LAKEWOOD, Colo., Nov. 27, 2017 /CNW/ -- General Moly, Inc. (the
"Company" or "General Moly") (NYSE American and TSX: GMO), the only
western-exchange listed, pure-play molybdenum mineral development
company, will participate at the 10th Annual LD Micro
Main Event conference in Los
Angeles on December 5,
2017.
General Moly Chief Executive Officer Bruce D. Hansen will present at the conference
at 11:30 a.m. Pacific Time on
December 5, 2017 and will also be
available to meet with investors. A webcast of the presentation
will be available live on the Company's website and archived for a
limited period. A copy of the presentation will be posted on
the Company's website. Mr. Hansen will comment on the improving
molybdenum market outlook and provide an update on General
Moly.
The LD Micro Main Event is the largest independent conference
for small/micro-cap companies and will feature 250 names presenting
to an audience of over 1,000 attendees. In addition, there will be
a variety of speakers/panelists discussing topics of interest to
investors and issuers, along with coordinate evening events.
Special Meeting of Stockholders
In other matters, on December 15,
2017, General Moly is holding a Special Meeting of
Stockholders in Lakewood,
Colorado. Two proposals are before the stockholders to
approve (i) the issuance of shares of the Company's common stock to
AMER International Group in connection with a transaction in which
the total shares issued represent more than 20% of the Company's
outstanding common stock, and may be issued at a discount to the
greater of book or market value of the Company's common stock; and
(ii) approve the ratification of equity awards granted since
December 12, 2016. Stockholders
may view the Proxy Statement on the Company's website.
About General Moly
General Moly is a U.S.-based, molybdenum mineral development
company listed on the NYSE American (NYSE AMER), recently known as
the NYSE MKT and former American Stock Exchange, 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 primary molybdenum producer in the world.
Molybdenum is a metallic element used primarily as an alloy
agent in steel manufacturing. When added to steel, molybdenum
enhances steel strength, resistance to corrosion and extreme
temperature performance. In the chemical and petrochemical
industries, molybdenum is used in catalysts, especially for cleaner
burning fuels by removing sulfur from liquid fuels, and in
corrosion inhibitors, high performance lubricants and polymers.
Contact:
Scott
Roswell
(303)
928-8591
info@generalmoly.com
Website:
www.generalmoly.com
View original content with
multimedia:http://www.prnewswire.com/news-releases/general-moly-presents-at-ld-micro-main-event-los-angeles-300561625.html
SOURCE General Moly, Inc.