Published: September 14, 2020 |

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General Moly entered into a binding letter of intent with Pathfinder Minerals for the sale of Liberty Moly LLC and all assets owned by the company for the Liberty Project.

Upon execution of a definitive purchase agreement and transfer of title on or before September 15, 2020, Pathfinder will make an additional payment of $1,000,000 to the company. A further $1,000,000 will be payable on completion of commissioning of a production plant of any metal commodity on the property. General Moly will retain a 3 percent net smelter return royalty on molybdenum production from the property.

About General Moly
General Moly is a U.S.-based, molybdenum mineral exploration and development company. The company’s primary asset, an 80 percent interest in the Mt. Hope Project located in central Nevada, is considered one of the world’s largest and highest grade molybdenum deposits. General Moly’s goal is to become the largest primary molybdenum producer in the world.

Molybdenum is a metallic element used primarily as an alloy agent in steel manufacturing. When added to steel, molybdenum enhances steel strength, resistance to corrosion and extreme temperature performance. In the chemical and petrochemical industries, molybdenum is used in catalysts, especially for cleaner burning fuels by removing sulfur from liquid fuels, and in corrosion inhibitors, high performance lubricants and polymers.

To stop by General Moly’s website, CLICK HERE

About Pathfinder
Pathfinder is a private, junior exploration and development company based in Reno.

To stop by Pathfinder’s website, CLICK HERE

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