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General Moly Inc.

10:18 AM EST - General Moly Inc. : Announced that the Kobeh Valley, Nevada ranching family's protests to the Mt. Hope Project's water rights applications pending before the Nevada State Engineer have been formally withdrawn in exchange for the funding of the initial $1 million payment to a trust account. The release of funds to the Ranchers is pending issuance of the water permits from the Nevada State Engineer. General Moly Inc. shares T.GMO are trading up $0.005 at $0.44.