LAKEWOOD, Colo., June 9, 2017 /PRNewswire/ -- General Moly,
Inc. (the "Company") (NYSE MKT and TSX: GMO), a U.S.-based
molybdenum mineral development, exploration and mining company,
announced that it received approval for all proposals submitted to
stockholders at its annual Meeting of Stockholders, which was held
June 8, 2017 in Lakewood, Colorado.
Stockholders supported the re-election of Gary A. Loving and Gregory P. Raih to the Board of Directors, who
will serve for a term of three years and through an advisory vote,
approved of the Company's executive compensation structure, and
indicated they would prefer an advisory vote on executive
compensation to occur every one year. Additionally, the
stockholders ratified the selection of PricewaterhouseCoopers LLP
as the Company's independent registered public accounting firm for
2017.
Voting results on all matters voted on at the annual Meeting of
Stockholders will be filed on SEDAR at www.sedar.com.
About General Moly
General Moly is a U.S.-based molybdenum mineral development,
exploration and mining company listed on the NYSE MKT and the
Toronto Stock Exchange under the symbol GMO. The Company's primary
asset, an 80% 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 the Company's wholly-owned Liberty Project, a molybdenum and
copper property also located in central Nevada, General Moly's goal is to become the
largest pure play primary molybdenum producer in the
world.
Contact:
Scott Roswell
(303) 928-8591
info@generalmoly.com
Website: www.generalmoly.com
Forward-Looking Statements
Statements herein that are not historical facts are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act, as amended and Section 21E of the Securities
Exchange Act of 1934, as amended and are intended to be covered by
the safe harbor created by such sections. Such
forward-looking statements involve a number of risks and
uncertainties that could cause actual results to differ materially
from those projected, anticipated, expected, or implied by the
Company. These risks and uncertainties include, but are not
limited to, metals price and production volatility, global economic
conditions, currency fluctuations, increased production costs and
variances in ore grade or recovery rates from those assumed in
mining plans, exploration risks and results, political, operational
and project development risks, including the Company's ability to
obtain a re-grant of its water permits and to maintain required
federal and state permits to continue construction, commence
production and its ability to raise required project financing, as
well as adverse governmental regulation and judicial outcomes such
as the appeal of the Record of Decision and estimates related to
cost of production, capital, operating and exploration
expenditures. 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-K, on file with the SEC. The Company undertakes no
obligation to update forward-looking statements.
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SOURCE General Moly, Inc.