Molycorp Announces the Successful Close of its Offering of Comm

FSC / Press Release 
Molycorp Announces the Successful Close of its Offering of Common Stock (NYSE:
Greenwood Village, CO US, October 21, 2013 /FSC/ - Molycorp, Inc (MCP -
NYSE),(the "Company") today announced the closing of its previously announced
registered public offering of 51,750,000 shares of its common stock ("Shares"),
which included the issuance of 6,750,000 Shares as a result of the underwriters'
exercise in full of their option to purchase additional Shares in the Offering,
at a price per share of $5.00 (the "Offering").  The Offering resulted in net
proceeds to the Company, after estimated fees and expenses payable by the
Company, of approximately $247.5 million. 
Molibdenos y Metales S.A. (Molymet), one of the Company's significant current
stockholders, invested approximately $70 million in the Offering. 
The Company intends to use the net proceeds received from the Offering to fund
current capital needs for capital expenditures and other cash requirements,
including, without limitation, capital expenditures at its Mountain Pass,
California facility. 
Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and J.P. Morgan Securities LLC
acted as joint bookrunners for the Offering.  BNP Paribas Securities Corp., GMP
Securities L.P., HSBC Securities (USA) Inc. and Wells Fargo Securities, LLC
acted as co-managers for the Offering. Moelis & Company LLC acted as the
Company's financial advisor and capital markets advisor for the Offering. 
# # # 
Source:  Molycorp, Inc.  ($MCP) 
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
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-0- Oct/21/2013 20:40 GMT
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