GENERAL MOLY
APPOINTS ANDREW G. SHARKEY TO BOARD OF DIRECTORS
LAKEWOOD, COLORADO - February 5, 2009, General Moly (NYSE Alternext and TSX:
GMO) announced that Andrew G. Sharkey has been appointed to the Board of
Directors. Mr. Sharkey will serve on the Governance and Nominating and
the Compensation committees.
Mr. Sharkey recently
retired as the President and Chief Executive Officer of the American Iron and
Steel Institute (AISI), a position he has held since 1993, where he was awarded
the prestigious Gary Memorial Medal for his contributions to the Institute and
the North American steel industry. AISI member companies represent over
75% of raw steel produced in North America and the Institute focuses on
industry representation in key public policy issues, market development,
sharing best practices, and collaborative R&D. He previously served
in various roles including President of the Steel Service Center
Institute (now Metals Service Center Institute) from
1978-1993.
Mr. Sharkey is a graduate
of Yale University and earned a M.A.T. from Duquense
University. He also currently serves as a Director of the Reliance Steel
and Aluminum Company, the largest metals service center in the United States with over 200 locations.
Bruce D. Hansen, Chief
Executive Officer, said, "I am very pleased to welcome Andrew Sharkey to
General Moly as a Director. Andrew adds
tremendous insights into our principle customer base along with his
understanding of national policy issues. We continue to strengthen our
board with a diverse group of executives from around the mining and metals
industries, which will be a great asset as we move the Company through its
development and financing phases."
* * * *
General Moly
is a U.S.-based molybdenum mineral development, exploration and mining company
listed on the NYSE Alternext (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 AT generalmoly.com
Business Development - Greg
McClain
(303)
928-8601
gmcclain AT 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-KSB, as the same are amended
from time to time, on file with the SEC. The Company undertakes no obligation
to update forward-looking statements.
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