Siemens AG has selected Molycorp Inc. to supply rare earth materials over the next 10 years from its Mountain Pass facility for incorporation into Siemens' high-efficiency, direct drive wind turbine generators. Molycorp will supply rare earth materials to Shin-Etsu Chemical, which will produce the rare earth magnets Siemens intends to utilize in [...]
Molycorp Inc. today announced financial and operating results for the fourth quarter and full year 2014. The Company reported consolidated net revenues of $116.2 million, a 6% decrease over the third quarter of 2014. The decrease in revenues was largely driven by a shifting product mix, lower sales volumes from all segments, except for Rare [...]
Molycorp today announced that it will release financial results for the fourth quarter and full year ended December 31, 2014 after the market closes on Monday, March 16, 2015. Release of Molycorp's financial results will be followed by an investor conference call on Tuesday, March 17, 2015 at 9:00 a.m. Eastern, hosted by Geoff Bedford, President [...]
Molycorp Inc. produces and sells rare earths and rare metal materials in the United States and internationally. The company's Resources segment extracts rare earth minerals, including light rare earth concentrates; rare earth oxides (REO). The firm was incorporated on March 4, 2010, with a headquarter in Greenwood Village, Colorado. With 25 [...]
Molycorp Inc. today reported that rare earth production in the fourth quarter of 2014 at its Mountain Pass, California facility increased year-on-year and nearly doubled that of the preceding quarter. Mountain Pass completed Q4 of 2014 with 1,328 mt of rare earth oxide equivalent production. That compares to 1,034 mt in Q4 of 2013 and 691 mt in Q3 [...]
Molycorp announced today that on December 30, 2014, the Company was notified by the New York Stock Exchange that the Company's common stock is not in compliance with the NYSE's continued listing standard that requires a minimum average closing price of $1.00 per share over a period of 30 consecutive trading days. Under the NYSE's rules, the Company [...]
Greenwood Village, CO (November 5, 2014) - Molycorp, Inc. (NYSE: MCP) ("Molycorp" or the "Company") today announced financial and operating results for the third quarter 2014. The Company reported consolidated net revenues in the third quarter of 2014 of $123.9 million, a 6% increase over the preceding quarter. Product sales volume in the quarter [...]
Molycorp today announced that it will release financial results for the third quarter ended September 30, 2014 after the market closes on Wednesday, November 5, 2014. Release of Molycorp's financial results will be followed by an investor conference call on Thursday, November 6, 2014 at 9:00 a.m. Eastern, hosted by Geoff Bedford, President and [...]
GREENWOOD VILLAGE, Colo., Sept. 30, 2014 (GLOBE NEWSWIRE) -- Molycorp Inc. (NYSE:MCP) ("Molycorp" or the "Company") today announced that the expanded Leach system at its Mountain Pass, California Facility has been placed into service and is expected to mitigate a major production bottleneck at the facility and facilitate greater rare earth [...]
Molycorp today announced the successful close of its previously announced $400 million financing arrangement with certain investment vehicles affiliated with Oaktree Capital Management. Under the arrangement, Oaktree will provide Molycorp and certain of the Company's subsidiaries with up to $400 million in secured financing through credit [...]
Molycorp today announced financial and operating results for the second quarter 2014. The Company reported second quarter product sales volume of 2,996 metric tons (mt), a 15% decrease over the first quarter 2014, at an average selling price ("ASP") of $39.02/kg, a 16% increase over the preceding quarter's ASP of $33.69/kg. Net revenues for the [...]
Molycorp today announced that it has entered into a commitment letter to secure a $400 million financing arrangement with funds managed by Oaktree Capital Management. Under the arrangement, Oaktree will provide Molycorp and certain of the Company's subsidiaries up to $400 million in secured financing through credit facilities and the sale and [...]
