general moly inc (GMO) Key Developments
General Moly, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 4 15
General Moly, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported loss from operations of $3,103,000 against $2,359,000 a year ago. Loss before income taxes was $3,784,000 against $2,359,000 a year ago. Net loss attributable to the company was $3,774,000 or $0.04 basic and diluted per share against $2,359,000 or $0.03 basic and diluted per share a year ago. Net cash used in operating activities was $3,958,000 against $1,585,000 a year ago. Purchase and development of mining properties, land and water rights was $1,369,000 against $2,890,000 a year ago. Deposits on property, plant and equipment were $8,898,000 against $192,000 a year ago.
AMER International Group to Work with General Moly to Support a Senior Secured Term Loan of Approximately $700 Million
Apr 17 15
AMER International Group has agreed to work with General Moly to procure and support a senior secured term loan of approximately $700 million from a major Chinese bank or banks for development of the Mt. Hope Project.
General Moly, Inc. Reports Audited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Mar 11 15
General Moly, Inc. reported audited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net loss of USD 2.5 million or USD 0.02 per share, compared to a net loss of USD 1.6 million or USD 0.02 per share for the prior year period.
For the year, the company reported loss from operations of USD 10.969 million compared to USD 9.757 million a year ago. Loss before income taxes was USD 10.998 million compared to USD 16.304 million a year ago. Net loss was USD 10.998 million compared to USD 16.304 million a year ago. Net loss attributable to the company was USD 10.960 million or USD 0.12 per share compared to USD 16.304 million or USD 0.18 per share a year ago. Net cash used by operating activities was USD 8.691 million compared to USD 15.560 million a year ago. Purchase and development of mining properties, land and water rights was USD 9.510 million compared to USD 35.280 million a year ago.
General Moly, Inc. to Report Q4, 2014 Results on Mar 09, 2015
Mar 5 15
General Moly, Inc. announced that they will report Q4, 2014 results on Mar 09, 2015
General Moly, Inc. Amends its Amended and Restated Bylaws
Feb 10 15
On February 6, 2015, the Board of Directors of General Moly, Inc. adopted an amendment to the company's Amended and Restated Bylaws, effective on that date. The amendment, and a copy of the full Bylaws as so amended, are included as Exhibits 3.1 and 3.2, respectively, to this Current Report on Form 8-K and are incorporated by reference herein. Article III of the Bylaws has been amended to add a new Section 3.12 allowing the Board, by affirmative vote of a majority of the directors, to grant a leave of absence to a director for a specified period of time that shall not exceed six months. The amendment gives the Compensation Committee discretion to determine appropriate adjustments to compensation and stock awards with respect to any director granted a leave of absence.