NEW YORK General Moly
Inc. has received the final permit for its Mount Hope
molybdenum project in Nevada.
"We are pleased to receive the
water pollution control permit from the Nevada Division of
Environmental Protection and conclude the permitting process
required for the construction of the Mount Hope project," chief
executive officer Bruce D. Hansen said in a statement.
The Lakewood, Colo.-based
company will now "pivot aggressively to finalizing our project
financing and initiating the construction and development" of
the project, he added.
The permit demonstrates that
Mount Hope will meet Nevada regulations regarding design
criteria for containment of process fluids, approves the
operational and closure plans for the mine and establishes
monitoring requirements, it said.
The mine is expected to produce 40 million pounds of