General Moly ends $125M loan deal for Mount Hope
May 16, 2013 | 11:18 AM
| Daniel Fitzgerald
NEW YORK General Moly Inc. and Sichuan Hanlong (Group) Co. Ltd. have agreed to terminate a $125-million loan deal that was intended to supplement a $665-million term loan to finance the Mount Hope molybdenum project in Nevada.
The subordinated loan agreement, which would have become available upon receipt of the Chinese-sourced term loan, was terminated to provide General Moly with greater flexibility in securing an additional Chinese strategic partner, the Lakewood, Colo.-based company said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.