General Moly Announces Milestone for Mt. Hope Environmental Impact Statement

General Moly GMO announced that on Monday, April 11, 2011, the Bureau of Land Management circulated the second draft of the Mt. Hope project's Preliminary Draft Environmental Impact Statement 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. 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.