General Moly’s loss widens, Mount Hope project slowed

Aug 02, 2013 | 04:38 PM | Daniel Fitzgerald

Tags  General Moly, Mount Hope, molybdenum, Bruce Hansen, Sichuan Hanlong, Daniel Fitzgerald

NEW YORK — General Moly Inc. continues to search for financing partners for its Mount Hope molybdenum project in Nevada, while reducing construction activities and engineering expenditures at Mount Hope to manage its cash position.

The Lakewood, Colo.-based company posted a $14.3-million net loss for the three months ended June 30 vs. a $2.7-million loss in the same period last year. The loss included an $11.5-million non-cash charge associated with....

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