General Moly, Inc. (GMI) is a development stage company engaged in the business of exploration, development and mining of properties primarily containing molybdenum. The Company’s primary asset is an 80% interest in the Mt. Hope Project (Mt. Hope Project), a primary molybdenum property, located in Eureka County, Nevada. It owns interest in the Liberty Property (the Liberty Property), located in Nye County, Nevada. In addition, it owns other non-core properties and mineral rights. In February 2008, the Company formed a joint venture with POS-Minerals Corporation (POS-Minerals), an affiliate of POSCO, a Korean steel company for the development of the Mt. Hope Project.