General Moly, Inc. engages in the exploration, development and mining of properties primarily containing molybdenum. Properties Mt. Hope Project The company’s primary asset is an 80% interest in the Mt. Hope Project, a primary molybdenum property, located in Eureka County, Nevada. The Mt. Hope Project contains proven and probable molybdenum reserves totaling 1.4 billion pounds (1.1 billion pounds owned by the company) of which 1.2 billion pounds (1.0 billion pounds owned by the company) are estimated to be recoverable. The Mt. Hope Project consists of 13 patented lode claims and 1 millsite claim, which are owned by Mount Hope Mines, Inc. (MHMI) and leased to Eureka Moly, LLC (LLC); and 1,521 unpatented lode claims, including 109 unpatented lode claims owned by MHMI and leased to the LLC and 1,412 unpatented lode claims owned by the LLC. Liberty Project The company wholly owns a molybdenum and copper project, the Liberty Project, an approximately 10 square mile property in Nye County, Nevada, including water rights, mineral and surface rights, buildings and certain equipment. The Liberty Project is considered to be a follow-on project to the Mt. Hope Project that the company intends to actively pursue following development of the Mt. Hope Project, dependent on market conditions at that time. Other Mining Properties The company also has mining claims and land, which consist in part of approximately 107 acres of fee simple land in the Little Pine Creek area of Shoshone County, Idaho; 6 patented mining claims known as the Chicago-London group, located near the town of Murray in Shoshone County, Idaho; 34 unpatented mining claims in Marion County, Oregon, known as the Detroit property; and 83 unpatented mining claims in Sanders and Madison County, Montana. Strategy The company’s strategy is to acquire and develop highly profitable advanced stage mineral deposits. History General Moly, Inc., a Delaware corporation, was incorporated in 1925.
general moly inc (GMO:NYSE Amex)
1726 Cole Boulevard
Lakewood, CO 80401
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