Current Report Filing (8-k)
September 03 2020 - 5:20PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of
Earliest Event Reported: September
1, 2020
General Moly, Inc.
(Exact name of registrant as specified in its charter)
Delaware
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001-32986
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91-0232000
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(State or other jurisdictionof incorporation)
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(Commissionfile number)
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(IRS employeridentification no.)
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1726 Cole Blvd., Suite 115
Lakewood, CO 80401
(Address of principal executive offices, including zip
code)
(303) 928-8599
(Registrant’s telephone number, including area
code)
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2
below):
☐ Written communications
pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 210.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name of
each exchange on which registered
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Common Stock, par value $0.001 per share
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GMO
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NYSE American and Toronto Stock Exchange
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Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (§240.12b-2 of this chapter)
Emerging growth
company ☐
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act.
☐
Item
1.01
Entry
into a Material Definitive Agreement
On
September 1, 2020, General Moly, Inc. (the “Company”)
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 $1,000,000 in cash in connection with the execution of the
letter of intent. Upon execution of a definitive Purchase Agreement
and transfer of title on or before September 15, 2020, Pathfinder
will make an additional payment of $1,000,000 to the Company. A
further $1,000,000 will be payable on completion of commissioning
of a production plant of any metal commodity on the property. The
Company will retain a 3% net smelter return royalty on molybdenum
production from the property.
On
September 3, 2020, the Company issued a press release announcing
the entry into the Liberty Project letter of intent with
Pathfinder. A copy of the press release is attached hereto as
Exhibit 99.1 to this Current Report on
Form 8-K.
Item
9.01
Financial
Statements and Exhibits
(d) Exhibits
Exhibit
No.
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Description
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Press
Release of General Moly, Inc. dated September 3, 2020.
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SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the Company
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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GENERAL MOLY,
INC.
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Dated: September 3,
2020
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By:
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/s/ Amanda
Corrion
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Amanda
Corrion
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Controller and
Principal Accounting Officer
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