| Molycorp gets approval from U.S. bankruptcy court for interim financing | |
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July 2 (Reuters) - Rare earths miner Molycorp Inc said it received U.S. bankruptcy court approval for interim financing of $22 million to support its operations. On June 25, the only U.S. supplier of rare earths filed for Chapter 11 bankruptcy protection along with its subsidiaries in North America, to restructure $1.7 billion of debt in its U.S. and Canadian operations. The court approved the financing only on an interim basis, and has scheduled a final hearing regarding the debtor-in-possession financing for July 20, 2015, Molycorp said on Thursday. (Reporting by Rosmi Shaji in Bengaluru; Editing by Ken Wills)
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Molycorp Minerals LLC
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DEVELOPMENT STAGE |
CODE : MCP |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Molycorp Minerals is a exploration company based in United states of america. Molycorp Minerals develops rare earth in USA. Its main asset in development is MOUNTAIN PASS in USA. Molycorp Minerals is listed in United States of America. Its market capitalisation is US$ 37.3 millions as of today (€ 34.1 millions). Its stock quote reached its highest recent level on December 28, 2012 at US$ 9.98, and its lowest recent point on January 30, 2015 at US$ 0.28. Molycorp Minerals has 103 950 000 shares outstanding. |