UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of
Earliest Event Reported: November
16, 2020
General Moly, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
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001-32986
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91-0232000
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(State or other jurisdictionof incorporation)
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(Commissionfile number)
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(IRS employeridentification no.)
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1726 Cole Blvd., Suite 115
Lakewood, CO 80401
(Address of principal executive offices, including zip
code)
(303) 928-8599
(Registrant’s telephone number, including area
code)
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2
below):
☐
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 210.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)
Securities
registered pursuant to Section 12(b) of the Act:
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Title
of each class
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Trading
Symbol(s)
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Name of
each exchange on which registered
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Common Stock, par value $0.001 per share
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GMO
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Toronto Stock Exchange
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Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (§240.12b-2 of this chapter)
Emerging growth
company ☐
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act.
☐
Item
8.01
Other
Events.
General
Moly (the “Company”) has not filed its Quarterly Report
on Form 10-Q for the quarter ended September 30, 2020, which is due
today. The Company does not anticipate filing this report or other
periodic reports going forward.
The
Company has a significant working capital deficit and there remains
substantial doubt about the Company’s ability to continue as
a going concern. The Company has very limited amounts of cash on
hand and no sources of revenue which makes it likely that it will
be forced to cease operations and pursue restructuring or
liquidation alternatives, including the filing for bankruptcy
protection in the very near future, in which event the
Company’s common stock would likely become worthless and
investors would likely lose their entire investment in the Company.
In addition, holders of the Company's outstanding convertible
preferred stock and senior notes would likely receive significantly
less than the principal amount of their claims and possibly, no
recovery at all. As of the date of this filing, the Company has no
likely sources for, or commitments with respect to, additional
funding.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the Company
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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GENERAL MOLY,
INC.
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Dated: November 16,
2020
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By:
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/s/
R.
Scott Roswell
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R. Scott
Roswell
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Chief
Legal Officer
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