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EX-99.1 - PRESS RELEASE - General Moly, Inc | gmo_ex991.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of
Earliest Event Reported: September
30, 2020
General Moly, Inc.
(Exact name of registrant as specified in its charter)
Delaware
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001-32986
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91-0232000
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(State or other jurisdiction
of incorporation)
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(Commission
file number)
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(IRS employer
identification no.)
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1726 Cole Blvd., Suite 115
Lakewood, CO 80401
(Address of principal executive offices, including zip
code)
(303) 928-8599
(Registrant’s telephone number, including area
code)
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2
below):
☐
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 210.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)
Securities
registered pursuant to Section 12(b) of the Act:
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Title
of each class
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Trading
Symbol(s)
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Name of
each exchange on which registered
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Common Stock, par value $0.001 per share
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GMO
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NYSE American and Toronto Stock Exchange
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Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (§240.12b-2 of this chapter)
Emerging growth
company ☐
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act.
☐
Item
3.01
Notice
of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing
As
previously disclosed, on August 31, 2020, General Moly, Inc. (the
“Company”) received a letter (the “Letter”)
from the NYSE American LLC (the “Exchange”) indicating
that the Company was below compliance with Sections 1003(a)(i),
1003(a)(ii), and Section 1003(a)(iii) of the NYSE American Company
Guide (the “Company Guide”), which require minimum
levels of stockholders’ equity for companies with histories
of net losses. The Letter stated that the Company had until
September 30, 2020, to submit a plan of compliance to address how
it intended to regain compliance with the referenced sections of
the Company Guide by February 28, 2022.
On
September 30, 2020, the Company notified the Exchange that it did
not intend to submit a plan of compliance. The Exchange also found
that the Company had fallen below the low selling price requirement
of Section 1003(f)(v) of the Company Guide. As a result, the
Exchange has determined that the Company is no longer suitable for
listing pursuant to Section 1009 of the Company Guide. Accordingly,
the Exchange has suspended trading in the Company’s common
stock and will initiate delisting proceedings.
A copy
of the Company’s press release dated October 1, 2020,
regarding the foregoing matters is filed as Exhibit 99.1 to this
Current Report on Form 8−K and is incorporated herein by
reference.
Item
9.01
Financial
Statements and Exhibits
(d) Exhibits
Exhibit
No.
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Description
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Press
Release of General Moly, Inc. dated October 1, 2020.
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SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the Company
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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GENERAL MOLY,
INC.
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Dated: October 1,
2020
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By:
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/s/ Amanda
Corrion
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Amanda
Corrion
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Principal
Accounting Officer
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