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February 25, 2013
17:49 EDTGMOGeneral Moly discloses company's Mt. Hope project to face permit challenge
General Moly disclosed in a regulatory filing that on February 15, Great Basin Resource Watch and the Western Shoshone Defense Project filed a complaint against the Bureau of Land Management in the U.S. District Court, District of Nevada, seeking relief under National Environmental Policy Act and other federal laws challenging the BLMís issuance of the record of decision for the Mt. Hope project. The plaintiffs filed a motion for a preliminary injunction on February 20 and there is no hearing date set for the motion. The company has not been named as a defendant in the suit but will closely monitor the litigation and at the appropriate time will seek to intervene in the suit. While General Moly believes Great Basin Resource Watch and the Western Shoshone Defense Projectís position is without merit, it cannot reasonably predict the final outcome of this complaint, and an unfavorable outcome could result in additional conditions on operations that could have a material adverse effect on the companyís financial position or results of operations.
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July 25, 2014
08:04 EDTGMOGeneral Moly announces court order confirming BLM ROD project approval
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July 24, 2014
17:34 EDTGMOGeneral Moly updates Pre-Feasibility Study for Liberty Project
General Moly completed an updated Pre-Feasibility Study for its 100%-owned Liberty Project located 20 miles north of Tonopah, Nevada. Total capital costs to construct the project are estimated at $366M. Sustaining capital costs are estimated at $224M over the Liberty Projectís 32 year life of mine. For the first five full years of production: annual salable production of approximately 14.0M pounds of molybdenum and 7.5M pounds of copper per year is expected; average on-site cash costs of $6.32 per pound are expected; and total cash costs of $7.79 per pound are expected. The updated mine plan results in a total of 402M pounds of molybdenum and 308M pounds of copper to be produced during the LOM. The Liberty Project generates an after tax net present value at an 8% discount rate of $325M, and an internal rate of return of 17.4%.

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