LAKEWOOD, Colo., July 27, 2017 /CNW/ -- General Moly, Inc. (the "Company") (NYSE MKT andTSX: GMO), the only western exchange listed, pure-play molybdenum mineral development company, will be participating at two upcoming investment conferences in New Jersey and New York. General Moly CEO Bruce D. Hansen will be making presentations and meeting with investors at the conferences.
Mr. Hansen will present at the John Tumazos Very Independent Research Metals Conference in Holmdel, New Jersey at 3:40 p.m. Eastern Time on Thursday, August 3, 2017.
The following week, Mr. Hansen will present at the Jefferies Industrials' Conference in New York City at 11:20 a.m. ET on Tuesday, August 8, 2017. Both presentations will be posted and webcast live at the relevant times with available playback via the investor section of www.generalmoly.com.
In his presentations, Mr. Hansen will provide highlights of the Company's Mt. Hope Project in Nevada, including advancing completion of a Supplemental Environmental Impact Statement in accordance with the National Environmental Policy Act towards a Record of Decision, and discuss the positive long-term supply and demand fundamentals for molybdenum.
Last month, the Company launched a new blog, Moly Bits, by Mr. Hansen, commenting on how molybdenum demand benefits from a rebounding oil and gas industry, in addition to robust growth in the global liquid natural gas market. The blog may be accessed through http://generalmoly.com/molybits.php.
About General Moly
General Moly is a U.S.-based molybdenum mineral development, exploration and mining company listed on the NYSE MKT and the Toronto Stock Exchange under the symbol GMO. The Company's primary asset, an 80% interest in the Mt. Hope Project located in central Nevada, is considered one of the world's largest and highest grade molybdenum deposits. Combined with the Company's wholly-owned Liberty Project, a molybdenum and copper property also located in central Nevada, General Moly's goal is to become the largest pure play primary molybdenum producer in the world.
Molybdenum is a metallic element used primarily as an alloy agent in steel manufacturing. When added to steel, molybdenum enhances steel strength, resistance to corrosion and extreme temperature performance. In the chemical and petrochemical industries, molybdenum is used in catalysts, especially for cleaner burning fuels by removing sulfur from liquid fuels, and in corrosion inhibitors, high performance lubricants and polymers.
Statements herein that are not historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act, as amended and Section 21E of the Securities Exchange Act of 1934, as amended and are intended to be covered by the safe harbor created by such sections. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected, or implied by the Company. These risks and uncertainties include, but are not limited to metals price and production volatility, global economic conditions, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, exploration risks and results, political, operational and project development risks, including the Company's ability to obtain a re-grant of its water permits and Record of Decision, ability to maintain required federal and state permits to continue construction, and commence production, ability to raise required project financing, ability to respond to adverse governmental regulation and judicial outcomes, and ability to maintain and /or adjust estimates related to cost of production, capital, operating and exploration expenditures. For a detailed discussion of risks and other factors that may impact these forward-looking statements, please refer to the Risk Factors and other discussion contained in the Company's quarterly and annual periodic reports on Forms 10-Q and 10-K, on file with the SEC. The Company undertakes no obligation to update forward-looking statements.
SOURCE General Moly, Inc.