver, Colorado, and it has other executive offices in Toronto, Ontario and Vancouver, British Columbia.

The Projects

Thompson Creek Mine ( located in Challis, Idaho)

Open-pit mine with 10-year mine life based on proven and probable reserves

The Thompson Creek Mine has produced molybdenum concentrate since 1983. Most of the concentrate is currently shipped by truck to the Company's Langeloth Metallurgical Facility for further processing.

The mine has an estimated minimum 10-year mine life based upon proven and probable mineral reserves (see tables below for detailed mineral resources and mineral reserves estimates) as estimated as of September 30, 2007.

The new reserves estimate represents the first of a two-part reserves re-evaluation of Thompson Creek Mine's potential and will be followed up with additional drilling that is expected to lead to a second revision of the reserves estimate in 2008.

The first part of the reserves estimate evaluates the existing pit and previous drilling results on the basis of a molybdenum price of US$10 per pound and updated costs, compared to the previous evaluation at a US$5 per pound price. Most of the previous drilling, done 25 years ago, stopped at the level of 6,000 feet above sea level. The mine owners at the time had enough information to justify production and chose not to drill any deeper. Preliminary indications suggest the deposit continues below the 6,000-foot level. In order to confirm the continuity of the deposit, the Company is engaged in exploration drilling at the bottom of the pit. The Company also intends to carry out some drilling activity outside of the pit to determine the extent of resources on the land it owns around the pit.

Endako Mine ( Fraser Lake, B.C. )

The Endako Mine has produced molybdenum for more than 40 years. It includes three open pits, a mill and a roasting facility, and is operated as a joint venture with Thompson Creek having a 75% interest and Japan-based Sojitz Corporation having a 25% interest.

Further Projects

- The Davidson Project | Langeloth Metallurgical Facility | Mount Emmons Project | -

Share Structure

About Molybdenum

What is Molybdenum?

• Element 42 (symbol Mo) on the periodic table
• Very high melting point (2,610 degrees C)
• Usually occurs in ore bodies as Molybdenite (MoS2)
• Mined by itself or with other metals such as copper
• Milling converts ore into molybdenum concentrate
• Concentrate roasted at 600 degrees C to remove sulfur
• Final product is technical grade molybdenum oxide
• 'Tech oxide' sold as powder or briquettes
• Sometimes combined with iron to form FeMo (ferromolybdenum)
• Prices quoted are for contained Mo
• Largest producers are USA, China and Chile

Main Uses for Molybdenum

• Strengthens steel
• Powerful anti-corrosive in steel
• Improves weldability
• Reduces brittleness, stress-cracking
• Helps steel perform in very high or low temperatures
• Small amounts added to steel can reduce total tonnage needed
• Key ingredient in high-end stainless steel (ex. 316, duplex)
• 316 stainless generally has 2-3% Mo by weight
• Mo content in duplex steel ranges from 0.6% to 4.8% by weight
• Mo-bearing pipeline steel has up to 0.5% Mo by weight
• Mo catalysts used by refineries to reduce sulfur in gasoline and diesel

For more detailed information about the projects and the company in general, please visit the website of Thompson Creek Metals!

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