Molycorp meets Molymet, secures US$390M in funds

U.S. rare earths producer Molycorp (MCP-N) is giving Chile-based Molibdenos y Metales (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... [Full Story]

Full "Northern Miner" article