General Moly Announces Departure of its Chief Financial Officer

General Moly, Inc. announced that effective May 12, 2017 Lee M. Shumway, Chief Financial Officer and Principal Accounting Officer, will depart from the Company. Mr. Shumway informed the Company last week that effective July 1, 2017 he has accepted the call from The Church of Jesus Christ of Latter-day Saints to serve as one of the Church’s international mission presidents. Through mid-May, Mr. Shumway will continue with the Company in his current roles.

Bruce D. Hansen , Chief Executive Officer of General Moly, said, “We support Lee’s acceptance of this call from his church. Lee and his family’s affiliation and service to their church and community exemplify the foundation of Lee’s leadership and support that he has shared with the Company and the community over the past nine and half years. We wish the best to Lee and his wife as they embark on this new assignment. We will continue with our current management structure in the interim, and will evaluate opportunities to fill Lee’s roles and responsibilities internally and externally over the coming months.

Lee M. Shumway , Chief Financial Officer of General Moly, said, “Although I am grateful to accept the call of my church, it is difficult to depart from the opportunities that have been presented to me at General Moly. I continue to be excited for the future prospects of the Company and its assets, the ongoing determination and skill of its employees and the unwavering commitment of its board of directors.”