Molycorp, Inc. : SEC Staff Completes Investigation of Molycorp With No
Enforcement Action Recommended
GREENWOOD VILLAGE, Colo. (June 27, 2013) -- 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.
Copyright © 2013 Molycorp, Inc., All rights reserved.
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information contained therein.
Source: Molycorp, Inc. via Thomson Reuters ONE
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