General Moly continues hunt for Mount Hope financing

May 03, 2013 | 03:19 PM | Daniel Fitzgerald

Tags  General Moly, Mount Hope, Bruce Hansen, Sichuan Hanlong, China Development Bank, Liu Han, molybdenum, Daniel Fitzgerald

NEW YORK — General Moly Inc. said it is looking to reinvigorate stalled loan negotiations as the company continues its search for another Chinese strategic partner to finance its Mount Hope molybdenum project in Nevada.

The Lakewood, Colo.-based company posted a first-quarter net loss of $3 million, down 6.3 percent from a $3.2-million loss in the same period last year. Excluding restricted cash, the company’s cash balance at March 31 was approximately $57 million vs. $68 million at the end of 2012.....

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