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In 2015, Molycorp, the previous owners of the Mountain Pass mine, filed for bankruptcy.At the time, it was the only U.S. producer of rare earth elements. [13] While in bankruptcy, Secure Natural Resources (SNR), a company owned by Molycorp's creditors, including JHL Capital Group, gained control of the mine's mineral rights. [14]
The Mountain Pass Rare Earth Mine and Processing Facility, owned by MP Materials, is an open-pit mine of rare-earth elements on the south flank of the Clark Mountain Range in California, 53 miles (85 km) southwest of Las Vegas, Nevada. In 2020 the mine supplied 15.8% of the world's rare-earth production.
A company that provides rare earth minerals needs for several sectors is this week’s featured “Thing Behind The Thing.” About MP Materials: In 2020, MP Materials Corp (NYSE: MP) announced a ...
Norway just struck a gold mine. Well, a rare mineral mine. The Norwegian mining company, Rare Earths Norway, just uncovered the largest deposit of rare earth elements in Europe. The discovery has ...
Molycorp (NYS: MCP) is doing everything it can to leverage high rare earth element prices to bring juicy profits to shareholders quickly while expanding vertically. Not only is the company second ...
In 2008, Chevron Mining sold the Mountain Pass rare earth mine and the rights to the Molycorp name to Rare Earth Acquisitions LLC, a special purpose company which was renamed Molycorp Minerals LLC. The company was owned by Resource Capital Funds, Pegasus Partners IV, LP, The Goldman Sachs Group, Inc., Traxys North America LLC and Carint Group ...
Lynas Rare Earths, Ltd. is an Australian rare-earths mining company with two major operations: a mining and concentration plant at Mount Weld in Western Australia, and the Lynas Advanced Materials Plant (LAMP) in Kuantan, Malaysia. [1] The company was founded in the 1990s and is headquartered in Perth, Western Australia.