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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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