Pure-Play Molybdenum Opportunity

Bruce D. Hansen Chief Executive Officer

Marketing with H.C. Wainwright New York

April 23, 2018

GMO: NYSE AMER & TSX

GMONYSE AMER

& TSX

Cautionary StatementsStatements herein that are not historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act, as amended and Section 21E of the Securities Exchange Act of 1934, as amended and are intended to be covered by the safe harbor created by such sections. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected, or implied by the Company. These risks and uncertainties include, but are not limited to metals price and production volatility, global economic conditions, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, exploration risks and results, political, operational and project development risks, including the Company's ability to obtain a re-grant of its water permits and Record of Decision, ability to maintain required federal and state permits to continue construction, and commence production of molybdenum, copper, silver, lead or zinc, ability to identify any economic mineral reserves of copper, silver, lead or zinc; ability of the Company to obtain approval of its joint venture partner at the Mt. Hope Project in order to mine for copper, silver, lead or zinc, ability to raise required project financing or funding to pursue an exploration program related to potential copper, silver lead or zinc deposits at Mt. Hope, ability to respond to adverse governmental regulation and judicial outcomes, and ability to maintain and /or adjust estimates related to cost of production, capital, operating and exploration expenditures. For a detailed discussion of risks and other factors that may impact these forward looking statements, please refer to the Risk Factors and other discussion contained in the Company's quarterly and annual periodic reports on Forms 10-Q and 10-K, on file with the SEC. The Company undertakes no obligation to update forward-looking statements.

Cautionary Note to U.S. Investors Concerning Estimates of Reserves and Resources

Calculations with respect to "proven reserves" and "probable reserves" referred to herein have been made in accordance with, and using thedefinitions of National Instrument 43-101, as required by Canadian securities regulatory authorities. For United States reporting purposes, theU.S. SEC applies a different standard in order to classify mineralization as a "reserve". Under SEC standards, mineralization may not beclassified as a "reserve" unless the determination has been made that the mineralization could be economically and legally extracted orproduced at the time the reserve determination is made. No such determinations have been made with respect to any mineralization at theLiberty project, and it cannot be assured that such a determination will be made. This presentation also uses the terms “measured”,“indicated” and “inferred” resources. We caution U.S. investors that while such terms are recognized and required by Canadian SecuritiesAdministrators pursuant to the National Instrument 43-101, the SEC does not recognize them. U.S. investors are cautioned not to assume thatany part or all of mineral deposits in these categories will ever be converted into reserves. “Inferred Resources”, in particular, have a greatamount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all orany part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian Securities Administration rules,estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies. U.S. investors are cautioned not toassume that part or all of an inferred resource exists, or is economically or legally minable.

Please refer to End Notes in the Appendix.

The Qualified Person’s statement related to exploration is in End Note 5 in the Appendix.

2

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GMONYSE AMER

& TSX

Investment Highlights – only pure-play, western exchange traded moly stock

Mt. Hope Project,

one of world’s

largest & highest

grade moly

deposits, and

previously mined

Liberty Project

Exploration of

high-grade Cu-Ag

Target and zinc

potential i

World-Class Moly with Cu-

Ag-Zn Potential

Medium-Term Producer

Strategic

PartnershipsTangible

ValueFinancial

Stability

Mt. Hope Project

bankable feasibility

complete; 65%

engineered

Completed new air

quality analysis to

advance

Supplemental EIS

Water rights

hearing set

Develop upon

sustained market

improvement &

financing

Strategic

relationship with

largest share-

holder, Chinese

multinational

AMER

Mt. Hope partner-

ship with Korean

POSCO unit

Off-take sales

agreements with

international

companies –

ArcelorMittal,

SeAH Besteel and

Sojitz

80% interest in

$87.9M of plant &

mine equipment at

Mt. Hope Project

$21.1M in other

tangible Company

assets

Year-end 2017

cash $6.7M i

Mt. Hope Project

restricted cash of

$9.9M sufficient to

sustain project into

2022 i

i. Please see the Company’s 4Q and 2017 results news release on March 13, 2018.

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GMONYSE AMER

& TSX

Capital Structure

Major institutional shareholders:1. AMER 22.1%

2. Hanlong 9.3%

3. APERAM AMO Holding i 6.5%

4. Vanguard Group 1.7%

5. Blackrock Fund Advisors 1.2%

Insider ownership total ii 26.9%

Bruce Hansen, CEO 2.5%

Other senior management 1.5%

Research coverage Heiko Ihle, H.C. Wainwright

John Tumazos, John Tumazos Very Independent Research

Exchanges: TickerNYSE AMER; TSX: GMO

Recent stock price $0.38

Stock 52-week high/low $0.53/$0.28

Shares outstanding (M) 126.8

Recent moly price iii $11.90

Moly 52-week high/low iii$13.00/$6.85

Financial Highlights iv (M) 12/31/2017

Cash and cash equivalents $6.7

Working capital $5.7

Restricted cash at Mt. Hope $9.9

Long-term debt & sr. convert. $7.1

Total shareholders’ equity $107.8i. APERAM, the former stainless steel division of ArcelorMittal, was spun off as a separate public company in 2011.ii. Insider ownership includes AMER shareholdings on basic shares outstanding.iii. Source: Plattsiv. Please refer to the Company’s 4Q & 2017 results news release of March 13, 2018.

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GMONYSE AMER

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Moly Price Rising

i Chart Source: Bloomberg, BMO Capital Markets, 4/10/18.ii. Source: World Bank

Current moly price/ lb

Up 74% from 52-weeklow of $6.85= $11.90 =

Growth catalysts for moly

Synchronized global economic expansion

Global economic growth projected at 3.1% in 2018ii

Further growth in China and India

China to grow 6.4% in 2018, after 6.8% growth in 2017ii

India to grow 7.3% in 2018 vs. 6.7% in 2017ii

Late business cycle positive for commodities

Moly is a late-stage industrial metal

Looming inflation

Inverse relationship of greenback and metals

Weaker dollar-priced metals allow China/ foreign buyers greater purchasing power

Strengthening metals demand amidst supply constriction

CPM expects byproduct moly supply to peak in 2019

Sierra Gorda Mine to produce 15-20% lower output in 2018 compared with 2017.

Moly, 3rd best appreciation after cobalt and alumina (past one year)

6

$0

$5

$10

$15

$20

$25

$30

$35

$40

J-06 J-07 J-08 J-09 J-10 J-11 J-12 J-13 J-14 J-15 J-16 J-17 J-18 J-19 J-20 J-21 J-22 J-23

Nominal Prices Real Price Projection Nominal Price Projections

Molybdenum Price Projections

Historical Prices 2006-To Date i CPM Price Projections ii

i. Source: Plattsii. CPM Group’s October 2017 Molybdenum Market Outlook Update Report projected real prices based on 2017 real dollars.

2018 price projection updated in February 2018.

10.35

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019p 2020p 2021p 2022p 2023p

$12.80 $12.60$14.15

(Base: 2017)

$14.00

Current moly price

$11.90

$10.00

$13.51$15.09

$10.73

$15.60$14.25

More than doubled from

Nov 2015

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GMONYSE AMER

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Industrial Metals versus EquitiesS&P GSCI Industrial Metals Index (SPGSINTR)/ S&P 500 Index (SPX)

(From inception of SPGSINTR January 7, 1977-April 13, 2018)

Source: Bloomberg

0

0.5

1

1.5

2

2.5

J-77 J-79 J-81 J-83 J-85 J-87 J-89 J-91 J-93 J-95 J-97 J-99 J-01 J-03 J-05 J-07 J-09 J-11 J-13 J-15 J-17

Energy Crisis

Black Monday

Gulf Crisis

Dot.com Bubble

Current: Bottom Forming

Global Financial

Crisis

1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2018

GMONYSE AMER

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Demand:Diverse End Uses of Moly

8Source: SMR Research

5%

3%

4%

6%

7%

8%

10%

13%

15%

15%

15%

Other Applications

Electronics & Medical

Aerospace & Defense

Building & Construction

Power Generation

Other Transportation

Process Industry

Mechanical Engineering

Automotive

Chemical / Petrochemical

Oil & Gas Oil & Gas - Refinery catalysts, LNG development, shale gas installations, off-shore /deep ocean oil production

Chemical / Petrochemical - Corrosion inhibitors, chemical catalysts, fertilizers, waste water treatment

Automotive - Engines, pistons, crankshafts, axle shafts, steering components

Mechanical Engineering - Heavy machinery, mining equipment, cutting tools

Process Industry - Food processing equipment and storage, metal / steel processing, desalination

Other Transportation - Locomotive shafts, train wheels, brake pads, shipbuilding (bulkheads and hulls)

Power Generation - Coal, oil, gas and nuclear power plants, wind turbines, hydro and solar energy

Building & Construction - Major infrastructure: bridges & tunnels, anchors, rebars, heating / ventilation systems

Aerospace & Defense - Turbine parts, jet engines, landing gear, piping systems, armored vehicles

Electronics & Medical - Semiconductors, pharmaceutical and biotechnology processing equipment, x-ray tubes

Other Applications - Pigments, coatings, lubricants

Energy & Transportation

45%

GMONYSE AMER

& TSX

Supply: Molybdenum Costs Curve

9

World Molybdenum Cash Operating Costs, 2016 i

US cents/lb pro-rata; no credits

i. Chart represents approximately 93% of total molybdenum production. Source: CPM Group, SNL and company documents.ii.First five years of Optional Plan for Mt. Hope.

Mt. Hope’s Optional Plan cash operating costs $6.28/lb iii

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Ownership 80% General Moly; 20% POSCO

Status Pre-constructionwork suspended

Estimated life * 30 years

Remaining capex, 100% $1.03B

First 5 years*:

40M lbs/year$6.28 cash op. costs/lb

General Moly’s 80% interest LOM*:

NPV = $734M IRR = 18%After-tax, undiscounted cash flow= $3.8B

Flagship Mt. Hope –A World-Class Moly Project

Among the largest and lowest-cost primary development projects

Invested $289M in permitting & long-lead equipment

Obtain reinstatement of the BLM’s Record of Decision and Nevada water permits i

Mining friendly location in Nevada

Outlook: Improved financing ability with AMER upon market improvement

i See Slides 30 and 31 in the Appendix.* End Note 1 in the Appendix.

Reno

BattleMountain

Winnemucca

Carlin

Elko Wells

Austin Eureka Ely

Tonopah

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GMONYSE AMER

& TSX

General Moly’s Partnerships for Mt. Hope

POS-Minerals, unit of Korean POSCO, owns 20% interest in the Mt. Hope Project

Entitled to 8M lbs of annual production Contributed $210M to development

World’s largest steel producer & Luxembourg based General Moly’s largest customer

Off-take agreements with Korean and Japanese companies

Combined with ArcelorMittal sales contract, approximately 50% of General Moly production (15.5M lbs) committed for first 5 years

Sales contracts’ floor prices of

$13.75 - $14.40Covers 37% of General Moly production

(11.5M lbs/yr) over first 5 years

Sales contracts’ upside participation

80% of price

Above floor price

GMONYSE AMER

& TSX

Strategic Partner & Largest Shareholder: AMER

12i. Source for AMER background: Fortune, Forbes & AMER’s website.* See End Note 2 in the Appendix.

AMER International Group Snapshot i

Largest GMO shareholder

22% stake from Tranche 1& 227.9M shares + warrants

Three-trancheinvestment in General Moly *

Invested $4M in 2015 and $6M in 2017.Potential Tranche 3 for additional $10M.

Fortune Global 500 ranking

Privately owned; 183rd on annual revenues of $49.7B

Majorbusinesses

Non-ferrous metals (copper mining, downstream wire/cable fabrication & trading); value-added manufacturing of semi-conductors & polymers

Employees Over 17,000

Headquarters Shenzhen, China

Chairman Mr. Wang Wenyin, ranked 11th richest billionaire in China in 2017 by Forbes

Chairman Wang, August 2017:

“We are confident about a rewarding future from a quality management team, the development of the Mt. Hope Project as the best, low-cost primary molybdenum asset in the world and continued increases in the molybdenum price.”

GMONYSE AMER

& TSX

Key Terms of Investment Agreement*

13* See End Note 2 in the Appendix.

Bank LoanTo develop Mt. HopeTo Come:

Tranche 3 $10MClosed

Tranche 2$6MClosed

Tranche 1$4M

November 2015:

$4M private

placement by

AMER at

$0.30/share

October 2017:

Closed $6M

private placement

by AMER at

$0.41/share

$10M private

placement by

AMER to be

priced at

$0.50/share upon

meeting certain

conditions

AMER will help

procure and

support a $700M

Bank Loan from

major Chinese

banks for

development of

the Mt. Hope

Project upon

molybdenum

market

improvement

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GMONYSE AMER

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Joint Business DevelopmentEvaluating Opportunities for Mutual Benefit

Examining potential outright acquisitions, privatizations or significant minority investments with financing support

Focus on base or ferroalloy opportunities

General Moly may participate in value creation by

Retaining a minority interest,

Generating management fees, or

Acquiring non-core assets

Presentations to AMER’s Overseas Investment Committee

Photos from AMER’s website.

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GMONYSE AMER

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Copper, Silver & Zinc Exploration Potential at Mt. Hope Project

Company staff analyzed historical drill results and data, revealing copper, silver and zinc potential

Identified high-grade Cu-Ag Target and significant zinc mineralized area, southeast of Mt. Hope molybdenum depositi

Ground-based IP survey indicates fairly continuous group of high chargeability anomalies appear aligned with the Cu-Ag Targeti

Historical drill intercept highlights at the Cu-Ag Target MHMI Jensen DDH-3:

2.24% Cu and 4.9 opt Ag over 9’

6.34% Cu over 21’, including 6.18% Cu and 13.7 opt Ag over 2’, and 7.0% Cu over 17’

MHMI Jensen DDH-5:

4.88% Cu and 9.6 opt Ag over 14’, including 13.91% Cu and 29.62 opt Ag over 2’ and 3.58% Cu and 7.0 opt Ag over 8’

Phillips UPMH-2:

3.08% Cu over 13.5’

1.98% Cu and 4.55 opt Ag over 23’

i. Please refer to Company news release of March 1, 2018. Please also see End Note 5 in the Appendix.

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GMONYSE AMER

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Cu-Ag-Zn Exploration Plan Mapi, Mt. Hope

i. Please refer to Company news release of March 1, 2018. Please also see End Note 5 in the Appendix.

Reno

BattleMountain

Winnemucca

Carlin

Elko Wells

Austin Eureka Ely

Tonopah

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GMONYSE AMER

& TSX

Titan 3D IP Survey Line 3, Cross-Section of Cu-Ag Targeti, Looking NE, at Mt. Hope

i. Please refer to Company news release of April 5 and March 1, 2018. Please also see End Note 5 in the Appendix.

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GMONYSE AMER

& TSX

Copper, Silver & Zinc Exploration in 2018i

Potential of anomalous zinc mineralized area of interest Halo of 2% zinc historical drill intercepts covers ~17 acres, below

previously mined horizons of zinc, open at depth and to northeast

Located at less than 400 feet deep and potentially surface mineable

Cu-Ag Target appears to be 600-700 feet from surface, potentially accessible by decline ramp IP results indicate high chargeability zone with thicknesses of 200’- 800’,

up to 1,000’ wide and extending over 1,000’ north-northeast trend

IP results indicate that anomalous zone is open at depth

Outlook: Exploration goal over time is to define sufficient tonnage to economically

justify underground operation with either toll milling or development of small mill (1,000-2,000 tpd)

2018 exploration will entail review of historical logs and core, further review of IP results and geologic and lithological interpretation to define a new drilling program

Company may require financing to fund a full 2018 exploration program. Any exploitation of minerals will require POSCO approval.

i. Please refer to Company news releases of April 5 and March 1, 2018. Please also see End Note 5 in the Appendix.

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GMONYSE AMER

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First 5 years*:

14M Mo lbs

& 7.5M Cu lbs /year

$7.79 cash op. costs/lb Mo

LOM NPV* = $325M IRR* = 17%LOM after-tax, undisc. cash flow*= $1.7B

Next Up –Liberty Moly-Copper Project

Another world-class moly asset

Previously mined for molybdenum and copper Significant infrastructure remains

(electrical, roads, truck shops)

Mining friendly location in Nevada

Outlook: Advancement to Feasibility Study contingent on market improvement

Ownership 100%

Status Completed PFS

Estimated life* 32 years

Capex* $366M

Reno

BattleMountain

Winnemucca

Carlin

Elko Wells

Austin

Eureka Ely

Tonopah

* See End Note 3 in the Appendix.

GMONYSE AMER

& TSX

NPV Shows Significant Leverage to Rising Moly Prices

Mt. Hope, Liberty and Combined NPV* ($M)

20

$289

$734

$1,194

$85

$325

$559

$12.50 $15.00 $17.50

Mt. Hope Liberty

Molybdenum price/lb

$374

$1,059

$1,753

* See End Notes 1, 3 and 4 in the Appendix.

Current moly price level

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GMONYSE AMER

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General Moly has Significant Leverageto the Molybdenum Price

Every $1/lb change in moly price between $10-$20/lb* NPV

Mt. Hope Project +/- $180M

Liberty Project +/- $95M

General Moly Total NPV +/- $275M

Projects’ Breakeven Prices

Mt. Hope NPV breakeven price /lb $10.82

Mt. Hope cash flow breakeven price /lb $9.35

Liberty NPV breakeven price /lb $11.64

Liberty cash flow breakeven price /lb $9.58

* See End Note 4 in the Appendix.

GMONYSE AMER

& TSX

Significant Tangible Asset Value

22

(M, except per share) Current

Cash and cash equivalents (Corporate) i $ 6.7

Restricted cash to be used for loan procurement fund orbusiness opportunities i 1.0

Share of Mt. Hope Project cash(Restricted cash) i 7.9

Share of Mt. Hope’s property, plant & equipment ii 70.3

Cost basis in land, water rights & Liberty Project i 21.0

Long-term debt and convertible debt i (7.1)

Net Tangible Assets $99.8

Net Tangible Assets/GMO share $0.79

i. Please refer to the Company’s Form 10-K for the year ended December 31, 2017, filed on March 13, 2018.ii. Represents Company’s 80% ownership of $87.9M in PP&E in the Consolidated Balance Sheets.

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GMONYSE AMER

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2018 Priorities

Leverage internal skills working with AMER to identify value-accretive

opportunities with a focus on base metal prospects

Advance exploration of copper, silver and zinc at Mt. Hope with geologic and

lithological analysis to define new drilling program;

scope of exploration work may be subject to financing and any exploitation of

minerals will require POSCO approval

Effect reinstatement of the ROD, and reissuance of permits for water rights at

the Mt. Hope Project i

Maintain existing state permits for the Mt. Hope and Liberty Projects

Prudently manage financial liquidity and flexibility to sustain the Company over

the medium term

i See Slides 31 and 32 in the Appendix.

GMONYSE AMER

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Appendix

24

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Molybdenum Market Signals:Emerging Secular Upward Moly Market Trend

Market signals include Stable oil prices

Renewed global industrial expansion; highly correlated to moly

Continued economic growth in China, India, Russia, Indonesia and Brazil

Continued growth in steel and higher quality steel production

Molybdenum prices settling into higher ranges

Growth in moly metal, alloy and chemical uses start to exceed projections

-

20

40

60

80

100

120

140

160

Full alloy Stainless HSLA Tool Carbon Cast iron Mo

Metal/Alloys

Superalloys Catalysts Other

Chemicals

2016 2025p

Note: Other Chemicals includes lubricants, pigments, and other chemical demand; Source: CPM Group

Molybdenum Demand Projections, by End-Use

Million Pounds

3.2% 3.5%

3.8% 3.8%

1.3% 1.9% 3.5%

3.8%

4.0% 5.2%

Percentage = CAGR 2016-2025p

GMONYSE AMER

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Experienced Management Team

26

CEO and a Director since 2007.

Previously served in multiple executive roles at Newmont, including Chief Financial Officer and Senior VP, Operations Services & Development, and was Senior VP, Corporate Development for Santa Fe Pacific Gold. Executed numerous financings and M&A transactions.

COO since 2012; joined in 2007 as VP Engineering & Construction.

Over 35 years in mine operations, project engineering and construction. Previously served as general manager of Phelps Dodge’s Morenci Mine, one of the largest open-pit/concentrator operations in the world.

Chief Legal Officer since 2015; joined in 2010 as VP HR and Corporate Counsel. Formerly served as General Counsel and Executive Vice President of Law and Human

Resources at Flatiron Financial Services and as in-house counsel for Qwest and US West. Financing and corporate deal experience, including cross-border transactions.

Manager of Engineering and Development since 2008.

Over 38 years of industry experience. Previously worked for Rio Tinto, Phelps Dodge and Freeport-McMoRan in operations, technical services, research and development, project management and M&A.

Mike IannacchioneVP & GM Mt. Hope

Chuck MaxwellManager Engineering &

Development

Scott RoswellChief Legal Officer & VP HR

Bob Pennington Chief Operating Officer

Bruce HansenChief Executive Officer &

Chief Financial Officer

Vice President of Permitting and Environmental Compliance since joining in 2006.

More than 25 years industry experience, including extensive work in Nevada Previously served as Operations Environmental Permitting Manager with Newmont

Pat RogersVP Permit. & Envir. Comp.

Recently appointed Principal Accounting Officer; Controller since 2016. Joined 2008.

Previously served in audit at KPMG. CPA since 2009 and has a Chartered Global Mgt. Accountant certificate from the American Inst. of Certified Public Accountants.

Amanda CorrionPrincipal Accnt. Officer &

Controller

Admin. Services Manager since 2012.

CPA and former long-time Controller and Supply Chain Director of Nevada operations for Newmont. Prior finance and accounting roles at Lockheed Aircraft and Red Lion Inn and Casino.

Alan LondonAdmin. Services Manager

27

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$-

$5

$10

$15

$20

$25

$30

$35

$40

$45

$5 $10 $15 $20 $25 $30 $35 $40

General Moly has Significant Leverage to the Molybdenum Price with Downside Protection

Moly Spot Price

Realized Price

Downside price protection

Discount to spot above floor price

Price Protection from Off-Take Arrangements

GMO Share Price (RHS)

Moly Price/lb(LHS)

2007 2009 2011 2013 2015 2017 2018

GMONYSE AMER

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Structural Change:

Continued Moly Demand in China

28The Jiaozhou Bay Bridge is the world's longest cross-sea bridge, stretching nearly 26 miles, which would span the English Channel.

CPM projects China’s molybdenum demand at 4.7% CAGR for 2016-2025.

China leads the world in mega infrastructure construction.

Megacity in the Pearl River Delta, enveloping Shenzhen and Guangdong

The Xiongan new area outside of Beijing

President Xi’s One Belt One Road mission to link China to the world

By 2030, China will have integrated nine cities in the Pearl River Delta into the world’s largest megacity, twice the size of So. Korea.

Chinese Infrastructure Investment YOY Growth Rates (Through 2016)

GMONYSE AMER

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Structural Change:Rising Chinese Demand for Higher Quality Steel

China consumes a third of global moly and produces half of world’s crude steel and stainless steel

2017 to date, Chinese demand for molybdenum grew 9% YOY.

CPM projects China’s molybdenum demand at 4.7% CAGR for 2016-2025

China’s average intensity of use rose 5% from 2007 to 2016, but still well below the global average

29Source: CPM Group, Molybdenum News Service. Chart – CPM Group, World Steel and IMOA.

Chinese Moly Demand by End Use

Moly Use/ 100 tonnes of Steel - 2016

-

5

10

15

20

25

30

35

40

45

USA Europe Japan China CIS

World Intensity of Use = 14.3 kg Mo/ 100 Mt of Steel

Kg

Mo

per

10

0 M

t o

f C

rud

eSt

eel

Source: CPM Group, World Steel, IMOA, Antaike

If China’s intensity of use reached the global average, it would need an

additional 100.6M lbs moly/year (from base 2016)

8.6 kg

30

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Mt. Hope Equipment Procurement Status (100% basis)

Paid $87.9M on commitments for $174M in equipment orders

Own or secured with order in place for major milling equipment:

Crusher

SAG mill and ball mill

Mill drives

Roaster equipment

Made $75M order with Caterpillar for haul fleet and support equipment, including 18 240-ton haul trucks i

Secured letter of intent for 4 large P&H electric mining shovels i

Ordered 4 Atlas Copco mine drills i

Outlook: Upon an improvement in the markets and obtaining financing, the Company expects to place orders for remainder of equipment.

i. All orders are cancellable with no further liability. There were non-refundable deposits made of $3.4 million to P&H, $1.2 million to Caterpillar and $0.4 million to Atlas Copco.

GMONYSE AMER

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Mt. Hope Supplemental EIS The Record of Decision (“ROD”) for the Mt. Hope Project was initially granted in November,

2012, and subsequently challenged in the U.S. District Court for the District of Nevada by two western U.S. based NGOs ("non-governmental organization").

The U.S. District Court upheld the ROD in August, 2014. The NGOs appealed the U.S. District Court's Order to the U.S. Court of Appeals for the Ninth Circuit in September, 2014.

On December 28, 2016, the Ninth Circuit issued its Opinion rejecting many of the arguments raised by the NGOs challenging the Environmental Impact Statement ("EIS") issued by the BLM.

The Ninth Circuit reversed on technical grounds a narrow issue related to a baseline air quality analysis and related cumulative impact examination, and as a result vacated the ROD.

The Company is advancing completion of a Supplemental EIS, including incorporation of completed additional air quality analysis of direct and cumulative impacts to air quality to address the Ninth Circuit’s concerns with the zero baseline assumption previously used and questions concerning the potential existence of public water reserves.

The Company looks forward to completing the public review requirements in compliance with the National Environmental Policy Act ("NEPA"), and to receive a new ROD for the eventual construction and operation of the Mt. Hope Project by early 2019.

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Mt. Hope Water Rights and Permitting Background

In the fall of 2015, the Nevada Supreme Court reversed the prior decisions of the Nevada District Court upholding the Nevada State Engineer’s grant of the project’s water permits and Monitoring, Management and Mitigation (3M) Plan, and remanded the Company’s applications back to the District Court.

In March 2016, the District Court denied the applications previously approved by the Nevada State Engineer, vacating the permits approved on the applications and vacating the 3M Plan.

The State Engineer and the Company appealed the District Court’s Order to the Nevada Supreme Court and in September 2017, the Supreme Court affirmed the District Court Order.

In 2015 and 2016 the Company filed additional applications to change existing water rights to mining rights for the Mt. Hope Project. With the September 2017 decision of the Nevada Supreme Court, the Nevada State Engineer has scheduled a new hearing beginning Sept 11, 2018 to address the Company’s new change applications for water permits at the Mt. Hope Project.

At the hearing, the Company will provide additional evidence of its ability to successfully avoid any potential impacts to senior water right holders.

The Company will seek to have a decision from the Nevada State Engineer granting new water permits for the Mt. Hope Project by early 2019.

32

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End Notes to Slides 9, 11, 12 and 191. Mt. Hope Project - Slide 9 and NPV Slide 19:

The mine life and economic indicators are based on the updated optional mine plan announced in a February 25, 2014 news release, which reported on an internal study that examined an optimized pit using lower molybdenum prices. The internal study used a $10/lbmoly mine plan and the geologic block model from the Canada National Instrument 43-101 Technical Report Feasibility Study, filed in January 2014 and available on the Company’s website.

Operating data represent the averages over the first five years of production under the optional mine plan. Net Present Value and the Internal Rate of Return use the optional mine plan with a $15.00/lb molybdenum price over 24 years of mining and 30 years of mill processing at an 8% discount rate, after tax. Cash flow is based on the same optional mine plan, except it is undiscounted. The optional mine plan relied on the 2014 Feasibility Study’s proven and probable reserves representing 984.6M tons at an average grade of 0.070% containing 1.4B lbs of molybdenum. While the above reserves are in accordance with NI 43-101, they are not recognized as reserves by the U.S. SEC. Please refer to the cautionary note to U.S. investors on Slide 2.

As reported in the Company’s Form 10-K for 2017, based on an $8.00/lb molybdenum pit design, Mt. Hope Project has proven and probable reserves of 367.4 million tons of ore at an average grade of 0.080% molybdenum. There is also additional mineralized material of 682.5 million tons at an average grade of 0.061% molybdenum. The $8.00/lb pit design used to determine reserves and mineralized material was justified on a $10.26/lb of moly price, which is the average of the past four years’ average prices of molybdenum and the future four years’ nominal price estimates for molybdenum by the CPM Group.

2. AMER - Slides 11 and 12:Under the Amended Investment Agreement with AMER, which was most recently amended in August 2017, the Company and AMER

accelerated and closed the Tranche 2 private placement of $6.0 million for 14.6 million common shares of General Moly priced at $0.41 per share in October 2017. A sum of $5.5 million of the Tranche 2 proceeds is allocated to general corporate purposes and $0.5 million are directed to the existing expense reimbursement account to cover costs related to Mt. Hope Project financing and other jointly sourced business development opportunities.

Also in the August 2017 Amended Investment Agreement, the Company and AMER modified the Tranche 3 $10.0 million private placement which calls for the purchase of 20.0 million common shares amending certain conditions related to completion of Tranche 3. The Tranche 3 private placement for $10.0 million of General Moly common shares, priced at $0.50, is conditioned on the receipt of water permits from the Nevada State Engineer or the earlier close of a joint business opportunity involving use of 10.0 million shares of General Moly common stock. A sum of $9.5 million will be directed to general corporate purposes and $0.5 million will be allocated to the expense reimbursement account described above.

The Company received $4M under the Tranche 1 equity investment closed in November 2015 ($2M restricted to fund the expense reimbursement account to fund joint business opportunities and Bank Loan expenses, and $2M for general corporate use). In addition to 13 million GMO shares priced at $0.30 per share, AMER also received warrants to purchase 80M shares at an exercise price of $0.50 per share ($40M if fully exercised). These warrants have since been extended to the earlier of the 60-month anniversary of Loan drawdown or 3rd anniversary of the reissuance of the ROD for the Mt. Hope Project. The number of warrants and exercise price were unchanged.

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GMONYSE AMER

& TSX

End Notes to Slides 14-17, 19 & 203. Liberty Project - Slide 18 and NPV Slide 19:

Data are based on the updated Pre-Feasibility Study Technical Report, compliant under Canada National Instrument 43-101, filed in July 2014 and available on the Company’s website.

Operating data represent the averages over the first five years of production. Cash operating costs per pound of molybdenum are estimated using $3.25/lb copper byproduct credits. Net Present Value and Internal Rate of Return use $15/lb molybdenum, $3.25/lbcopper over 31 years of mining, 32 years of milling and an 8% discount rate, after tax. Cash flow is based on the aforementioned, except it is undiscounted.

Measured and indicated resources of 309.2M tons at average grades of 0.078% molybdenum and 0.098% copper contain 482M lbs of molybdenum and 606M lbs of copper. Liberty reserves, based on $15/lb molybdenum and $3.00/lb copper, are effective as of July 30, 2014. Proven reserves are within 92.5M tons at average grades of 0.101% molybdenum and 0.056% copper while probable reserves arewithin 216.7M tons at average grades of 0.068% molybdenum and 0.116% copper. While the above reserves are in accordance with NI 43-101, they are not recognized as reserves by the U.S. SEC. Please refer to the cautionary note to U.S. investors on Slide 2.

4. NPV Leverage - Slide 20: (Also see Notes 1 and 2.)Mt. Hope Project NPV breakeven and cash flow breakeven reflect General Moly’s 80% ownership in the project under the optional mineplan, using a $15.00/lb molybdenum price over 24 years of mining and 30 years of mill processing at an 8% discount rate, after tax.

Liberty Project NPV breakeven and cash flow breakeven use $15/lb molybdenum, $3.25/lb copper over 31 years of mining, 32 years of milling and a discount rate of 8%, after tax. There is the potential to increase Liberty’s NPV and IRR by toll roasting Liberty molybdenum concentrates at the Mt. Hope Project once constructed, thereby decreasing total cash costs to $7.41/lb for the first 5 full years of production.

5. Cu-Ag-Zn Exploration – Slides 14-17:To date, given this represents an early-stage copper-silver-zinc exploration program at the Mt. Hope Project, most of the historical data discussed here comes from historical reports and cannot be independently confirmed and lacks the modern standards of quality assurance and controls for samples and assays. Such data may not be relied upon for any evidence or likelihood of a mineral resource, mineral reserve or mineral deposit. The Skarn Area does not contain any mineral resource estimate as defined by Canada National Instrument 43-101 (“NI 43-101”) or any proved or probable reserves as defined by the United States Securities and Exchange Industry Guide 7, nor is there any certainty that further exploration will result in any targets becoming part of a mineral resource or mineral reserve.

Qualified Person’s Statement: The scientific and technical information as related to the 3D IP survey results and the copper-silver-zinc exploration program was

reviewed by Mark W. Osterberg, Principal Consulting Geologist of Mine Mappers, LLC. Dr. Osterberg is a “qualified person” as defined by NI 43-101. He is a Professional Geologist, with a master’s and doctorate degrees in geology. He has extensive minerals industry experience that is relevant to the evaluation of the style and nature of mineralization described herein.

GMONYSE AMER

& TSX

General Moly Contacts

Headquarters

Lakewood, Colorado

(303) 928-8599

www.generalmoly.com

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Bruce D. Hansen

Chief Executive Officer

bhansen@generalmoly.com