US District Court Confirms ROD for General Moly’s Mount Hope Project

General Moly Inc. (TSX:GMO,NYSEMKT:GMO) announced that the US District Court for the District of Nevada has issued an order denying a Motion for Summary Judgment. It “sought to vacate the U.S. Bureau of Land Management’s (‘BLM’) November 2012 Record of Decision (‘ROD’) approving the Plan of Operations for the development and construction of the Mt. Hope Project and the corresponding Final Environmental Impact Statement prepared by the BLM.”

As quoted in the press release:

The Court on July 23, 2014 issued its 31 page Order denying the plaintiffs’ Motion for Summary Judgment. A copy of the Court’s Order has been posted in the News Releases section of the Company’s website.

Bruce D. Hansen, CEO of General Moly, commented:

We are pleased that the BLM’s thorough and inclusive process in approving the Mt. Hope Project’s ROD has been confirmed by the Court. Obtaining the ROD for the Mt. Hope Project was the culmination of six years of hard work and dedicated effort from our team and the BLM, with significant input from all the cooperating and commenting agencies and the general public. We will continue working closely and collaboratively with all of our stakeholders to develop the Mt. Hope Project in an environmentally and socially responsible manner.

We are pursuing financing alternatives for the Mt. Hope Project, and continue to have substantive dialogue with potential strategic partners capable of supporting a debt package to provide the bulk of the Mt. Hope Project’s capital requirements.

Click here to read the full General Moly Inc. (TSX:GMO,NYSEMKT:GMO) press release.