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

- March 2nd, 2018

 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 … Continued

 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 the moly price recovery, which began slowly in 2016, has accelerated in the past few months and still has future appreciation potential.”

Are gold stocks a good idea for 2019?


Get your free market forecast today

Leave a Reply

Your email address will not be published. Required fields are marked *