Molycorp Declares Preferred Dividend

FSC / Press Release 
Molycorp Declares Preferred Dividend 
Greenwood Village, CO US, November 07, 2012 /FSC/ - Molycorp, Inc (NYSE:
MCP),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 December 1, 2012, to the holders of record of shares of Series A
mandatory convertible preferred stock at the close of business on November 15,
2012. As of November 5, 2012, there were a total of 2,070,000 shares of Series A
mandatory convertible preferred stock outstanding. 
### 
SOURCE: Molycorp, Inc. 
Jim Sims, +1 303-843-8062
Vice President Corporate Communications
Jim.Sims@Molycorp.com 
or 
Brian Blackman, +1 303-843-8067
Senior Manager, Investor Relations
Brian.Blackman@Molycorp.com 
About Molycorp, Inc.
Molycorp is a leading rare earths and rare metals company, and combines a
world-class rare earth resource at Mountain Pass, California, with advanced,
high-purity rare earth and rare metal materials processing capabilities.  With
26 locations across 11 countries, Molycorp is vertically integrated across the
global rare earth mine-to-magnetics supply chain. It produces rare earth
magnetic materials as well as a variety of high-purity, custom engineered
products from 13 different rare earths (lights and heavies) as well as five rare
metals (gallium, indium, rhenium, tantalum and niobium), and the transition
metals yttrium and zirconium.  Through its Molycorp Magnequench subsidiary, the
Company is a leading global producer of neodymium-iron-boron (NdFeB) magnet
powders, used to manufacture bonded NdFeB permanent rare earth magnets.  Through
its joint venture with Daido Steel and Mitsubishi Corporation, Molycorp expects
to begin manufacturing next-generation, sintered NdFeB permanent rare earth
magnets in early 2013.  For more information please visit
http://www.molycorp.com. 
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-0- Nov/07/2012 21:08 GMT
 
 
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