General Moly, Inc. announced that the Company and its U.S. subsidiaries filed for voluntary protection under Chapter 11 ("Chapter 11") of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Colorado (the "Bankruptcy Court") to pursue a financial and operational reorganization designed to allow the Company to reduce its outstanding liabilities and strengthen its overall financial position while best positioning the business for long-term success under new ownership. In addition, the Company announced that Bruce D. Hansen, director of the company and directors Mark A. Lettes and Gary A. Loving have resigned from their positions as directors of the Company, effective upon the Chapter 11 filing.