Molycorp today announced that it will release financial results for the second quarter ended June 30, 2013, after the market closes on Thursday, August 8, 2013. Release of Molycorp's financial results will be followed by an investor conference call at 4:30 p.m. Eastern. Constantine Karayannopoulos, President and Chief Executive Officer, and Michael [...]
The staff of the U.S. Securities and Exchange Commission (SEC) today informed Molycorp Inc. that it has completed its investigation of, among other things, the accuracy of the Molycorp's public disclosures, and it is not recommending that any enforcement action be taken against the Company. The SEC initiated its investigation of Molycorp in August [...]
The Company reported consolidated net revenues of $146.4 million during the first quarter of 2013, a 9% percent increase over the fourth quarter of 2012. The Company sold 3,274 mt of product at an ASP of $44.71 per kilogram and generated a gross loss of $20.5 million during the quarter, as compared to a gross loss $20.5 million during the fourth [...]
Molycorp today announced that its Board of Directors has elected to declare a cash dividend on outstanding shares of its 5.50% Series A mandatory convertible preferred stock in an amount equal to $1.375 per share. Molycorp will pay the dividend on June 1, 2013 to the holders of record of shares of Series A mandatory convertible preferred stock at [...]
Molycorp today announced that it will release financial results for the first quarter ended March 31, 2013, after the market closes on Thursday, May 9, 2013. Release of Molycorp's financial results will be followed by an investor conference call at 4:30 p.m. Eastern. Constantine Karayannopoulos, President and Chief Executive Officer, and Michael [...]
In 2012, the Company transitioned from a development stage company to a vertically integrated global producer of advanced rare earth materials, with full-year revenues of $528.9 million, a 33% increase over the prior year (including approximately six months of revenue from newly acquired Neo Material Technologies, now known as Molycorp Canada [...]
Univar a leading global distributor of chemistry and related products and services, announced today that its subsidiary, Univar USA Inc., has entered into an exclusive five-year North American agreement with Molycorp Advanced Water Technologies to distribute the company’s proprietary, cerium-based water treatment product SorbX-100TM, formerly known [...]
Molycorp today announced that it will release financial results for the fourth quarter and full year ended December 31, 2012, after the market closes on Thursday, March 14, 2013. Release of Molycorp's financial results will be followed by an investor conference call at 4:30 p.m. Eastern. Constantine Karayannopoulos, President and Chief Executive [...]
Molycorp today announced that it will require an extension of time to file its Annual Report on Form 10-K. The Form 10-K would otherwise have been required to be filed no later than March 1, 2013. The Company noted that the filing delay is necessary for it to determine the amount of a non-cash goodwill impairment charge, which it estimates will be [...]
The Rare Earths Industry has struggled this past year as a flood of new production and reserves from outside China has seen prices significantly drop from their highs in 2011. The Market Vectors Rare Earth/Strategic Metals ETF (REMX) has fallen 7.5 percent year-to-date, and over 30 percent in the past year. Five Star Equities examines the outlook [...]
Molycorp today announced that its Board of Directors has elected to declare a cash dividend on outstanding shares of its 5.50% Series A mandatory convertible preferred stock in an amount equal to $1.375 per share. Molycorp will pay the dividend on March 1, 2013 to the holders of record of shares of Series A mandatory convertible preferred stock at [...]
Molycorp today announced that it will release financial results for the fourth quarter and full year ended December 31, 2012, after the market closes on Thursday, February 28, 2013. Release of Molycorp's financial results will be followed by an investor conference call at 4:30 p.m. Eastern. Constantine Karayannopoulos, President and Chief Executive [...]
