The chemical compatibility of ZrC and Mo was investigated in carburizing and carbon‐free environments at temperatures from 1700° to 2200°C. Heating in the carburizing atmosphere resulted in the complete reaction of Mo with C, while the carbon‐free atmosphere resulted in retained metallic phase with a maximum of 13.8 mol% Mo2C formed. The presence of Mo2C was not detected at 2100°C in the carbon‐free atmosphere, confirming the existing phase equilibria in the Zr–Mo–C system. Heat treatments in the carbon‐free atmosphere also showed liquid formation at 2200°C, as evident from microstructure analysis. Liquid formation was consistent with the interaction between Mo and Mo2C. The liquid was found to comprise at least 7 vol% of the total component, based on a phase diagram for the Mo–C system. The formation of a liquid should allow for the processing of ZrC–Mo cermets by liquid‐phase pressureless sintering.