General Moly Reports Increasing Molybdenum Price Leads Surge in Metals; Aligned with Multiple Bullish Market Factors

 General Moly (the “Company” or “General Moly”) (NYSE American and TSX: GMO), the only western-exchange listed, pure-play molybdenum mineral development company, reports that the global molybdenum spot price has increased 25 percent year to date to $12.83 per pound. Bruce D. Hansen, CEO of General Moly, said: “Moly can be called a late stage industrial metal. We believe …