Rare Earth Company News Directory

Molycorp Closes $400 Million Financing

Molycorp Inc. (NYSE:MCP) has closed its previously announced financing, whereby Oaktree Capital Management will provide the company with up to $400 million in secured financing by way of credit facilities and the sale and leaseback of certain equipment at Molycorp's Mountain Pass facility.

GeoMegA Separation Process Deemed Patentable

GeoMegA Resources Inc. (TSXV:GMA) announced that 23 of its 25 processes for separating rare earths and precious metals have been deemed patentable by the Canadian Intellectual Property Office. The company is moving forward with national phase applications in multiple key jurisdictions.

Medallion Resources Extends Memorandums of Understanding

Medallion Resources Ltd. (TSXV:MDL,OTCQX:MLLOF) has extended memorandums of understanding with Jordan-based Arab Mining Company and Oman-based Takamul Investment Company. The agreement will "facilitat[e] the parties’ pursuit of rare-earth production and processing opportunities within the Arab League nations.