General Moly, Inc. (AMEX:GMO) announced that the Company will enter the next phase of its evaluation of strategic alternatives. This initiative will be supported by the backdrop of a positive molybdenum market outlook and by the benefit of the Company's many accomplishments of 2019, underscored by the Mt. The Company is working with its financial advisors on securing incremental financing and evaluating other strategic alternatives, including the potential addition of new Mt. Hope Project partners, additional Corporate Strategic investors, merger opportunities, and/or the possible sale or privatization of the Company. The Company's financial advisors are XMS Capital Partners, LLC, Headwall Partners LLC, and Odinbrook Global Advisors LLC.