Molycorp To Report First Quarter 2011 Financial Results on May 10
- Conference Call to Follow at 4:30 p.m. EDT -
Molycorp Inc. (NYSE: MCP) announced today it will release financial
results for the first quarter ended March 31, 2011 after the market
closes on Tuesday, May 10, followed by an investor conference call at
4:30 p.m. EDT. Mark Smith, Chief Executive Officer, and James Allen,
Chief Financial Officer, will host the call.
Investors interested in participating in the live call from the U.S.
should dial +1 (888) 428-9507 and reference confirmation number 6752539.
Those calling from outside the U.S. should dial +1 (719) 457-2704 and
use the same confirmation number. A telephone replay will be available
approximately two hours after the call concludes through Tuesday, May
24, 2011 by dialing +1 (877) 870-5176 from the U.S., or +1 (858)
384-5517 from international locations, and entering passcode: 6752539.
There will also be a simultaneous live audio webcast available on the
Investor Relations section of the Company's website at www.molycorp.com.
The webcast will be archived on the website for 365 days.
About Molycorp
Colorado-based Molycorp, Inc. is the only REO producer in the Western
Hemisphere and currently produces more than 3,000 metric tons of
commercial rare earth materials per year. In addition to its rare earth
mine and processing facility at Mountain Pass, California, Molycorp also
owns a controlling interest in the Estonia-based Molycorp Silmet AS,
which has a production capacity of 3,000 metric tons of rare earth
products and 700 metric tons of rare metal products annually and is one
of the largest rare metal and rare earth metal producers in Europe.
Following the execution of Molycorp's 'mine-to-magnets' strategy and the
expected 2012 completion of Phase 1 of its modernization and expansion
efforts at its Mountain Pass, California processing facility, Molycorp
expects to produce at a rate of approximately 19,050 metric tons of REO
equivalent per year from Mountain Pass. The Company expects to achieve
an annual production capacity at Mountain Pass by the end of 2013 of
approximately 40,000 metric tons of REO equivalent per year after the
completion of Phase 2. Molycorp intends to provide to the market a range
of rare earth products, including high-purity oxides, metals, alloys,
and permanent magnets. The company currently sells products to customers
in Europe, North and South America, Asia, Russia, and other previous
Soviet Union countries.
Investor Relations:
ICR, LLC
Gary T. Dvorchak, CFA,
+1-310-954-1123
Senior Vice President
Gary.Dvorchak@icrinc.com
or
Company:
Molycorp
Inc.
Jim Sims, +1-303-843-8067
Director of Public Affairs
Jim.Sims@Molycorp.com