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Last €0.08 EUR
Change Today -0.006 / -6.82%
Volume 21.1K
9MO On Other Exchanges
Symbol
Exchange
OTC US
Frankfurt
As of 3:38 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

molycorp inc (9MO) Snapshot

Open
€0.10
Previous Close
€0.09
Day High
€0.10
Day Low
€0.08
52 Week High
09/2/14 - €1.45
52 Week Low
07/21/15 - €0.01
Market Cap
21.3M
Average Volume 10 Days
27.4K
EPS TTM
--
Shares Outstanding
259.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MOLYCORP INC (9MO)

molycorp inc (9MO) Related Businessweek News

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molycorp inc (9MO) Details

Molycorp, Inc. produces and sells rare earths and rare metal materials in the United States and internationally. The company’s Resources segment extracts rare earth minerals, including light rare earth concentrates; rare earth oxides (REO), such as lanthanum, cerium, and neodymium-praseodymium; heavy rare earth concentrates, which include europium, gadolinium, terbium, dysprosium, and others; and SorbX and PhosFIX, a line of rare earth-based water treatment products. This segment’s products are used in oil refinery catalyst, automotive and emission catalysts, water purification, and energy efficiency lighting applications. Its Chemicals and Oxides segment produces REO, and other custom engineered materials, salts of rare earth elements, zirconium-based engineered materials, and mixed rare earth/zirconium oxides for various applications, such as catalytic converters, computers, television display panels, optical lenses, mobile phones, electronic chips, and others. The company’s Magnetic Materials and Alloys segment produces Neo Powders for use in micro and precision motors, sensors, and other applications; and neodymium and samarium magnet alloys, specialty alloy products, and rare earth metals for use in computing, automotive, aerospace, health care, industrial motors, wind power generation, battery technologies, consumer electronics, and home appliance markets. Its Rare Metals segment produces, reclaims, refines, and markets gallium, indium, rhenium, tantalum, and niobium for use in wireless technologies, light-emitting diode, flat panel display, turbine, solar, catalyst, steel additive, and other applications. The company sells its products directly to customers; and through distributors. Molycorp, Inc. was founded in 2010 and is headquartered in Greenwood Village, Colorado. On June 25, 2015, Molycorp, Inc. along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware.

2,500 Employees
Last Reported Date: 03/16/15
Founded in 2010

molycorp inc (9MO) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $600.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $384.6K
Executive Vice President and General Counsel
Total Annual Compensation: $390.0K
Compensation as of Fiscal Year 2014.

molycorp inc (9MO) Key Developments

Molycorp, Inc. announced delayed 10-Q filing

On 08/10/2015, Molycorp, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Molycorp Gets Final Approval to Use $135 Million Oaktree Capital Management's Debtor-in-Possession Loan

Molycorp Inc. has snagged final approval to access a $135.42 million debtor-in-possession loan from Oaktree Capital Management LP. In a July 22, statement, the rare earths mining company said it had received final court approval of the DIP, which provides $130 million in net new financing. Molycorp noted the loan 'represents significant improvement' over a previous Oaktree DIP that the Greenwood Village, Colo., debtor won interim access to on July 2. Molycorp said the Oaktree financing, which beat out an alternate DIP proposal from the company's senior secured noteholders, provides the company with additional liquidity, reduced costs and more time to devise a reorganization plan. According to a July 14 court filing, the approved DIP increases the new-money funding by more than $9 million from Oaktree's original offer, removes a rollup of the firm's $116.22 million in prepetition loans and a roughly $50.1 million prepayment penalty, eliminates a requirement for a quick sale of the debtor's assets, cuts a requirement to pay the prepetition Oaktree debt in full under a reorganization plan, provides only junior liens for the DIP and no longer requires the debtors to assume an equipment lease agreement with Oaktree. The revised DIP also cuts an original issue discount to 4% from 7% and eliminates a 2% commitment yield enhancement. As Sontchi previously approved interim use of $21.98 million in funding from Oaktree affiliate OCM MLYCo CTB Ltd.--based on the firm's original proposal--Molycorp now can tap an additional $113.44 million in new money. The financing is priced at 7% in cash or in kind, with the interest rate rising to 9% on default, and includes certain benchmarks for Molycorp. Holders of about 74% in aggregate principal amount of Molycorp's 10% senior secured notes, led by JHL Capital Group LLC, JMB Capital Partners LP and QVT Financial LP, had proposed in a June 25 motion to provide Molycorp with a $225 million DIP. The financing would have been priced at 7% in cash or 8% in kind and would have carried a 10% original issue discount, an additional $4.5 million original issue discount and a 2% backstop fee.

Molycorp, Inc.(OTCPK:MCPI.Q) dropped from Russell 2000 Index

Molycorp, Inc. will be removed from Russell 2000 Index

 

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