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General Moly gains on permitting news as it battles funding woes

General Moly (TSX: GMO) has received some welcome good news in the form of federal permitting for its proposed molybdenum mine, as it battles funding woes after its major shareholder recently defaulted on a US$10 million investment.

General Moly gains on permitting news as it battles funding woes General Moly gains on permitting news as it battles funding woes General Moly gains on permitting news as it battles funding woes General Moly gains on permitting news as it battles funding woes General Moly gains on permitting news as it battles funding woes

Good news follows bad for General Moly’s majority-owned Mt Hope project in Nevada. Image: Ray Ng

The company yesterday said it had received the federal record of decision, the final approval needed for its majority-owned $1 billion Mt Hope project in Nevada.

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