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Stocks in play: General Moly, Inc.

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Received approval of its water right applications for the Mt. Hope molybdenum project in Nevada. On June 6, the Nevada State Engineer issued Ruling 6464 granting the Company's water right applications for mining purposes. The specific water right permits for the Mt. Hope Project are anticipated to be issued following completion of administrative paperwork later next week. With receipt of and in compliance with the terms of the water permits, the water will be available for consumptive use. General Moly, Inc. shares T.GMO are trading up $0.02 at $0.54.