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 completing our permitting process as well as completing our March 2010 $745 million financing transaction with Hanlong.  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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