Last €1.21 EUR
Change Today +0.016 / 1.34%
Volume 1.2K
9MO On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 11:00 AM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

molycorp inc (9MO) Snapshot

Open
€1.19
Previous Close
€1.19
Day High
€1.22
Day Low
€1.18
52 Week High
09/24/13 - €5.73
52 Week Low
09/12/14 - €1.14
Market Cap
296.2M
Average Volume 10 Days
8.3K
EPS TTM
--
Shares Outstanding
244.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MOLYCORP INC (9MO)

molycorp inc (9MO) Related Businessweek News

No Related Businessweek News Found

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 samarium, europium, gadolinium, terbium, dysprosium, and others; and SorbX, a line of rare earth-based water treatment products. This segment’s products are used in oil refinery catalyst, glass polishing, automotive, water purification, and energy efficiency lighting applications. This segment also owns and operates the Molycorp Mountain Pass facility, an open-pit mine containing rare earth elements deposits in San Bernardino County, California. 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 motors, precision motors, sensors, and other applications; and neodymium and samarium magnet alloys, other 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, electronics, 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.

2,580 Employees
Last Reported Date: 03/3/14
Founded in 2010

molycorp inc (9MO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $397.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $403.5K
Senior Vice President of Finance and Treasure...
Total Annual Compensation: $466.0K
Executive Vice President and General Counsel
Total Annual Compensation: $333.7K
Compensation as of Fiscal Year 2013.

molycorp inc (9MO) Key Developments

Molycorp, Inc. Enters into Credit Agreement

On September 11, 2014, Molycorp, Inc. entered into a Credit Agreement (the Parent Credit Agreement) with the lenders party thereto and OCM MLYCo CTB Ltd. an affiliate of Oaktree Capital Management, L.P. (collectively with its affiliates, including OCM, Oaktree), as dministrative agent and first priority collateral agent. The Parent Credit Agreement provides for, among other things, a term loan facility in an amount of $185.0 million, including a $50.167 million term loan advanced at the initial funding and $134.833 million of delayed draw term loans to be advanced, subject to the satisfaction of certain conditions, including consolidated adjusted EBITDA of not less than $20.0 million for each of two consecutive fiscal quarters and evidence that production at the mineral and chemical manufacturing facility owned by Molycorp Minerals, LLC (Molycorp Minerals), and located in Mountain Pass, California (the Mountain Pass Facility) is equal to or greater than 4,000 metric tons for each of two consecutive fiscal quarters, in each case prior to, but including, the fiscal quarter ending on March 31, 2016. Draws on the delayed draw term loans must be in minimum amounts of $50.0 million and may be drawn at any time after meeting the applicable conditions until April 30, 2016. The daily average unused amount of the delayed draw term loan commitment is subject to an unused commitment enhancement payment of 1.00% per annum. The proceeds of the loans advanced under the Parent Credit Agreement shall be used to fund capital expenditures, pay interest expense, and for general corporate purposes (including the payment of transaction expenses incurred in connection with the Financings) and the repurchase of $27.495 million in aggregate principal amount of the 2016 Notes and 2017 Notes.

Molycorp, Inc. Announces Successful Closing of $400 Million Financing Arrangement

Molycorp, Inc. announced the successful close of its previously announced $400 million financing arrangement with certain investment vehicles affiliated with Oaktree Capital Management, L.P. Under the arrangement, Oaktree will provide Molycorp and certain of the company's subsidiaries with up to $400 million in secured financing through credit facilities and the sale and leaseback of certain equipment at the company's Mountain Pass facility. $250 million of the Financings has now been funded, with the remaining $150 million available until April 30, 2016 if Molycorp achieves consolidated adjusted EBITDA of not less than $20.0 million per quarter for two consecutive fiscal quarters, and production volume at its Mountain Pass facility of at least 4,000 metric tons per quarter for two consecutive fiscal quarters.

Molycorp, Inc. Announces Commitment for a $400 Million Financing Arrangement

Molycorp, Inc. announced that it has entered into a commitment letter to secure a $400 million financing arrangement with funds managed by Oaktree Capital Management, L.P. Under the arrangement, Oaktree will provide Molycorp and certain of the company's subsidiaries up to $400 million in secured financing through credit facilities and the sale and leaseback of certain equipment at the company's Mountain Pass facility. $250 million of the Financings will be available to be borrowed at the closing of the Financings, with the remaining $150 million available until April 30, 2016 if Molycorp satisfies certain financial and operational conditions.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
9MO:GR €1.21 EUR +0.016

9MO Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Daiichi Kigenso Kagaku-Kogyo Co Ltd ¥4,480 JPY -30.00
Tosoh Corp ¥419.00 JPY -9.00
View Industry Companies
 

Industry Analysis

9MO

Industry Average

Valuation 9MO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 0.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MOLYCORP INC, please visit www.molycorp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.