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General Moly Wins RoD Authorizing Mt. Hope Project

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General Moly, Inc. (NYSE: 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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