General Moly Takes $2 Million Net Loss in Q4

General Moly, Inc. (NYSE:GMO,TSX:GMO) announced financial results for the fourth quarter and full year ended December 31, 2012.

As quoted in the press release:

Net loss for the three months ended December 31, 2012 was $2.0 million ($0.03 per share), compared to a loss of $2.9 million ($0.03 per share) for the year ago period. Net loss for the full year ended December 31, 2012 was $9.9 million ($0.11 per share), compared to a loss of $14.8 million ($0.16 per share) for the year ago period.

General Moly’s CEO, Bruce Hansen, said:

We achieved a number of significant milestones in 2012, including receipt of all major federal and state operating permits for the Mt. Hope Project and the initiation of preliminary construction activities at the site. We also received more than $100 million in additional financing from POS-Minerals.

To view the whole press release, click here.