Construction at General Moly’s Mt. Hope Project Progressing

General Moly (NYSE:GMO, TSX:GMO) provided progress updates for its Mt. Hope Project.

As quoted in the press release:

Early construction activities are progressing as planned at the Mt. Hope project site including cultural clearance, clearing and grubbing, wood harvesting, and the development of wells and water pipelines. Kautz Environmental Consultants has completed field mitigation activities for all 32 cultural sites identified in the Phase I Cultural Mitigation of the initial construction program.

General Moly’s CEO, Bruce Hansen, said:

Based on recent meetings in China, we continue to be pleased with the progress we are making on negotiating final terms and concluding syndication efforts relating to our $665 million term loan. General Moly, Hanlong and China Development Bank are collaborating closely to expedite this key component of the Mt. Hope financing plan.

To view the whole press release, click here.