Businessweek

General Moly, Inc., a development stage company, engages in the exploration, development, and mining of properties, primarily containing molybdenum in the United States. Properties Mt. Hope Project The company’s primary asset is an 80% interest in the Mt. Hope Project, a primary molybdenum property, located in Eureka County, Nevada. The Mt. Hope Project has contained proven and probable molybdenum reserves totaling 1.3 billion pounds. The Mt. Hope Project consists of 13 patented lode claims and 1 millsite claim and 1,521 unpatented lode claims, including 109 unpatented lode claims and 1,412 unpatented lode claims. Liberty Property The company owns the Liberty Property in Nye County, Nevada, including water rights, mineral and surface rights, buildings and certain equipment, from High Desert Winds LLC. Other Mining Properties The company’s other properties consists of approximately 107 acres of fee simple land in the Little Pine Creek area of Shoshone County, Idaho; 6 patented mining claims known as the Chicago-London group, located near the town of Murray in Shoshone County, Idaho; 265 acres of private land with 3 unpatented claims in Josephine County, Oregon, known as the Turner Gold project; an undivided 50% interest in the reserved mineral rights known as the Margaret Property and 105 unpatented mining claims comprising the Red Bonanza Property, situated in the St. Helens Mining District, Skamania County, Washington; and 34 unpatented mining claims in Marion County, Oregon, known as the Detroit property. History General Moly, Inc. was incorporated in 1925.