General Moly, Inc. GMO announced that
the U.S. Bureau of Land Management (“BLM”) has issued a Record of Decision
(“ROD”) authorizing development of the Mt. Hope Project in Eureka County,
Nevada. The Record of Decision is effective as of November 16, 2012.
The ROD issued by the BLM for the Mt. Hope Project approves the Plan of
Operations for construction and operation of the mining and processing
facilities and also grants the Rights-of-Way for the 230 kV power transmission
line. Monitoring and mitigation measures identified in the ROD developed in
collaboration with the regulatory agencies involved throughout the permitting
process will avoid, minimize, and mitigate environmental impacts, and reflect
General Moly's commitment to operate this mine to the highest environmental
standards.
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