LAKEWOOD, COLO., September 11 /CNW/ - Idaho General Mines (AMEX: GMO)
announced that the company intends to change its name to General Moly, Inc. in
connection with the planned re-incorporation in Delaware.
Bruce D. Hansen, Chief Executive Officer, said, "Changing our name to
General Moly is a better fit given the Company's focus on developing our two
world-class molybdenum projects while paying homage to the Company's history.
General Moly will continue to trade under the ticker symbol GMO."
Approval for the re-incorporation in Delaware will be requested at the
Company's annual shareholder meeting on October 4, 2007. If the
re-incorporation is approved at the annual shareholder meeting, the name
change and the re-incorporation will take effect on or about October 5, 2007.
Idaho General Mines is a U.S.-based molybdenum mineral development,
exploration and mining company listed on the American Stock Exchange under the
symbol GMO. Our primary asset, the Mt. Hope project located in central Nevada,
is considered one of the world's largest and highest grade molybdenum
deposits. Combined with our second molybdenum property, the Hall-Tonopah
project which is also located in central Nevada, our goal is to become the
largest primary molybdenum producer by the middle of the next decade. For more
information on the Company, please visit our website at www.igmines.com.
For further information:
For further information: Idaho General Mines Seth Foreman, Investor
Relations, 303-928-8591 email@example.com firstname.lastname@example.org