General Moly, Inc. Reports Consolidated Earnings Results for the Second Quarter Ended June 30, 2018; Provides Cash Burn Guidance for the Full Year of 2018
The company ended the second quarter with $4.7 million in unrestricted cash and equivalents. Consistent with guidance in its March 13, 2018 release, the company anticipates its quarterly unrestricted cash burn rate to average approximately $1.3 million per quarter for the full year 2018, excluding the Cu-Ag Target drill program.