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
001-32986
91-0232000
(State or other jurisdictionof incorporation)
(Commissionfile number)
(IRS employeridentification no.)
 
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
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.001 per share
GMO
NYSE American and Toronto Stock Exchange
 
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.
 
Item 8.01 
Other Events
 
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.
 
Description
 
Press Release of General Moly, Inc. dated September 3, 2020.
 

 
 
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.
 
 
 
GENERAL MOLY, INC.
 
 
 
 
 
Dated: September 3, 2020
By:  
/s/ Amanda Corrion
 
 
 
Amanda Corrion 
 
 
 
Controller and Principal Accounting Officer 
 
 
 
 
 
 
 
 
 
 
 
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