FSC / Press Release
SEC Staff Completes Investigation of Molycorp with No Enforcement Action
Greenwood Village, CO US, June 27, 2013 /FSC/ - Molycorp, Inc,The staff of the
U.S. Securities and Exchange Commission (SEC) today informed Molycorp, Inc.
(NYSE: MCP) 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 2012.
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For more information:
Jim Sims, +1 (303) 843-8062
Vice President, Corporate Communications
Brian Blackman, +1 (303) 843-8067
Vice President, Investor Relations
About Molycorp, Inc.
Molycorp is the only advanced material manufacturer in the world that both
controls a world-class rare earth resource and can produce high-purity, custom
engineered rare earth products to meet increasingly demanding customer
specifications. A globally integrated manufacturer, the Company produces a wide
variety of specialized products from 13 different rare earths (lights and
heavies), five rare metals (gallium, indium, rhenium, tantalum and niobium), and
the transition metals yttrium and zirconium. With 27 locations across 11
countries, Molycorp also produces rare earth magnetic materials through its
Molycorp Magnequench subsidiary, including neodymium-iron-boron (NdFeB) magnet
powders, used to manufacture bonded NdFeB permanent rare earth magnets. Through
its joint venture with Daido Steel and the Mitsubishi Corporation, Molycorp
manufactures next-generation, sintered NdFeB permanent rare earth magnets.
Through its Molycorp Advanced Water Technologies subsidiary, the Company markets
and sells its proprietary, cerium-based advanced water purification technology
called SorbX(tm) for use in municipal and industrial wastewater treatment,
recreational water, and pool and spa water treatment markets. For more
information please visit www.molycorp.com.
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-0- Jun/27/2013 20:34 GMT
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