General Moly, Inc. (NYSEMKT:GMO) Files An 8-K Other Events
Item 8.01Other Events
General Moly, Inc. (the Company) is filing this Current Report on
Form 8-K to recast certain previously reported amounts related to
the tax liability on exercise of certain restricted stock unit
vestings.
The rules of the Securities and Exchange Commission require that
when a registrant prepares, on or after the date a registrant
reports an accounting change such as the changed noted above, a
new registration, proxy or information statement (or amends a
previously filed registration, proxy, or information statement)
that includes or incorporates by reference financial statements,
the registrant must recast the prior period financial statements
included or incorporated by reference in the registration, proxy
or information statement to reflect these changes.Accordingly,
the Company is filing this Form 8-K to recast our consolidated
financial statements for the year ended December 31, 2015, to
reflect the change noted above.The update does not represent a
restatement of previously issued financial statements.The recast
information of items contained in the Companys 2015 Form 10-K is
present in Exhibits 99.1 to the Form 8-K.
The information included in this Form 8-K is presented for
informational purposes only in connection with the reporting
change described above and does not amend or restate our audited
consolidated financial statements, which were included in our
2015 Form 10-K.This Form 8-K does not reflect events occurring
after we filed our 2015 Form 10-K and does not modify or update
the disclosures therein in any way, other than to illustrate the
adjustment of presentation of certain amounts related to tax
liabilities on restricted stock unit vestings.For developments
subsequent to the filing of the 2015 Form 10-K, refer to our
Quarterly Report on Form 10-Q for the quarters ended March 31,
2016, June 30, 2016 and September 30, 2016.
Item 9.01Financial Statements and Exhibits
(d)Exhibits
|
Exhibit No. |
Description |
|
23.1 |
Consent of Independent Registered Public Accounting Firm |
|
99.1 |
Updated Part II, Item 8.Financial Statements and |
|
101.INS |
XBRL Instance Document |
|
101.SCH |
XBRL Taxonomy Extension Schema |
|
101.CAL |
XBRL Taxonomy Extension Calculation Linkbase |
|
101.DEF |
XBRL Taxonomy Extension Definition Linkbase |
|
101.LAB |
XBRL Taxonomy Extension Label Linkbase |
|
101.PRE |
XBRL Taxonomy Extension Label Linkbase |
About General Moly, Inc. (NYSEMKT:GMO)
General Moly, Inc. is engaged in the business of the exploration, development and mining of properties containing molybdenum. The Company, through its subsidiary, Eureka Moly, LLC, holds interest in the Mt. Hope Project, a molybdenum property, located in Eureka County, Nevada. The Mt. Hope Project contains molybdenum reserves totaling approximately 1.4 billion pounds of which 1.2 billion pounds are estimated to be recoverable. It also owns a molybdenum and copper project, the Liberty Project, located in Nye County, Nevada. Its other mining properties include over 100 acres of fee simple land in the Little Pine Creek area of Shoshone County, Idaho; six patented mining claims known as the Chicago-London group, located near the town of Murray in Shoshone County, Idaho; 30 unpatented mining claims in Marion County, Oregon, known as the Detroit property, and 80 unpatented mining claims in Sanders and Madison County, Montana. General Moly, Inc. (NYSEMKT:GMO) Recent Trading Information
General Moly, Inc. (NYSEMKT:GMO) closed its last trading session up +0.009 at 0.260 with 149,430 shares trading hands.