Molycorp Probed by SEC for Accuracy of Its Disclosures
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Molycorp Inc., the owner of the largest rare-earth deposit outside of China, said it’s being investigated by the U.S. Securities and Exchange Commission over the accuracy of the company’s public disclosures.
The SEC notified the company in August that it’s probing the disclosures “among other things,” Greenwood Village, Colorado-based Molycorp said today in a filing. Molycorp is cooperating with the SEC and can’t predict how long the investigation will take, it said in the filing.