Molycorp To Receive $390 Million Strategic Investment From Molymet
Molycorp
Molycorp announced that Molymet, the world’s largest processor of the strategic metals molybdenum and rhenium, has agreed to invest approximately $390 million in Molycorp in exchange for 12.5 million shares of Molycorp common stock. Read More.
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Molycorp Secures 78% of Phase 1 Rare Earth Production in Customer Agreements and XSORBX™ Production
Molycorp
Molycorp, Inc. announced today that 78 percent of its Phase 1 rare earth production from its new Mountain Pass, California manufacturing facility, which comes online in 2012, has now been secured by signed customer agreements or has been committed to production of the Company's XSORBX™ water treatment products. Read More.
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Molycorp Secures Government Approval To Conduct Heavy Rare Earth Exploratory Drilling
Molycorp
Molycorp today announced that it has been granted authorization from the U.S. Bureau of Land Management to commence exploratory drilling at an occurrence of heavy rare earths located near its flagship rare earth manufacturing facility at Mountain Pass, California. Read More.
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Molycorp, Daido Steel, & Mitsubishi Corporation Announce Joint Venture To Manufacture Sintered NdFeB Rare Earth Magnets
Molycorp
Molycorp, Inc., Daido Steel Co., Ltd., and Mitsubishi Corporation today announced the formation of a joint venture to manufacture and sell next-generation neodymium-iron-boron (NdFeB) permanent rare earth magnets. Read More.
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Molycorp Reports Record Financial Performance in Q3 2011
Molycorp
Molycorp announced financial and operating results for the third quarter of 2011, which included record performance in sales, margin, and income.
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Molycorp Purchases Remaining Shares of European Rare Earth Processing Company
Molycorp
Molycorp announced today that it has purchased the remaining shares of Molycorp Silmet AS, one of only two rare earth processing companies in Europe. Molycorp now owns 100% of the Sillamäe, Estonia-based facility, known as Molycorp Sillamäe. Read More.
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Molycorp Announces Plan To Accelerate Initial Start-Up of New Rare Earth Processing Facility
Molycorp
Molycorp, Inc. (NYSE: MCP), the Western hemisphere's only producer of rare earth oxides and the world's leading producer of rare earth oxides outside of China, announced plans today to accelerate by approximately three months the initial start-up of its state-of-the-art rare earth processing facility, now under construction at Mountain Pass, California.
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Molycorp To Report Third Quarter 2011 Financial Results on November 10
Molycorp
Molycorp announced today it will release financial results for the third quarter ended September 30, 2011, after the market closes on Thursday, November 10. Release of Molycorp's financial results will be followed by an investor conference call at 4:30 p.m. Eastern.
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Molycorp and United Steelworkers Agree on New Labor Contract
Molycorp
Molycorp, Inc., and the United Steelworkers (USW), the largest private sector union in America, announced agreement on a new three-year labor contract at Molycorp's flagship rare earth manufacturing facility at Mountain Pass, California. Read More.
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Molycorp CEO to Congress: China’s New Warnings on Further Rare Earth Export Restrictions Spotlights Need to Ramp Up U.S. Production
Molycorp
WASHINGTON, DC (Sept. 21, 2011) – China’s renewed warnings last week of further rare earth export reductions and stronger in-country production controls increases the urgency for the U.S. to ramp up its own rare earth production, Mark A. Smith, Molycorp, Inc.’s President and Chief Executive Officer, told a U.S. House Foreign Affairs Subcommittee on Wednesday. Read More.
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