General Moly, Inc. announced that the company, through a subsidiary, received all the necessary water permits from the Nevada State Engineer for the Mt. Hope molybdenum project in Nevada. In addition, the period for judicial review of Nevada State Engineer's approval of the water applications for the issuance of the water permits has expired and no requests for review were received. The receipt of the permits triggers the obligation of the Company's largest shareholder, AMER International Group ("AMER") to invest $10 million for 20 million common shares priced at $0.50 per share ("Tranche 3") in the existing amended Investment Securities Purchase Agreement ("Agreement"). After the Tranche 3 of the Agreement closes, AMER may nominate a second director to the Company's Board of Directors. Pursuant to the Agreement the Company has provided formal notice to its largest shareholder, AMER. AMER has two business days until the close of business on Tuesday, July 30, 2019 to fund and close Tranche 3. AMER has provided the Company with a letter indicating that AMER is considering terminating the Agreement based on alleged uncured material adverse effects and alleged breaches of the Agreement by the Company (which include concerns related to US/China relations, concerns regarding the delay in obtaining environmental permits and solvency concerns).