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Stock Market & Financial Investment News

News Breaks
February 19, 2013
08:35 EDTGMOGeneral Moly provides update about the Mt. Hope Project
General Moly provided an update to the Mt. Hope Project's financing and development. Early construction activities are progressing as planned at the Mt. Hope project site including cultural clearance, clearing and grubbing, wood harvesting, and the development of wells and water pipelines. Kautz Environmental Consultants has completed field mitigation activities for all 32 cultural sites identified in the Phase I Cultural Mitigation of the initial construction program. Official releases from the Bureau of Land Management and the State Historical Preservation Office have been obtained for 20 of the 32 cultural sites. Ames Construction has cleared and grubbed over 625 acres and is planning for the construction of the administrative office and mill site areas as well as clearing the water pipeline corridor in preparation for developing the well field and water distribution system to support heavy construction activities.
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June 29, 2015
08:04 EDTGMOGeneral Moly reaches electricity services agreement for Mt. Hope project
General Moly announced an agreement to terminate the existing third-party transmission contracts to provide power to the Mt. Hope Project in favor of a future arrangement for transmission under the providerís network services agreement. With the agreement, Eureka Moly, of which General Moly is an 80% member, will receive a return of approximately $7.9M net of termination costs, expenses and consideration to the transmission providers.

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