Mt. Hope ‘progressing’ as General Moly finalizes funds

Feb 19, 2013 | 01:14 PM | Daniel Fitzgerald

Tags  General Moly, Mount Hope, Molybdenum, Bruce Hansen, financing, Sichuan Hanlong, China Development Ban

NEW YORK — General Moly Inc. says construction of its Mount Hope molybdenum project is “progressing as planned,” and the company is finalizing the project’s financing terms with Chinese investors.
The Lakewood, Colo.-based company is “collaborating closely” with Sichuan Hanlong (Group) Co. Ltd. and China Development Bank “on negotiating final terms and concluding syndication efforts relating to our $665-million term loan” to help fund the project, General Moly chief executive officer Bruce Hansen....

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