Pathfinder Minerals LLC entered into a binding letter of intent to acquire Liberty project of General Moly, Inc. (AMEX:GMO) for $3 million on September 1, 2020. Pathfinder Minerals LLC entered into a definitive Purchase Agreement to acquire Liberty Project of General Moly, Inc. on September 15, 2020. The sale includes all assets owned by General Moly, Inc. that constitute the Liberty project. As reported, Pathfinder paid General Moly $1 million in cash upon execution of the letter of intent. Upon execution of a definitive purchase agreement and transfer of title on or before September 15, 2020, Pathfinder will make an additional payment of $1 million to General Moly. A further $1 million will be payable on completion of commissioning of a production plant of any metal commodity on the property. General Moly, Inc. will retain a 3% net smelter return royalty on molybdenum production from the property.