COMMON STOCK UNITS, COMMON STOCK AND COMMON STOCK WARRANTS

9 Months Ended

Sep. 30, 2011

COMMON STOCK UNITS, COMMON STOCK AND COMMON STOCK WARRANTS

COMMON STOCK UNITS, COMMON STOCK AND COMMON STOCK WARRANTS

NOTE 5 — COMMON STOCK UNITS, COMMON STOCK AND COMMON STOCK WARRANTS

During the three and nine months ended September 30, 2011, we issued 17,760 and 353,376 shares of common stock, respectively, pursuant to stock awards under the Company’s equity incentive plans.

At September 30, 2011, we had warrants outstanding totaling 1,000,000, which are exercisable at $5.00 per share once General Moly has received financing necessary for the commencement of commercial production at the Mt. Hope Project and will expire one year afterwards.

Pursuant to our Certificate of Incorporation, we are authorized to issue 200,000,000 shares of $0.001 par value common stock.  All shares have equal voting rights, are non-assessable and have one vote per share.  Voting rights are not cumulative and therefore, the holders of more than 50% of the common stock could, if they choose to do so, elect all of the directors of the Company.