General Moly rallies 20%

Proactiveinvestors.com reports that General Moly’s (NYSE:GMO, TSX: GMO) shares up more than 20%.

The market news is quoted as saying:

Earlier this week, General Moly announced that the company amended its previous agreement with Hanlong, agreeing that the publication of the Mt. Hope molybdenum project’s draft environmental impact statement (DEIS) was no longer a condition to complete the first-tranche $40 million equity investment from Hanlong.

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