Molycorp today announced the pricing of its previously announced public offering of 37,500,000 shares of its common stock at a price per share of $6.00 and $150 million aggregate principal amount of its 5.50% Convertible Senior Notes due 2018 in separate registered public offerings. The Company expects to close each of the Notes Offering and the [...]
Molycorp today announced that it intends to offer and sell, subject to market and other conditions, $200 million of its common stock and $100 million aggregate principal amount of its Convertible Senior Notes due 2018 in separate registered public offerings. The Company intends to use the net proceeds received from the Primary Shares Offering and [...]
Molycorp today announced that all key production components of its new state-of-the-art rare earth manufacturing complex in Mountain Pass, California are up and operational and that the facility has begun ramping up to its full-scale "Phase 1" run rate. The Company expects that with an orderly ramp up of production it will reach or exceed its Phase [...]
Rare earth stocks struggled in 2012 as prices for the metals plunged due to weak economic growth and new supplies from non-Chinese producers. The Market Vectors Rare Earth/Strategic Metals ETF (REMX), which tracks the performance of companies engaged in activities related to the producing, refining and recycling of rare earth and strategic metals [...]
Molycorp today announced that its Board of Directors has appointed Constantine Karayannopoulos as Interim President and Chief Executive Officer and is immediately undertaking a search for a permanent President and Chief Executive Officer. He succeeds Mark A. Smith, who has left the Company. Constantine Karayannopoulos will assume all management [...]
Rare earth elements are a set of seventeen chemical elements crucial in the manufacturing of popular products such as mobile phones and hybrid cars. According to the U.S. Congressional Research Service the current global demand for rare earths is approximately 136,000 metric tons a year. That number is expected to grow to 185,000 tons by 2015 and [...]
After a strong start to the year rare earth stocks have fallen sharply as new sources of production outside of China has pressured rare earth prices lower. Market Vectors Rare Earth/Strategic Metals ETF has fallen over 18 percent year-to-date. The Paragon Report examines investing opportunities in the Rare Earths Industry and provides equity [...]
Molycorp, Inc.'s (NYSE: MCP) ('Molycorp? or the 'Company?) Executive VP and General Counsel, John F. Ashburn, Jr., today announced that the Company has filed a claim against M&K Chemical Engineering Consultants, Inc. ('M&K?) and certain current and former offi ...
Prices of rare earths, which are used in a variety of product from smartphones to hybrid cars, soared last year as China clamped down on foreign exports. Since then prices have tumbled as new supplies were introduced to the market and weak economic growth from China have led to eased policies on exports. Five Star Equities examines the outlook for [...]
Rare Earth stocks have struggled recently as a flood of new production into the market is likely to cause a further slide in prices according to a report from Reuters. The Market Vectors Rare Earth/Strategic Metals ETF (REMX) has fallen over 20 percent in the last 6 months. The Paragon Report examines investing opportunities in the Rare Earth [...]
Five Star Equities Provides Stock Research on Lynas and MolycorpNEW YORK, NY -- (Marketwire) -- 09/11/12 -- The world's Rare Earth Industry has long been dominated by China who controls roughly half of the world's reserves and 95 percent of the global supply. China's stranglehold of the rare earth market may finally be coming to an end as Lynas [...]
JAKARTA, INDONESIA -- (Marketwire) -- 09/07/12 -- Moments ago, Investors-Alliance.com introduced new coverage of Molycorp, Inc (NYSE: MCP) and Hecla Mining Company (NYSE: HL). Full outlook, analysis and consensus opinion is available to readers via the links below [...]