Moly, Inc. (the "Company" or “General Moly”) (NYSE MKT and TSX:
GMO), a U.S.-based molybdenum mineral development, exploration, and
mining company, announced the elevation of the Company’s wholly-owned
molybdenum-copper Liberty Project from a Preliminary Economic Assessment
("PEA") announced April 8, 2014 to a National Instrument 43-101
Standards of Disclosure for Mineral Projects of the Canadian Securities
Administration (“NI 43-101”) compliant Pre-Feasibility Study (“PFS”).
The timeframe for completing the PFS remains unchanged from the PEA
estimate, with expected conclusion by the end of July 2014.
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