General Moly (NYSE:GMO, TSX:GMO) announced that early construction at its Mt. Hope Project has begun.
As quoted in the press release:
A crew from Ames Construction, Inc. has been mobilized, and is initially focused on clearing the administrative office and mill site areas as well as clearing the water pipeline corridor in preparation for developing the well field and water distribution system to support heavy construction activities.
General Moly’s CEO, Bruce Hansen, said:
We are pleased to start preliminary construction activities at Mt. Hope as we prepare for heavy construction in the spring. Our work plan emphasizes careful cost management, a timeline of continuous construction and close collaboration with all of our stakeholders to develop Mt. Hope in an environmentally and socially responsible manner.