Molycorp, Inc. disclosed that it estimates pricing initial public offering of nearly 28.13 million shares of common stock to be between $15.00 and $17.00 per share. Greenwood Village, Colorado-based Molycorp is a rare earth oxide producer in the Western hemisphere and owns most fully developed rare earth project outside of China.
Molycorp said it has applied to list its common stock on The New York Stock Exchange under the symbol "MCP"
The company noted that the underwriters may also purchase up to an additional 4.22 million shares within to cover over-allotments.
Molycorp anticipates to use the proceeds for the modernization and expansion of its Mountain Pass, California mining and production facility as well as for general corporate purposes.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.