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Any clue on why CMCXF is trading on the grey market? It is on Sedar.



http://www.cmcmetals.ca/i/pdf/CorporatePresentation.pdf

CMC METALS LTD.
Suite 605 – 369 Terminal Avenue
Vancouver, B.C. V6A 4C4
Phone [phone] / Fax [phone]
Email: [e-mail] / Website: www.cmcmetals.ca
NEWS RELEASE
TSX-V: CMB July 11, 2012
PK: CMCXF

Bishop Facility Update
Vancouver, B.C.: CMC Metals Ltd. (the “Company”) is pleased to provide an update on the Bishop Facilities Amended Plan of Operation. The Company has received a schedule from the Bureau of Land Management (BLM) Bishop Office, stating that the schedule they are following will provide the Decision Document on the
Plan of Operations by the end of September. Following receipt of the Decision Document, the Company can commence the construction of the tailings impoundment, and commission the facilities that have been in suspension while Water License and Amended Plan of Operations was being reviewed and approved. Although the facilities had a NEPA performed and accepted, the BLM felt that the reconstruction of the tailings impoundment to a higher environmental standard was a significant change that required the NEPA to be reevaluated. The BLM review of the NEPA is scheduled to be completed by early September, 2012. Once the Decision Document is received, the construction and commissioning period would take an additional two months.
The State of California Lahontan Water Board is the leading agency for the project and has provided approval of the project as of July 13th, 2011, plus providing a Negative Declaration, stating that “The Project will not have a significant effect on the environment.” In short, the Company is confident in having the Amended Plan of Operation accepted by the BLM.

Therefore, the Bishop facilities should be in a position to be fully operational before year end.
Furthermore, the Company is pleased to announce that it is in negotiations for direct ship ores from the Radcliff Mine. Currently the operation is conducting underground development of the main haulage drift and sub-level. As the development work continues, the ore produced will be suitable for direct ship ores. Until the run-of-mine ore has been crushed, epresentatively sampled and weighted by a certified scale, the tonnage and grade will then be reported.
In compliance with NI 43-101, Don Wedman, P.Eng., President and Chief Executive Officer of the Company, is the Qualified Person who prepared or supervised the preparation of the technical information presented in this news release.
This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.
On behalf of the Board:
“Donald W. Wedman”
Donald W. Wedman, P.Eng.
CMC METALS LTD.
For further information on the Company, please contact Mr. Gord Zelko, VP Business Relations at MineralStocks Consulting. Telephone: [phone], or Email: [e-mail].
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

http://www.sedar.com/CheckCode.do;jsessionid=00002FqVVKB_BjCLBjXH3r_db2l:-1