GENERAL MOLY INC. (GMO $3.18, Rating Raised to OVERWEIGHT From NEUTRAL, Price Target Raised to $6 from $1); HANLONG AGREEMENT, PROGRESS IN DRAFT EIS, AND BETTER GLOBAL STEEL OUTPUT MOVES COMPANY CLOSER TOWARD FULL PRODUCTION 7/7/2010

GENERAL MOLY INC. (GMO $3.18, Rating Raised to OVERWEIGHT From
NEUTRAL, Price Target Raised to $6 from $1); HANLONG AGREEMENT,
PROGRESS IN DRAFT EIS, AND BETTER GLOBAL STEEL OUTPUT MOVES
COMPANY CLOSER TOWARD FULL PRODUCTION  7/7/2010