General Moly Inc. (TSX:GMO,AMEX:GMO) provided an update on its finances, noting that it has terminated its $125-million subordinated loan agreement with Hanlong (USA) Mining Investment Inc.; the loan was intended to help finance General's Mount Hope project and the termination was mutual.
On Tuesday, American CuMo released encouraging results from infill drilling at its CuMo project.
iStockAnalyst reported that disruptions in the financing of General Moly Inc.'s (TSX:GMO) Mount Hope project have caused a correction in the company's share price. So far its shares are down 56 percent year-on-year.
General Moly Inc. (TSX:GMO) released its unaudited financial results for the first quarter of 2013, commenting that it saw a net loss of $3 million for the period, slightly less than the $3.2 million it lost in the year-ago period.
The Denver Business Journal reported that shares of General Moly Inc. (TSX:GMO,AMEX:GMO) rose 11.8 percent on Thursday, making it the best-performing Colorado stock.
General Moly (NYSE:GMO, TSX:GMO) announced that they have reached an agreement with Hanlong Mining to extend their Bridge Loan maturity to November 16, 2013.
Bloomberg reported that General Moly has suspended work supported on a $665 million loan on news that the creditor responsible for the loan has been detained in China, sending stock price tumbling yesterday. As quoted in the market report:
General Moly, Inc. (NYSE:GMO,TSX:GMO) announced financial results for the fourth quarter and full year ended December 31, 2012. As quoted in the press release:
General Moly (NYSE:GMO, TSX:GMO) provided progress updates for its Mt. Hope Project.
US-based General Moly is starting preliminary work at its Nevada molybdenum project and preparing for heavy construction in the spring.
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