LAKEWOOD, Colo., Nov. 27, 2017 /CNW/ -- General Moly, Inc. (the "Company" or "General Moly") (NYSE American andTSX: GMO), the only western-exchange listed, pure-play molybdenum mineral development company, will participate at the 10th Annual LD Micro Main Event conference in Los Angeles on December 5, 2017.
General Moly Chief Executive Officer Bruce D. Hansen will present at the conference at 11:30 a.m. Pacific Time on December 5, 2017 and will also be available to meet with investors. A webcast of the presentation will be available live on the Company's website and archived for a limited period. A copy of the presentation will be posted on the Company's website. Mr. Hansen will comment on the improving molybdenum market outlook and provide an update on General Moly.
The LD Micro Main Event is the largest independent conference for small/micro-cap companies and will feature 250 names presenting to an audience of over 1,000 attendees. In addition, there will be a variety of speakers/panelists discussing topics of interest to investors and issuers, along with coordinate evening events.
Special Meeting of Stockholders
In other matters, on December 15, 2017, General Moly is holding a Special Meeting of Stockholders in Lakewood, Colorado. Two proposals are before the stockholders to approve (i) the issuance of shares of the Company's common stock to AMER International Group in connection with a transaction in which the total shares issued represent more than 20% of the Company's outstanding common stock, and may be issued at a discount to the greater of book or market value of the Company's common stock; and (ii) approve the ratification of equity awards granted since December 12, 2016. Stockholders may view the Proxy Statement on the Company's website.
About General Moly
General Moly is a U.S.-based, molybdenum mineral development company listed on the NYSE American (NYSE AMER), recently known as the NYSE MKT and former American Stock Exchange, 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 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.