General Moly Inc. Cleared For Surface Digging, Building Construction at Mt. Hope Project Site

By
A A A

General Moly Inc. ( GMO ) is steady at $3.70 a share in after-hours trading. The mining company said the State of Nevada Division of Environmental Protection has issued a Reclamation Permit for the company's Mt. Hope molybdenum project.

The new permit allows GMO to dig up the ground surface and built facilities, contingent on the company detailing the reclamation methods to be used to return the land to safe and stable conditions and a productive post-mining land use. The Reclamation Permit also approved reclamation cost estimates of about $73 million, establishing bonding requirements based on the estimate.

GMO trades in a 52-week range of $2.41 - $4.14.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: GMO

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Voya – Babies Retirement
Voya – Babies Retirement            

Stocks

Referenced

100%

Most Active by Volume

79,812,121
  • $12.11 ▼ 5.61%
68,370,136
  • $104.83 ▲ 1.79%
65,036,978
  • $16.60 ▲ 1.22%
64,087,181
  • $8.40 ▲ 5.93%
54,443,769
  • $33.66 ▼ 2.43%
44,944,529
  • $97.82 ▲ 1.50%
40,119,778
  • $45.02 ▲ 1.44%
34,306,166
  • $80.04 ▲ 2.13%
As of 10/23/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com