Author: Eureka Sentinel

General Moly cutting costs while pursuing financing for Mt. Hope

The company in charge of the stalled Mt. Hope mining project is slashing executive salaries and looking for other ways to cut costs as it seeks new funding to one day get the mine in operation. General  Moly Inc. said it cut the cash compensation for its CEO and members of its Board of Directors by 25 percent, with other senior employees getting pay cuts of between 10 and 20 percent. The move comes as the company tries to find funding for the molybdenum mine outside of Eureka. At the same time, General  Moly said it is putting up cash and other incentives to keep key employees from leaving the company. They would get the payoffs if they stay through Jan. 15, 2015. “As we continue to develop a full financing package that provides the best outcomes for our stockholders in the current market, the company is taking prudent steps to reduce planned expenditures that maximize our financial flexibility and secure readiness for the rapid start of construction activities at Mt. Hope,’’ said Bruce D. Hansen, chief executive officer. “Our carefully crafted program maintains liquidity by reducing engineering, administrative and procurement expenses, trimming our expenditures from $2-3 million per month to less than $1.5 million per month.” Almost all activity at the mine has been halted in the wake of the collapse of a deal with a Chinese company...

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Ellen Marie Damele

Ellen Marie Damele January 4, 1920 – September 7, 2013 Mom was born in Pocatello, Idaho, January 4, 1920, to Lincoln and Julie Holley.  She was raised in Ruth, Nevada and went to White Pine High School, however; her education was cut short when she married her late husband Leo Damele, Sr. August 4, 1936, in Elko, Nevada. Thus began a long and rigorous life in the ranching business at the Tonkin and JD Ranches where, along with her sister Nita, who married Charles Damele, Leo’s brother,  they raised their families and fed hungry hay crews. She finished her...

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Hay contest winners announced

The University of Nevada Cooperative Extension, in cooperation with other supporters, sponsored the Eureka County Fair Hay Contest Aug. 9 at the Eureka County Fairgrounds. Hay entries were judged by Mylen Bohle from Oregon State University Extension. The entries were ranked using the Hay Quality Sensory Evaluation Guidelines evaluation system, which accounts for protein, fiber digestibility and energy. Entries competed in five classes: alfalfa, timothy, orchard grass, mixed hay and grain hay. Bob Burnham captured Overall Grand Champion in the contest with an entry in the timothy category. Mark Moyle Farm received the Overall Reserve Champion. Other category winners...

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4-H results from the Eureka County Fair

Now that another Eureka County Fair has come and gone, 4-H members can be very proud of themselves.  Several livestock exhibits were shown at the 4-H Livestock Show and Sale on Friday and Saturday during the fair.  28 4-H members from the communities of Eureka, Crescent Valley, and Austin showed sheep, beef, pigs, goats, rabbit, and poultry projects this year.  Jimmy Lotspeich of Spanish Fork, Utah,  judged the livestock show, while Crissy Hubbard of Eureka judged the small animal show.  Highlights from the Livestock show include Joe Bailey receiving “Grand Champion Market Lamb”, Quade Filippini earning “Grand Champion Market...

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County looks to increase broadband access use

Eureka County now has an action plan to make way for greater technology use across the community and pave the way for a brighter economic future. The Technology Action Plan was unveiled earlier this month as part of Eureka County’s participation in the Connected Community Engagement Program through the Connect Nevada initiative. Fourteen Nevada communities are currently involved in some stage of the Connected program. The occasion was marked with a public event at the Eureka Opera House where Eureka County officials were presented with a detailed action plan for the future. “High-speed Internet access is extremely important, especially if we are going to progress and create jobs and have continued opportunities for the citizens of our community,” said Eureka Community Champion Mike Rebaleati. “We are extremely excited about the Connected effort and the collaboration it has engendered among the different agencies throughout the region.” Participation in the Connected program means Eureka County has gone through an extensive assessment of its overall broadband and technology innovation. The Technology Action Plan sets general community-wide broadband connectivity requirements to be worked toward that will support economic development and residential quality of life. Some of Eureka County’s top goals from the new plan are developing computer literacy and social networking classes for senior centers, connecting all local school classrooms to the Internet, doing a county-wide bandwidth upgrade, and improving online business services...

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