General Moly Inc. announced that it has entered into an agreement with the County of Eureka, Nevada to lease 164 acres of land, known as the Eureka Canyon Subdivision, for five years for the purpose of constructing a temporary construction campsite and ultimately a long-term employee housing neighborhood. After entering into the lease agreement, [...]
Drilling continues at Ravin molybdenum/tungsten property and Howell gold project.
MAX Resource Corp. has completed a ten hole diamond drill program at its Gold Hill molybdenum project in Alaska. Drilling is continuing at the Ravin molybdenum/tungsten project in Nevada and at the Howell gold project in B.C., where seven holes totaling approximately 1,000 metres have already [...]
General Moly Inc. announced that it has entered into Electrical Transmission Service Agreements with Mount Wheeler Power and Sierra Pacific Power to provide the Mt. Hope Project in Eureka County, Nevada with sufficient power transmission capacity to satisfy its projected electrical needs. Under the terms of these agreements, service is expected to start in December [...]
General Moly Inc. announced the signing of an off-take agreement with Sojitz Corporation, a leading Japanese trading company and the largest Japanese molybdenum trader. The agreement provides for the supply of five million pounds per year of molybdenum for five years, beginning once Mt. Hope reaches commercial production levels. The agreement also provides Sojitz the [...]
General Moly Inc. provided a permitting progress update on Mt. Hope and reiterated its current expectation to receive all required permits by mid-2009.
Bruce D. Hansen, Chief Executive Officer, said, “We continue to execute against our permitting timeline and have filed applications for the key Nevada State permits. Although we recognize that we do not fully [...]
MAX Resource Corp. is pleased to announce that drilling has begun at its Ravin molybdenum/tungsten property in Lander County, Nevada. The Ravin property is comprised of 162 claims located 20 miles north of the town of Austin in Central Nevada and approximately 50 miles west of General Moly, Inc.’s (AMEX & TSX: GMO) Mount Hope [...]
