Last $0.94 USD
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Volume 181.0K
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As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1726 Cole Boulevard

Suite 115

Lakewood, CO 80401

United States

Phone: 303-928-8599

Fax:

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 contains proven and probable molybdenum reserves totaling 1.3 billion pounds (1.1 billion pounds owned by the company) of which 1.1 billion pounds (0.9 billion pounds owned by the company) are estimated to be recoverable. The Mt. Hope Project is owned and would be operated by Eureka Moly, LLC (the LLC). The LLC has a lease with Mount Hope Mines, Inc. (MHMI) for the Mt. Hope Project. The Mt. Hope Project consists of 13 patented lode claims and 1 millsite claim, which are owned by MHMI and leased to the LLC; and 1,521 unpatented lode claims, including 109 unpatented lode claims owned by MHMI and leased to the LLC and 1,412 unpatented lode claims owned by the LLC. Liberty Property The company wholly owns second molybdenum project, the Liberty Property, located in Nye County, Nevada. Other Mining Properties The company also has mining claims and land, which consist in part 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; and 34 unpatented mining claims in Marion County, Oregon, known as the Detroit property. Strategy The company's business strategy is to acquire and develop highly profitable advanced stage mineral deposits. History General Moly, Inc. was incorporated in 1925.

 

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