General Moly Awards Mt. Hope EPCM Contract

LAKEWOOD, CO - General Moly, Inc. reported that the Company and M3 Engineering & Technology Corporation (M3) have entered into a contractual agreement for the engineering, procurement and construction management (EPCM) of the Mt. Hope molybdenum project. M3 completed the Company's Bankable Feasibility Study of Mt. Hope in August 2007, and has subsequently continued to advance engineering of the project pending this EPCM agreement.
General Moly has continued to acquire specialized talent for the Mt. Hope project team. Richard W. Rice joined the project team late in 2007 as the Engineering Manager. He was responsible for over $3 billion of projects in his 32-year career with Phelps Dodge as Vice President of Engineering. Supporting Richard in project management and design is Jesus Figueroa, Process and Mechanical Manager, who recently retired from Freeport McMoran after 32 years of service, including 22 years at Freeport's Sierrita and Bagdad mines, two large copper/moly operations in Arizona. Jesus brings a specialized background in maintenance, roaster operations, and process design.
The company's address is 1726 Cole Blvd., Suite 115, Lakewood, CO 80401, (303) 928-8599, fax: (303) 928-8598 .