General Moly (GMO) Reports Q2 Loss of $0.02

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General Moly Reports Second Quarter Results

August 8, 2016 5:00 AM EDT

LAKEWOOD, Colo., Aug. 8, 2016 /PRNewswire/ -- General Moly, Inc. (the "Company" or "General Moly") (NYSE MKT and TSX: GMO) finished the second quarter of 2016 with a cash balance of approximately $12.3 million and $17.3 million in restricted cash, reiterating prior guidance of solid financial liquidity to run its current business activities into early 2018.

Second quarter highlights:

The Company continued to prudently manage liquidity, with Corporate and Liberty spend at $1.7 million in the second... More