News & Videos - GENERAL MOLY INC.

LAKEWOOD, CO / ACCESSWIRE / November 18, 2020 / General Moly, Inc. (the "Company") (TSX:GMO), the only western-exchange listed, pure-play molybdenum mineral development company, today announced that the Company and its U.S. subsidiaries filed for voluntary protection under Chapter 11 ("Chapter 11") of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Colorado (the "Bankruptcy Court") to pursue a financial and operational reorganization designed to allow the...

LAKEWOOD, CO / ACCESSWIRE / October 1, 2020 / General Moly, Inc. (the "Company") (TSX:GMO), the only western-exchange listed, pure-play molybdenum mineral development company, today announced that the staff of NYSE Regulation has determined to commence proceedings to delist the Company's common stock from the NYSE American Exchange. Trading in the Company's common stock has been suspended. As previously announced, the Company is currently below compliance with the $2 million, $4 million, and $6...

LAKEWOOD, CO / ACCESSWIRE / September 4, 2020 / General Moly, Inc. (the "Company") (NYSE American:GMO)(TSX:GMO), the only western-exchange listed, pure-play molybdenum mineral development company, today announced that on August 31, 2020, it received a deficiency letter ("Letter") from the NYSE American stock exchange (the "Exchange") indicating that the Company is below compliance with Section 1003(a)(i) (requiring stockholders' equity of $2.0 million or more if it has reported losses from...

LAKEWOOD, CO / ACCESSWIRE / September 3, 2020 / General Moly, Inc. (the "Company") (NYSE American:GMO)(TSX:GMO), the only western-exchange listed, pure-play molybdenum mineral development company, today announced that on September 1, 2020, it entered into a binding letter of intent with Pathfinder Minerals LLC, a Nevada corporation ("Pathfinder"), for the sale by the Company of Liberty Moly LLC and all assets owned by the Company that constitute the Liberty Project. Pathfinder paid the Company...

LAKEWOOD, CO / ACCESSWIRE / August 19, 2020 / General Moly, Inc. (the "Company" or "General Moly") (NYSE AMERICAN and TSX: GMO), the only western-exchange listed, pure-play molybdenum ("moly") development company, announced its financial results for the second quarter of 2020 ("2Q 2020"). Due to the Company's inability to obtain financing to date, the Company's inadequate cash to continue operations past the third quarter of 2020, the impact of the COVID-19 pandemic on capital markets during the...

LAKEWOOD, CO / ACCESSWIRE / July 20, 2020 / General Moly, Inc . (the "Company") (NYSE American:GMO)(TSX:GMO), the only western exchange listed, pure-play molybdenum mineral development company, announced that it received stockholder approval for all proposals submitted to stockholders at the resumption its Annual Meeting of Stockholders held on July 17, 2020, in Lakewood, Colorado, following the adjournment of the Annual Meeting of Stockholders on June 19, 2020. The adjournment of the June 19th...

LAKEWOOD, CO / ACCESSWIRE / June 19, 2020 / General Moly, Inc. (the "Company") (NYSE American:GMO)(TSX:GMO), the only western-exchange listed, pure-play molybdenum mineral development company, today announced that it convened and then adjourned, without conducting any business, its annual meeting of stockholders (the "Annual Meeting") held on June 19, 2020, at 9:00 a.m., local time, until Friday, July 17, 2020 at 9:00 a.m., local time, at which time the Company's stockholders will vote on the...

LAKEWOOD, CO / ACCESSWIRE / May 15, 2020 / General Moly, Inc. (the "Company" or "General Moly") (NYSE AMERICAN:GMO)(TSX:GMO), the only western-exchange listed, pure-play molybdenum ("moly") development company, announced its financial results for the first quarter of 2020 ("1Q 2020"). 1Q 2020 and year-to-date highlights: Moly prices had generally stair-stepped upward each week in the past month until the prices eased this week to a current price of $8.83 per pound ("/lb"), after having recovered...

LAKEWOOD, CO / ACCESSWIRE / May 4, 2020 / General Moly, Inc. (the "Company" or "General Moly") (NYSE American:GMO)(TSX:GMO), the only western-exchange listed, pure-play molybdenum ("moly") development company, announced its financial results for the full year 2019. Fourth quarter 2019 and year-to-date highlights: In addition to receiving its water permits, the Mt. Hope Project became fully permitted and now construction ready when the federal Bureau of Land Management ("BLM") issued the Record...

LAKEWOOD, CO / ACCESSWIRE / April 15, 2020 / General Moly, Inc. (General Moly or the "Company") (NYSE American: GMO) (TSX: GMO), the only western-exchange listed, pure-play molybdenum ("moly") mineral development company, will be featured on BTV's CEO Clips on the BNN Bloomberg Channel in Canada on Saturday, April 18 and Sunday, April 19, 2020, throughout the day and evenings. Chief Executive Officer Bruce D. Hansen presents an overview of General Moly and comments on the moly market in the CEO...

LAKEWOOD, CO / ACCESSWIRE / March 17, 2020 / General Moly, Inc. (General Moly or the "Company") (NYSE American and TSX: GMO), the only western-exchange listed, pure-play molybdenum ("moly") mineral development company, previously announced that on September 12, 2019, it received a deficiency letter ("Letter") from the NYSE American stock exchange indicating that pursuant to Section 1003(f)(v) of the NYSE American Company Guide, the Company's common stock has been selling for a low price per...

LAKEWOOD, CO / ACCESSWIRE / February 18, 2020 / General Moly, Inc. (General Moly or the "Company") (NYSE:GMO)(TSX:GMO), the only western-exchange listed, pure-play molybdenum ("moly") mineral development company, announced that molybdenum ("moly") spot prices have outperformed the vast majority of metal and energy commodities so far in 2020. The current weekly moly price per pound of $10.65 increased 11% in the past month, 16% year to date, and recovered 29% from the low seen in 4Q 2019,...

LAKEWOOD, CO / ACCESSWIRE / January 21, 2020 / General Moly, Inc. (General Moly or the "Company") (NYSE American and TSX: GMO), the only western-exchange listed, pure-play molybdenum ("moly") mineral development company, announced that the Company will enter the next phase of its evaluation of strategic alternatives. This initiative will be supported by the backdrop of a positive molybdenum ("moly") market outlook and by the benefit of the Company's many accomplishments of 2019, underscored by...

LAKEWOOD, CO / ACCESSWIRE / January 2, 2020 / General Moly, Inc. (General Moly or the "Company") (NYSE American and TSX: GMO), the only western-exchange listed, pure-play molybdenum ("moly") mineral development company, announced that on December 27, 2019, the Company closed the private offer to exchange (the "Exchange Offer") its outstanding 10% Senior Convertible Promissory Notes and 10% Senior Promissory Notes both due December 26, 2019 (together, the "Old Notes"), for units consisting of its...

LAKEWOOD, CO / ACCESSWIRE / December 10, 2019 / General Moly, Inc. (General Moly or the "Company") (NYSE American:GMO) and (TSX:GMO), the only western-exchange listed, pure-play molybdenum ("moly") mineral development company, announced that yesterday the Company and Amer International Group Co. North America, Ltd. ("Amer NA") an affiliate of Amer International Group Co. Ltd. (collectively "Amer") have closed a $4 million private placement by Amer NA at a price of $0.40 per common share of...

LAKEWOOD, CO / ACCESSWIRE / November 27, 2019 / General Moly, Inc. ("General Moly" or the "Company") (NYSE AMERICAN:GMO) (TSX:GMO), the only western-exchange listed, pure-play molybdenum mineral development company, has commenced a private offer to exchange (the "Exchange Offer") its outstanding 10% Senior Convertible Promissory Notes due 2019 and 10% Senior Promissory Notes due 2019 (together, the "Old Notes"), for units consisting of its newly issued 12% Senior Promissory Notes due 2022 (the...

LAKEWOOD, CO / ACCESSWIRE / November 19, 2019 / General Moly, Inc. (the "Company" or "General Moly") (NYSE AMERICAN:GMO) (TSX:GMO), the only western-exchange listed, pure-play molybdenum ("moly") development company, announced its financial results for the third quarter ended September 30, 2019. Third quarter 2019 and year-to-date highlights: The Company and its major shareholder Amer International Group Co. Ltd. ("Amer") are continuing negotiations and hope to reach a mutually beneficial...

LAKEWOOD, CO / ACCESSWIRE / November 14, 2019 / General Moly, Inc. (General Moly or the "Company") (NYSE American and TSX: GMO), the only western-exchange listed, pure-play molybdenum mineral development company, announced that the Company has filed a Form 12b-25 Notification of Late Filing with the Securities and Exchange Commission for an extension to file the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2019 (the "Form 10-Q") providing the Company an automatic...

LAKEWOOD, CO / ACCESSWIRE / November 12, 2019 / General Moly, Inc. (General Moly or the "Company") (NYSE American and TSX: GMO), the only western-exchange listed, pure-play molybdenum mineral development company, announced that on November 8, 2019, the Company has reached an agreement in principle ("AiP") with the holder of $5 million of the Company's Senior Convertible Promissory Notes and certain other holders of Senior Convertible Notes and Senior Promissory Notes (collectively, the "Senior...

LAKEWOOD, CO / ACCESSWIRE / November 5, 2019 / General Moly, Inc. (General Moly or the "Company") (NYSE American:GMO) (TSX:GMO), the only western-exchange listed, pure-play molybdenum mineral development company, stated that on October 31, 2019, a Complaint was filed against the U.S. Department of Interior and Bureau of Land Management ("BLM") in the U.S. District Court in Nevada, seeking relief under the National Environmental Protection Act and other federal laws challenging the September 27,...