Molycorp, Inc. : Molycorp Declares Preferred Dividend

            Molycorp, Inc. : Molycorp Declares Preferred Dividend

GREENWOOD VILLAGE, Colo. (7 a.m. Eastern, August 1, 2013) - 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 September 1, 2013 to the holders of record of shares
of Series A mandatory convertible preferred stock at the close of business on
August 15, 2013. As of August 1, 2013, there were a total of 2,070,000 shares
of Series A mandatory convertible preferred stock outstanding.

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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 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. The Company also markets and sells a line of rare earth-based water
treatment products through its Molycorp Advanced Water Technologies
subsidiary.For more information please

Copyright © 2013 Molycorp, Inc., All rights reserved.


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Source: Molycorp, Inc. via Thomson Reuters ONE
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