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Welcome to our comprehensive profile on AAA Energy, Inc.
(OTCBB: AAAE)
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OVERVIEW
The Company
AAA Energy, Inc. engages in the acquisition and exploration of resource properties in Canada. It has an option to acquire 100% interest in Salal Creek mineral property, which comprises one mineral claim located in the Lillooet Mining Division in the Province of British Columbia. The company was founded in 2004 and is based in Reno, Nevada.
AAA Energy Inc. is a diversified mineral and natural resource company focused on discoveries in emerging energy frontiers and resource horizons. The Company’s focus in the natural resource arena is premised on securing and developing a vast portfolio of natural resource properties in new emerging markets and under-developed resource horizons. AAA Energy is poised and is positioning itself strategically in its first target market, the People’s Republic of China.
AAA Energy is an exciting, highly aggressive mining co. from the US. They are focused on exploring, developing and producing raw materials from the Peoples Republic of China. AAA Energy management is focused on the strategic commodity molybdenum, better know as moly. Through AAA Energy's management the company has forged many valuable partnerships and business alliances with leaders in the country and business community of China. This is very important to note because it is very difficult for foreign companies to establish mining projects in China unless they have an existing relationship with the Chinese government and clearance as well as an established a relationship with a Chinese company. AAA Energy is poised to capture this massive potential in the near future and is eager to become a large producer of the strategic metal moly.
Mission Statement
“A young and aggressive Mining Company in China, determined to build on producing a number of Molybdenum mines to become one of the world’s leaders in moly production.”
What is Moly?
The US Geological Survey describes moly as such:
"Molybdenum (Mo) is a refractory metallic element used principally as an alloying agent in steel, cast iron, and superalloys to enhance hardenability, strength, toughness, and wear and corrosion resistance. To achieve desired metallurgical properties, molybdenum, primarily in the form of molybdic oxide or ferromolybdenum, is frequently used in combination with or added to chromium, columbium (niobium), manganese, nickel, tungsten, or other alloy metals. The versatility of molybdenum in enhancing a variety of alloy properties has ensured it a significant role in contemporary industrial technology, which increasingly requires materials that are serviceable under high stress, expanded temperature ranges, and highly corrosive environments. Moreover, molybdenum finds significant usage as a refractory metal in numerous chemical applications, including catalysts, lubricants, and pigments. Few of molybdenum's uses have acceptable substitutions."
Wedged below chromium and above tungsten in the periodic table, molybdenum has at least one claim to fame in that it is arguably the hardest element name to pronounce. There is a certain irony, as it is for its hardness that molybdenum is also revered. But to save embarrassment, most in the molybdenum market refer to it as "moly".
Why they like Moly?
The surge in the moly price largely coincided with movements in steel prices during the period. It was at the time of the amazing expansion of the Chinese steel industry which also saw the price of iron ore make a significant step-jump. Around the globe moly is produced mainly as a by-product of copper mining, although the Chinese have previously mined for moly specifically. At the time of increased demand, environmentally destructive moly mines were being forced to close in China, which only served to exacerbate the price movement. |
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