General Moly,Inc. (NYSEMKT:GMO) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive
Agreement
On April17, 2017, General Moly,Inc. (the Company) and Amer
International Group Co.,Ltd. (Amer) entered into a First
Amendment (the Amendment) to the Common Stock Purchase Warrant
dated November24, 2015 (the Warrant). The Amendment extends the
deadline for satisfaction of all conditions to vesting of the
Warrant from April17, 2017 to June17, 2017. The Company and Amer
agreed on a short extension of the expiration of the Warrant
while they discuss a longer term modification of the other
agreements between the parties, supportive of their existing
strategic partnership.
The foregoing description of the Amendment is qualified in its
entirety by reference to the full text of such document, which is
attached hereto as Exhibit10.2.
Item 9.01 Financial Statements and
Exhibits
(d) Exhibits
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ExhibitNo. |
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Description |
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10.1 |
Common Stock Purchase Warrant by and between General |
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10.2 |
First Amendment to Warrant by and between General Moly,Inc. |
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 +0.005 at 0.380 with 48,473 shares trading hands.
