Milestone For Mt. Hope Environmental Impact Statement  

LAKEWOOD, CO - General Moly reported that the Bureau of Land Management circulated the second draft of the Mt. Hope project's Preliminary Draft Environmental Impact Statement (PDEIS) to cooperating agencies. Cooperating agencies will review the second draft of the PDEIS and provide comments to the BLM, which will form the basis of the Draft Environmental Impact Statement (DEIS).

Following receipt of submitted comments, the BLM and its independent contractor will evaluate comments and move forward with production of the DEIS. The comment and review process is anticipated to take three to four weeks. The Company continues to anticipate completion of the DEIS in the second quarter and publication of the DEIS in the Federal Register in the second or third quarter of this year. Bruce D. Hansen, Chief Executive Officer, said, "We are pleased the BLM has circulated the PDEIS for a second round of cooperating agency reviews. This progress is important in that all comments from the first draft of the PDEIS have been evaluated and incorporated as appropriate into this document, along with additional requested analysis, in a manner acceptable to the BLM. We will continue to drive this process forward as quickly as we are able."