Molycorp secures US$390M for growth

U.S. rare earths producer Molycorp (MCP-N) is giving Chile-based Molymet 12.5 million shares in exchange for US$390 million.  That works out to US$31.20 apiece — a 10% premium to Molycorp’s 20-day volume weighted average share price as of Jan. 30....

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