LAKEWOOD, COLORADO
– June 18, 2009, General Moly Inc. (NYSE AMEX and TSX: GMO) announced that it received approval for all proposals
submitted to stockholders at its Annual Meeting of Stockholders, which was held
June 18, 2009 in Golden, Colorado.
Stockholders supported the re-election of Ricardo M. Campoy, R. David
Russell, and Andrew G. Sharkey, III to the Board of Directors, who will serve
for a term of three years. Stockholders also supported the ratification
of PricewaterhouseCoopers LLP as the Company’s independent registered public
accounting firm.
Separately, effective June 18, 2009, Mr. Lee M. Shumway was appointed by
the Board of Directors to Controller and Treasurer and assumed the duties of
principal accounting officer of the Company. Mr. Shumway has acted as
Controller of the Company since May 2009. Mr. Shumway joined the Company
in November 2007 as Director of Business Process and Information Technology,
responsible for supply chain management and information technology. From
2002 to November 2007, he served as Director of Supply Chain – Nevada
Operations for Newmont Mining Corporation. Prior to joining Newmont, Mr.
Shumway had more than 15 years of experience with Santa Fe Pacific Gold and
Price Waterhouse.
* * * *
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 next 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
Business Development – Greg
McClain
(303)
928-8601
gmcclain@generalmoly.com
Website: http://www.generalmoly.com
info@generalmoly.com
Forward-Looking Statements
Statements herein that are not historical facts are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, and involve a number of risks and
uncertainties that could cause actual results to differ materially from those
projected, anticipated, expected or implied. These risks and uncertainties
include, but are not limited to, the Company's ability to obtain required
permits to commence production and its ability to raise required financing,
metals price and production volatility, exploration risks and results, and
project development risks. For a detailed discussion of risks and other factors that
may impact these forward looking statements please refer to the Risk Factors
and other discussion contained in the Company's quarterly and annual periodic
reports on Forms 10-Q and 10-K, as the same are amended from time to time, on
file with the SEC. The Company undertakes no obligation to update
forward-looking statements.