Breaking News

Over a month ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Syndicate
General Moly files to sell 127.63M shares of common stock for holders  16:27
05/05/20
05/05
16:27
05/05/20
16:27
GMO

General Moly

$0.19 /

-0.0147 (-7.17%)

 
Syndicate
General Moly files $400M mixed securities shelf  16:26
05/05/20
05/05
16:26
05/05/20
16:26
GMO

General Moly

$0.19 /

-0.0147 (-7.17%)

 
Over a quarter ago
Hot Stocks
General Moly to seek shareholder approval for reverse stock split » 06:15
03/17/20
03/17
06:15
03/17/20
06:15
GMO

General Moly

$0.16 /

-0.0018 (-1.10%)

General Moly previously…

General Moly previously announced that it received a deficiency letter from the NYSE indicating that pursuant to Section 1003 of the NYSE American Company Guide, the company's common stock has been selling for a low price per share for a substantial period of time. The letter stated that the company must demonstrate an improved share price improvement or effect a reverse stock split of its common stock by no later than March 12, in order to maintain the listing of the company's common stock on the NYSE. On March 12, the company was advised by the NYSE that the company did not cure its price deficiency for both the absolute and average stock prices for the company to exceed 20c by the end of the six-month period on March 12. The GMO stock price was trading then at 16c on an absolute and 20c on an average basis. Given the recent downdraft of the financial markets with COVID-19 concerns as well as a weaker GMO stock price, the company will seek shareholder approval at its next annual meeting of stockholders in 2020 to affect a reverse stock split to raise its trading price and remedy the NYSE listing deficiency. The company has notified the NYSE of the company's board of directors' action to set a record date of April 27 and schedule the company's annual meeting of stockholders in Lakewood, Colorado on June 19. The company anticipates mailing its proxy statement, inclusive of a proposal to authorize the board to consider a reverse stock split and annual report to stockholders in early May. The NYSE has granted the company additional time to implement a reverse stock split.

Hot Stocks
General Moly says CPM projects $12.58 per lb average moly real price for 2020 » 06:12
01/21/20
01/21
06:12
01/21/20
06:12
GMO

General Moly

$0.23 /

-0.0016 (-0.68%)

During the first 10…

During the first 10 months of 2019, CPM's Molybdenum Quarterly reported that moly production fell by 6.2M lb, a 1.5% decrease, to 419.7M lb from the 2018 period. Increased production at Rio Tinto's Kennecott Bingham Canyon Mine and Grupo Mexico mines during the first 10 months of 2019 did not offset decreased moly output from Chile and China. CPM anticipates that the moly market was in balance or in a small deficit for 2019. Looking ahead, CPM forecasts a moly price recovery from further supply shortfall from tight mine supply and incremental improving demand. Chilean mine supply in particular is projected to continue to fall after double-digit reductions in both 2018 and 2019, driven by reduced government funding going forward for state-owned Codelco. Demand is anticipated to improve with a stabilizing global economy, normalizing 300 series stainless steel demand and a moly demand boost from continued global Liquefied Natural Gas developments, including those related to the July 2019 announced liberalization of oil and gas laws in China to spur foreign direct investment in gas infrastructure. CPM projects an average moly real price of $12.58 per lb and nominal price of $12.87 per lb for 2020. CPM further projects average moly per lb real price of $14.25 and nominal price of $15.63 for the five-year period 2021-2025; and average real price of $13.88 and nominal price of $17.02 for 2026-2030.

Hot Stocks
General Moly entering 'next phase' of evaluating strategic alternatives » 06:10
01/21/20
01/21
06:10
01/21/20
06:10
GMO

General Moly

$0.23 /

-0.0016 (-0.68%)

General Moly announced…

General Moly announced that the Company will enter the next phase of its evaluation of strategic alternatives. This initiative will be supported by the backdrop of a positive molybdenum market outlook and by the benefit of the Company's many accomplishments of 2019, underscored by the Mt. Hope Project having become fully permitted. According to projections by the CPM Group, a metals research, econometrics, and consulting firm, based in New York, moly is anticipated to run into a deficit over 2020-2024. CPM anticipates the sharpest supply deficit in 2021 and 2022. CPM is forecasting moly real prices to increase by more than 30% in 2020 to average above $12.50/lb, compared to the current price of $9.60/lb, with a further increase to over $13.50/lb in 2021. In addition to the anticipated improvements in the moly market, General Moly enters 2020 in a solid position to pursue strategic alternatives given the significant accomplishments achieved in 2019. The Company is working with its financial advisors on securing incremental financing and evaluating other strategic alternatives, including the potential addition of new Mt. Hope Project partners, additional Corporate Strategic investors, merger opportunities, and/or the possible sale or privatization of the Company. The Company's financial advisors are XMS Capital Partners, Headwall Partners, and Odinbrook Global Advisors.

Hot Stocks
General Moly supports ROD for Mt. Hope molybdenum project » 06:27
11/05/19
11/05
06:27
11/05/19
06:27
GMO

General Moly

$0.25 /

-0.0606 (-19.55%)

General Moly stated that…

General Moly stated that on October 31, a complaint was filed against the U.S. Department of Interior and Bureau of Land Management, or BLM, in the U.S. District Court in Nevada, seeking relief under the National Environmental Protection Act and other federal laws challenging the September 27 re-issuance of the record of decision, or ROD, for the Mt. Hope molybdenum project. The ROD approved the final supplemental environmental impact statement, or SEIS, for the Mt. Hope Project, following the December 2016 decision from the U.S. Court of Appeals for the Ninth Circuit. The company and its Mt. Hope joint venture company, Eureka Moly are reviewing the complaint filed by Great Basin Resource Watch and the Western Shoshone Defense Project, and may seek permission from the court to intervene on behalf of the Mt. Hope Project. The process for completing the SEIS involved an environmental analysis and review that lasted almost three years, and included extensive public notice and comment. The company supports the robust, and legally and technically defensible work completed by the BLM and believes that the new ROD complies with all federal statutes and rules.

Hot Stocks
General Moly provides update on liquidity matters » 06:03
09/30/19
09/30
06:03
09/30/19
06:03
GMO

General Moly

$0.20 /

-0.0016 (-0.81%)

On September 26, 2019,…

On September 26, 2019, the company entered into a 90-day deferral and forbearance agreement with the primary holder of the 2014 Senior Convertible Notes, along with certain of the company's members of management and directors who participated in the 2014 debt offering. As a result, the company will defer approximately $162,000 of interest payments due at the end of the third quarter 2019. The company continues to explore opportunities with such note holders to exchange the notes for assets and/or extensions to the December 26, 2019 maturity date. Additionally, on September 27, 2019, the company entered into a Consent Agreement with POS-M to accelerate the repayment of the balance of $1 million the Company advanced to EMLLC to fund the initial settlement payment to the Kobeh Valley ranching family to settle protests to the Mt. Hope water applications, as announced in the Company's May 14, 2019 news release. Prior to the Consent Agreement, the company had been repaid $293,000 from the sale of EMLLC non-critical assets, leaving a balance of $707,000. The remaining balance will now be paid over three monthly installments beginning in October 2019, with the third installment subject to receipt of $400,000 in additional sales of EMLLC non-critical assets.

Hot Stocks
General Moly receives final permit for Mt. Hope molybdenum project in Nevada » 06:02
09/30/19
09/30
06:02
09/30/19
06:02
GMO

General Moly

$0.20 /

-0.0016 (-0.81%)

General Moly announced…

General Moly announced that it has received the final federal permit in the form of a Record of Decision from the Bureau of Land Management for the Mt. Hope Project on September 27, 2019. The Mt. Hope Project has now received all permits from the State of Nevada and the federal government to allow construction and operation of the proposed molybdenum mine. Receipt of the ROD marks completion of the National Environmental Policy Act process and approval of the Supplemental Environmental Impact Statement by the Bureau of Land Management and the U.S. Department of Interior for the Mt. Hope Project. General Moly owns an 80% interest in the world-class Mt. Hope molybdenum project in Nevada through the Eureka Moly LLC joint venture. POS-Minerals Corporation, a wholly owned subsidiary of POSCO, the Korean steel company, owns the remaining 20% interest. Engineering remains approximately 65% complete at the Mt. Hope moly project. Some preconstruction site work also was previously completed. A development decision to proceed with construction of the Mt. Hope Project requires approval from POS-M and the company's Board of Directors, following receipt of project financing.

Options
Six option delistings on September 23rd » 08:30
09/23/19
09/23
08:30
09/23/19
08:30
GMO

General Moly

$0.20 /

-0.003 (-1.52%)

, HLTH

Nobilis Health

$0.00 /

+ (+0.00%)

, NNVC

NanoViricides

$0.19 /

+0.0049 (+2.59%)

, PDSB

PDS Biotechnology

$5.78 /

+0.09 (+1.58%)

, SALM

Salem Media

$1.65 /

-0.115 (-6.52%)

Option delistings…

Option delistings effective September 23rd include Christopher and Banks Corp (CBKC), General Moly (GMO), Nobilis Health Corporation (HLTH), NanoViricides (NNVC), PDS Biotechnology Corp (PDSB), and Salem Communications (SALM).

ShowHide Related Items >><<
GMO General Moly
$0.20 /

-0.003 (-1.52%)

HLTH Nobilis Health
$0.00 /

+ (+0.00%)

04/08/19 Stephens
Franklin Financial SNC notice likely refers to Nobilis Health, says Stephens
01/03/19
Nobilis Health upgraded to Speculative Buy after investor update at Benchmark
01/03/19 Benchmark
Nobilis Health upgraded to Speculative Buy from Hold at Benchmark
11/12/18 Benchmark
Benchmark downgrades Nobilis Health to Hold on review uncertainty
NNVC NanoViricides
$0.19 /

+0.0049 (+2.59%)

PDSB PDS Biotechnology
$5.78 /

+0.09 (+1.58%)

SALM Salem Media
$1.65 /

-0.115 (-6.52%)

01/15/19 Noble Capital
Salem Media upgraded to Outperform from Market Perform at Noble Financial
Hot Stocks
General Moly: AMER considering terminating agreement based on alleged breaches  06:23
07/29/19
07/29
06:23
07/29/19
06:23
GMO

General Moly

$0.37 /

-0.0063 (-1.70%)

 
ShowHide Related Items >><<

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.