General Moly, Inc. (NYSE AMEX and TSX: GMO) is in the business of exploring, developing and mining molybdenum properties.  Our near-term corporate objective is to profitably develop and operate the Mt. Hope property, in which we own an 80% interest, and to continue our evaluation of the Liberty project, which we wholly own.  In the short-term, we are focused on raising capital sufficient to complete the development of the Mt. Hope Project on schedule.  By the time both these projects are in production, General Moly will be positioned as the world's largest primary moly producer.

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