general moly inc (GMO) Key Developments
General Moly, Inc. Approves Amendments to Certificate of Incorporation
Jun 30 15
General Moly, Inc. at its AGM held on June 30, 2015, approved the amendment to the company's certificate of to increase the authorized common stock, both in conjunction with the Investment and Security Purchase Agreement with AMER International Group announced in April 2015. Stockholders also approved an amendment to General Moly's certificate of incorporation providing the Board of Directors the flexibility to effect a reverse stock split of the Company's common stock.
General Moly, Inc. Announces Retirement of Patrick M. James from Board of Directors
May 27 15
General Moly, Inc. announced that effective May 25, 2015, Patrick M. James retired from the company's Board of Directors. Mr. James has been on an approved leave of absence, for personal reasons, since February 6, 2015. Mr. James has served as Chairman since he joined the Board in 2010. Ricardo M. Campoy, who has served as the company’s Lead Director and interim Chairman during Mr. James’ leave of absence will continue in that role until the Board takes further action.
General Moly, Inc., Annual General Meeting, Jun 30, 2015
May 11 15
General Moly, Inc., Annual General Meeting, Jun 30, 2015., at 09:00 US Mountain Standard Time. Location: Marriott Denver West, 1717 Denver West Boulevard. Agenda: To elect one Class II member to the Board of Directors to serve until the 2018 Annual Meeting of Stockholders; to hold an advisory vote to approve executive compensation; to ratify the selection of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year 2015; to approve of the issuance of shares of common stock and warrants that together represent more than 20% of outstanding common stock, issued at a discount to the greater of book or market value of common stock; to approve of an amendment to the company's Certificate of Incorporation to increase the authorized common stock; to approve of an amendment to the company's Certificate of Incorporation to provide the Board of Directors the flexibility to effect a reverse stock split of the company's common stock; and to act on such other matters as may properly come before the meeting or any adjournment thereof.
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.