LAKEWOOD, Colo., April 30, 2018 /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, invites shareholders and visitors to explore
its new website at www.generalmoly.com to stay informed about the
rising molybdenum ("moly") market and the Company.
The new website offers improved functionality, broader content,
and the latest corporate information as well as a mobile-friendly
platform. Generalmoly.com also features moly market updates and the
Moly Bits blog by CEO Bruce D.
Hansen, commenting about the market factors and
macro-economic drivers.
Mr. Hansen said, "We are excited to roll out our new website to
broaden our communications reach. The website helps to showcase our
premier primary moly assets of the Mt.
Hope and Liberty projects in Nevada, and shine a spotlight on improving
moly demand and supply fundamentals in the prevailing moly price
recovery, currently in the $12/lb
range. As approximately 45% of moly end use is in the energy and
transportation sectors, moly will continue to benefit from higher
specialty steel production serving the increased oil sector
drilling and global energy infrastructure expansion."
Those interested in timely news updates from the Company are
invited to subscribe to the Company's Email Alerts with a menu
including news releases, presentations, and Moly Bits. Subscribers
may cancel at any time.
About General Moly
General Moly is a U.S.-based, molybdenum mineral exploration and
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
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 Record of Decision,
ability to maintain required federal and state permits to continue
construction, and commence production of molybdenum, copper,
silver, lead or zinc, ability to identify any economic mineral
reserves of copper, silver, lead or zinc; ability of the Company to
obtain approval of its joint venture partner at the Mt. Hope
Project in order to mine for copper, silver, lead or zinc, ability
to raise required project financing or funding to pursue an
exploration program related to potential copper, silver lead or
zinc deposits at Mt. Hope, ability
to respond to adverse governmental regulation and judicial
outcomes, and ability to maintain and /or adjust 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.