General Moly Inc. (GMO.TO) 1.20 $GMO.TO
General Moly Initiates Preliminary Economic Assessment on Liberty Starter Pit Project with Initial Copper Focus
Business Wire - Tue Apr 08, 7:30AM CDT
General Moly, Inc. (the "Company" or "General Moly"
(NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration, and mining company, announced the initiation of a NI 43-101 compliant Preliminary Economic Assessment ("PEA" on a starter pit project at the Company's wholly-owned molybdenum-copper Liberty Project located 20 miles north of Tonopah, Nevada.
General Moly to Attend the John Tumazos Very Independent Research Metals & Mining Conference
Business Wire - Wed Mar 26, 7:30AM CDT
General Moly, Inc. (the "Company" (NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, today announced that Chief Executive Officer Bruce D. Hansen will present at the John Tumazos Very Independent Research Metals & Mining Conference at 9:45am (ET) on March 31, 2014. The conference will take place in New York, NY.
General Moly Announces Fourth Quarter and Full Year 2013 Results
Business Wire - Wed Mar 12, 6:00AM CDT
General Moly, Inc. (the "Company" or "General Moly" (NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration, and mining company, announced its audited financial results for the fourth quarter and full year ended December 31, 2013. Net loss for the three months ending December 31, 2013 was $1.6 million ($0.02 per share), compared to a net loss of $2.0 million ($0.03 per share) for the prior year period. Net loss for the full year ending December 31, 2013 was $16.3 million ($0.18 per share), compared to a loss of $9.9 million ($0.11 per share) for the prior year period.
General Moly Announces Results of an Optional Mine Planning Scenario with Improved Economics for Mt. Hope Project, Should the Molybdenum Market See Sustained Lower Prices
Business Wire - Tue Feb 25, 4:00PM CST
General Moly, Inc. (the "Company" (NYSE MKT: GMO)(TSX: GMO), a U.S.-based molybdenum mineral development, exploration, and mining company, announced the results of an internal study for operating the Mt. Hope Project in Eureka County, Nevada. The study considered an optional scenario for operating the Mt. Hope Project in later years at a sustained lower price molybdenum environment, which provides improved project economics and demonstrates upside to our potential strategic partners engaged in due diligence.
General Moly Announces Filing of Updated NI 43-101 Technical Report for Mt. Hope Project
Business Wire - Thu Jan 16, 4:00PM CST
General Moly, Inc. (the "Company" (NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced that it has filed a technical report (the "Report" prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administration ("NI 43-101" for the Mt. Hope Project in Eureka County, Nevada. The Report, which provides detail to the disclosure contained in the Company's news release issued on December 5, 2013, may be found on the Company website or under the Company's profile at www.sedar.com. The Report was completed by M3 Engineering & Technology Corp. and Independent Mining Consultants Inc.
General Moly Announces Retirement of Directors from Its Board
Business Wire - Tue Dec 17, 7:30AM CST
General Moly, Inc. (the "Company" (NYSE MKT: GMO)(TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced that effective December 31, 2013, R. David Russell, Richard F. Nanna and Andrew G. Sharkey III, will retire from the General Moly Board of Directors. Director Russell has served on the Board since 2002, Director Nanna since 2003, and Director Sharkey since 2009.
General Moly Announces Third Quarter 2013 Results
Business Wire - Mon Nov 04, 7:30AM CST
General Moly, Inc. (the "Company" (NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced its unaudited financial results for the third quarter ended September 30, 2013. Net income for the three months ended September 30, 2013 was $2.6 million ($0.03 per share), compared to a net loss of $2.1 million ($0.02 per share) for the year ago period. The primary reason for the $2.6 million net income during the third quarter was the non-cash accounting treatment associated with the termination of the Securities Purchase Agreement ("Agreement" between the Company and Hanlong (USA) Mining ("Hanlong".
General Moly implements cost reduction programme during active pursuit of Mt Hope financing
M2 - Tue Sep 10, 7:46AM CDT
General Moly Inc (NYSE MKT:GMO) (TSX:GMO), a molybdenum mineral mining company, stated on Monday that it implemented a cost reduction programme to preserve liquidity and simultaneously pursue financing options for the Mt Hope Project.
General Moly Announces Implementation of Cost Reduction Program While Actively Pursuing Mt. Hope Financing
Business Wire - Mon Sep 09, 4:00PM CDT
General Moly, Inc. (the "Company" (NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced that it has implemented a cost reduction program to preserve liquidity while actively pursuing financing options for the Mt. Hope Project. The Company will continue to maintain its permits in good standing and preserve the capacity to rapidly restart engineering, procurement and construction at Mt. Hope after completing full project financing.
General Moly Announces Preliminary Injunction Motion Denied, Without Prejudice, Related to Mt. Hope Record of Decision Appeal
Business Wire - Mon Aug 26, 7:30AM CDT
General Moly, Inc. (the "Company" (NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced that on August 22, 2013 U.S. District Court Judge Robert C. Jones issued an Order denying, without prejudice, the Motion for Preliminary Injunction filed by Great Basin Resource Watch and the Western Shoshone Defense Project ("Plaintiffs" scheduled previously for oral argument on September 3, 2013. Prior to the Court's Order, the parties had filed a Joint Stipulation to Continue Preliminary Injunction Oral Argument, advising the Court that as a result of current economic conditions, including the Company's ongoing financing efforts, all major ground disturbing construction activities had ceased at the Mt. Hope Project. The parties agreed that upon the Company's decision to recommence significant ground-disturbing activities approved by the Record of Decision ("ROD" issued by the U.S Bureau of Land Management ("BLM", sixty days advance notice will be provided to Plaintiffs. The Court's Order permits Plaintiffs to refile their Motion for Preliminary Injunction at that time, or if the scope of minor ongoing approved site activities exceeds the stipulated agreement. The Complaint remains pending before the U.S. District Court.
General Moly and Hanlong (USA) terminate their purchase agreement
M2 - Thu Aug 22, 5:31AM CDT
General Moly Inc (NYSE MKT:GMO) (TSX:GMO), a molybdenum mineral development, exploration and mining company, revealed on Wednesday that the Securities Purchase Agreement (purchase agreement) with Hanlong (USA) Mining Investment Inc has been terminated.
General Moly Terminates Hanlong Agreement
Business Wire - Wed Aug 21, 4:00PM CDT
General Moly, Inc. (the "Company" (NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced that the Company and Hanlong (USA) Mining Investment, Inc. ("Hanlong" have terminated the parties' Securities Purchase Agreement ("Purchase Agreement". In addition, a related stockholder agreement with Hanlong terminated by its terms. The Purchase Agreement, entered into in March, 2010, provided the opportunity for Hanlong to purchase the Company's stock in two $40 million tranches. The first $40 million tranche stock purchase of 11.9 million shares was completed in December, 2010. A condition precedent for Hanlong to make the second $40 million tranche stock purchase was the obligation to deliver a $665 million Bank Loan to fund the construction of the Company's portion of the Mt. Hope Project through a Chinese bank. The Bank Loan was to be made available for initial drawdown within the time period of nine months following the Company obtaining the Record of Decision ("ROD" for the Mt. Hope Project from the U.S. Bureau of Land Management. The ROD was obtained on November 16, 2012; therefore the Bank Loan availability was due August 16, 2013.
General Moly to Participate in the Jefferies Global Industrials Conference and the Bank of America Merrill Lynch Canada Mining Conference
Business Wire - Fri Aug 09, 7:30AM CDT
General Moly, Inc. (the "Company" (NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced that Chief Executive Officer Bruce D. Hansen will present at the Jefferies Global Industrials Conference and Chief Financial Officer David A. Chaput will present at the Bank of America Merrill Lynch Canada Mining Conference:
General Moly Announces Second Quarter 2013 Results
Business Wire - Fri Aug 02, 7:30AM CDT
General Moly, Inc. (the "Company" (NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced its unaudited financial results for the second quarter ended June 30, 2013. Net loss for the three months ended June 30, 2013 was $14.3 million ($0.16 per share), compared to a loss of $2.7 million ($0.03 per share) for the year ago period. The primary reason for the $14.3 million net loss during the second quarter was an $11.5 million non-cash charge relating to the May 14, 2013 warrant cancellation associated with the mutually terminated $125 million subordinated debt agreement between the Company and Hanlong (USA) Mining ("Hanlong".
General Moly Announces Results of Annual Meeting
Business Wire - Fri Jun 14, 7:30AM CDT
General Moly, Inc. (the "Company" (NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced that it received approval for all proposals submitted to stockholders at its annual Meeting of Stockholders, which was held June 13, 2013 in Golden, Colorado.
General Moly to Attend the RBC Capital Markets' Global Mining & Materials Conference
Business Wire - Wed Jun 12, 6:00PM CDT
General Moly, Inc. (the "Company" (NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, today announced that Chief Executive Officer Bruce D. Hansen will participate in the RBC Capital Markets' Global Mining & Materials Conference on June 18, 2013. The conference will take place in Boston, MA.
General Moly Provides Finance Update
Business Wire - Wed May 15, 7:30AM CDT
General Moly, Inc. (the "Company" (NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, provided an update on finance activities.
General Moly signs agreement with Hanlong USA Mining to extend maturity date of USD10m bridge loan
M2 - Thu Apr 04, 5:44AM CDT
General Moly Inc (NYSE MKT:GMO) (TSX:GMO), a US molybdenum mineral mining company, signed an agreement with Hanlong (USA) Mining (Hanlong) to amend their bridge loan agreement with an extension to the maturity date of its outstanding USD10m bridge loan from 30 April 2013 to 16 November 2013.
General Moly Announces Financing Update
Business Wire - Wed Apr 03, 4:00PM CDT
General Moly, Inc. (the "Company" (NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced an agreement with Hanlong (USA) Mining ("Hanlong" to amend the parties' Bridge Loan Agreement extending the maturity date of its outstanding $10 million Bridge Loan to November 16, 2013 from April 30, 2013. The new maturity date corresponds to the deadline for Hanlong's obligation to procure the $665 million Chinese sourced Term Loan and is intended to provide General Moly with greater financial flexibility in the interim. Further, the parties agreed to the expiration of the second $10 million tranche of the original $20 million Bridge Loan Facility effective March 31, 2013.
General Moly declares suspension of work on USD665m Chinese sourced term Loan
M2 - Thu Mar 21, 5:13AM CDT
General Moly Inc (NYSE MKT:GMO) (TSX:GMO), molybdenum mineral development, exploration and mining company, stated on Wednesday that it has been informed by its legal counsel of the suspension of work on the USD665m Chinese sourced term loan under negotiation with China Development Bank (CDB) for development of the M Hope Project, until further notice.
General Moly Initiates Preliminary Economic Assessment on Liberty Starter Pit Project with Initial Copper Focus
Business Wire - Tue Apr 08, 7:30AM CDT
General Moly, Inc. (the "Company" or "General Moly"
(NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration, and mining company, announced the initiation of a NI 43-101 compliant Preliminary Economic Assessment ("PEA" on a starter pit project at the Company's wholly-owned molybdenum-copper Liberty Project located 20 miles north of Tonopah, Nevada. General Moly to Attend the John Tumazos Very Independent Research Metals & Mining Conference
Business Wire - Wed Mar 26, 7:30AM CDT
General Moly, Inc. (the "Company"
(NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, today announced that Chief Executive Officer Bruce D. Hansen will present at the John Tumazos Very Independent Research Metals & Mining Conference at 9:45am (ET) on March 31, 2014. The conference will take place in New York, NY. General Moly Announces Fourth Quarter and Full Year 2013 Results
Business Wire - Wed Mar 12, 6:00AM CDT
General Moly, Inc. (the "Company" or "General Moly"
(NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration, and mining company, announced its audited financial results for the fourth quarter and full year ended December 31, 2013. Net loss for the three months ending December 31, 2013 was $1.6 million ($0.02 per share), compared to a net loss of $2.0 million ($0.03 per share) for the prior year period. Net loss for the full year ending December 31, 2013 was $16.3 million ($0.18 per share), compared to a loss of $9.9 million ($0.11 per share) for the prior year period. General Moly Announces Results of an Optional Mine Planning Scenario with Improved Economics for Mt. Hope Project, Should the Molybdenum Market See Sustained Lower Prices
Business Wire - Tue Feb 25, 4:00PM CST
General Moly, Inc. (the "Company"
(NYSE MKT: GMO)(TSX: GMO), a U.S.-based molybdenum mineral development, exploration, and mining company, announced the results of an internal study for operating the Mt. Hope Project in Eureka County, Nevada. The study considered an optional scenario for operating the Mt. Hope Project in later years at a sustained lower price molybdenum environment, which provides improved project economics and demonstrates upside to our potential strategic partners engaged in due diligence. General Moly Announces Filing of Updated NI 43-101 Technical Report for Mt. Hope Project
Business Wire - Thu Jan 16, 4:00PM CST
General Moly, Inc. (the "Company"
(NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced that it has filed a technical report (the "Report" prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administration ("NI 43-101" for the Mt. Hope Project in Eureka County, Nevada. The Report, which provides detail to the disclosure contained in the Company's news release issued on December 5, 2013, may be found on the Company website or under the Company's profile at www.sedar.com. The Report was completed by M3 Engineering & Technology Corp. and Independent Mining Consultants Inc. General Moly Announces Retirement of Directors from Its Board
Business Wire - Tue Dec 17, 7:30AM CST
General Moly, Inc. (the "Company"
(NYSE MKT: GMO)(TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced that effective December 31, 2013, R. David Russell, Richard F. Nanna and Andrew G. Sharkey III, will retire from the General Moly Board of Directors. Director Russell has served on the Board since 2002, Director Nanna since 2003, and Director Sharkey since 2009. General Moly Announces Third Quarter 2013 Results
Business Wire - Mon Nov 04, 7:30AM CST
General Moly, Inc. (the "Company"
(NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced its unaudited financial results for the third quarter ended September 30, 2013. Net income for the three months ended September 30, 2013 was $2.6 million ($0.03 per share), compared to a net loss of $2.1 million ($0.02 per share) for the year ago period. The primary reason for the $2.6 million net income during the third quarter was the non-cash accounting treatment associated with the termination of the Securities Purchase Agreement ("Agreement" between the Company and Hanlong (USA) Mining ("Hanlong". General Moly implements cost reduction programme during active pursuit of Mt Hope financing
M2 - Tue Sep 10, 7:46AM CDT
General Moly Inc (NYSE MKT:GMO) (TSX:GMO), a molybdenum mineral mining company, stated on Monday that it implemented a cost reduction programme to preserve liquidity and simultaneously pursue financing options for the Mt Hope Project.
General Moly Announces Implementation of Cost Reduction Program While Actively Pursuing Mt. Hope Financing
Business Wire - Mon Sep 09, 4:00PM CDT
General Moly, Inc. (the "Company"
(NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced that it has implemented a cost reduction program to preserve liquidity while actively pursuing financing options for the Mt. Hope Project. The Company will continue to maintain its permits in good standing and preserve the capacity to rapidly restart engineering, procurement and construction at Mt. Hope after completing full project financing. General Moly Announces Preliminary Injunction Motion Denied, Without Prejudice, Related to Mt. Hope Record of Decision Appeal
Business Wire - Mon Aug 26, 7:30AM CDT
General Moly, Inc. (the "Company"
(NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced that on August 22, 2013 U.S. District Court Judge Robert C. Jones issued an Order denying, without prejudice, the Motion for Preliminary Injunction filed by Great Basin Resource Watch and the Western Shoshone Defense Project ("Plaintiffs" scheduled previously for oral argument on September 3, 2013. Prior to the Court's Order, the parties had filed a Joint Stipulation to Continue Preliminary Injunction Oral Argument, advising the Court that as a result of current economic conditions, including the Company's ongoing financing efforts, all major ground disturbing construction activities had ceased at the Mt. Hope Project. The parties agreed that upon the Company's decision to recommence significant ground-disturbing activities approved by the Record of Decision ("ROD" issued by the U.S Bureau of Land Management ("BLM", sixty days advance notice will be provided to Plaintiffs. The Court's Order permits Plaintiffs to refile their Motion for Preliminary Injunction at that time, or if the scope of minor ongoing approved site activities exceeds the stipulated agreement. The Complaint remains pending before the U.S. District Court. General Moly and Hanlong (USA) terminate their purchase agreement
M2 - Thu Aug 22, 5:31AM CDT
General Moly Inc (NYSE MKT:GMO) (TSX:GMO), a molybdenum mineral development, exploration and mining company, revealed on Wednesday that the Securities Purchase Agreement (purchase agreement) with Hanlong (USA) Mining Investment Inc has been terminated.
General Moly Terminates Hanlong Agreement
Business Wire - Wed Aug 21, 4:00PM CDT
General Moly, Inc. (the "Company"
(NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced that the Company and Hanlong (USA) Mining Investment, Inc. ("Hanlong" have terminated the parties' Securities Purchase Agreement ("Purchase Agreement". In addition, a related stockholder agreement with Hanlong terminated by its terms. The Purchase Agreement, entered into in March, 2010, provided the opportunity for Hanlong to purchase the Company's stock in two $40 million tranches. The first $40 million tranche stock purchase of 11.9 million shares was completed in December, 2010. A condition precedent for Hanlong to make the second $40 million tranche stock purchase was the obligation to deliver a $665 million Bank Loan to fund the construction of the Company's portion of the Mt. Hope Project through a Chinese bank. The Bank Loan was to be made available for initial drawdown within the time period of nine months following the Company obtaining the Record of Decision ("ROD" for the Mt. Hope Project from the U.S. Bureau of Land Management. The ROD was obtained on November 16, 2012; therefore the Bank Loan availability was due August 16, 2013. General Moly to Participate in the Jefferies Global Industrials Conference and the Bank of America Merrill Lynch Canada Mining Conference
Business Wire - Fri Aug 09, 7:30AM CDT
General Moly, Inc. (the "Company"
(NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced that Chief Executive Officer Bruce D. Hansen will present at the Jefferies Global Industrials Conference and Chief Financial Officer David A. Chaput will present at the Bank of America Merrill Lynch Canada Mining Conference: General Moly Announces Second Quarter 2013 Results
Business Wire - Fri Aug 02, 7:30AM CDT
General Moly, Inc. (the "Company"
(NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced its unaudited financial results for the second quarter ended June 30, 2013. Net loss for the three months ended June 30, 2013 was $14.3 million ($0.16 per share), compared to a loss of $2.7 million ($0.03 per share) for the year ago period. The primary reason for the $14.3 million net loss during the second quarter was an $11.5 million non-cash charge relating to the May 14, 2013 warrant cancellation associated with the mutually terminated $125 million subordinated debt agreement between the Company and Hanlong (USA) Mining ("Hanlong". General Moly Announces Results of Annual Meeting
Business Wire - Fri Jun 14, 7:30AM CDT
General Moly, Inc. (the "Company"
(NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced that it received approval for all proposals submitted to stockholders at its annual Meeting of Stockholders, which was held June 13, 2013 in Golden, Colorado. General Moly to Attend the RBC Capital Markets' Global Mining & Materials Conference
Business Wire - Wed Jun 12, 6:00PM CDT
General Moly, Inc. (the "Company"
(NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, today announced that Chief Executive Officer Bruce D. Hansen will participate in the RBC Capital Markets' Global Mining & Materials Conference on June 18, 2013. The conference will take place in Boston, MA. General Moly Provides Finance Update
Business Wire - Wed May 15, 7:30AM CDT
General Moly, Inc. (the "Company"
(NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, provided an update on finance activities. General Moly signs agreement with Hanlong USA Mining to extend maturity date of USD10m bridge loan
M2 - Thu Apr 04, 5:44AM CDT
General Moly Inc (NYSE MKT:GMO) (TSX:GMO), a US molybdenum mineral mining company, signed an agreement with Hanlong (USA) Mining (Hanlong) to amend their bridge loan agreement with an extension to the maturity date of its outstanding USD10m bridge loan from 30 April 2013 to 16 November 2013.
General Moly Announces Financing Update
Business Wire - Wed Apr 03, 4:00PM CDT
General Moly, Inc. (the "Company"
(NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced an agreement with Hanlong (USA) Mining ("Hanlong" to amend the parties' Bridge Loan Agreement extending the maturity date of its outstanding $10 million Bridge Loan to November 16, 2013 from April 30, 2013. The new maturity date corresponds to the deadline for Hanlong's obligation to procure the $665 million Chinese sourced Term Loan and is intended to provide General Moly with greater financial flexibility in the interim. Further, the parties agreed to the expiration of the second $10 million tranche of the original $20 million Bridge Loan Facility effective March 31, 2013. General Moly declares suspension of work on USD665m Chinese sourced term Loan
M2 - Thu Mar 21, 5:13AM CDT
General Moly Inc (NYSE MKT:GMO) (TSX:GMO), molybdenum mineral development, exploration and mining company, stated on Wednesday that it has been informed by its legal counsel of the suspension of work on the USD665m Chinese sourced term loan under negotiation with China Development Bank (CDB) for development of the M Hope Project, until further notice.
