GENERAL MOLY ANNOUNCES MILESTONE FOR MT. HOPE ENVIRONMENTAL IMPACT STATEMENT
LAKEWOOD, COLORADO � April 12, 2011, General Moly (NYSE Amex and TSX: GMO) announced that on Monday, April 11, 2011, the Bureau of Land Management (BLM) circulated the second draft of the Mt. Hope project's Preliminary Draft Environmental Impact Statement (PDEIS) to cooperating agencies. Cooperating agencies will review the second draft of the PDEIS and provide comments to the BLM, which will form the basis of the Draft Environmental Impact Statement (DEIS).
Following receipt of submitted comments, the BLM and its independent contractor will evaluate comments and move forward with production of the DEIS. The comment and review process is anticipated to take three to four weeks. The Company continues to anticipate completion of the DEIS in the second quarter and publication of the DEIS in the Federal Register in the second or third quarter of this year.
Bruce D. Hansen, Chief Executive Officer, said, �We are pleased the BLM has circulated the PDEIS for a second round of cooperating agency reviews. This progress is important in that all comments from the first draft of the PDEIS have been evaluated and incorporated as appropriate into this document, along with additional requested analysis, in a manner acceptable to the BLM. We will continue to drive this process forward as quickly as we are able.�
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General Moly is a U.S.-based molybdenum mineral development, exploration and mining company listed on the NYSE Amex (formerly the American Stock Exchange) and the Toronto Stock Exchange under the symbol GMO. Our primary asset, our interest in the Mt. Hope project located in central Nevada, is considered one of the world's largest and highest grade molybdenum deposits. Combined with our second molybdenum property, the Liberty project that is also located in central Nevada, our goal is to become the largest primary molybdenum producer by the middle of the decade. For more information on the Company, please visit our website at http://www.generalmoly.com.
Contact Information � General Moly:
Investors � Seth Foreman (303) 928-8591 sforeman@generalmoly.com
Media � Zach Spencer (775) 748-6059 zspencer@generalmoly.com
Website: http://www.generalmoly.com info@generalmoly.com
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CODE : GMO |
ISIN : US3703731022 |
CUSIP : 451272306 |
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General Moly is a molybdenum development stage company based in United states of america. Its main assets in development are MOUNT HOPE and LIBERTY in USA. General Moly is listed in Canada and in United States of America. Its market capitalisation is US$ 16.4 millions as of today (€ 13.6 millions). Its stock quote reached its highest recent level on November 23, 2007 at US$ 9.90, and its lowest recent point on August 28, 2020 at US$ 0.10. General Moly has 125 802 023 shares outstanding. |