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Tag: molycorp

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Texas Rare Earth Resources Still Plans to Fulfill DLA Contract

In a letter to shareholders, Texas Rare Earth Resources CEO Dan Gorski admitted that due to difficult capital markets in 2015, the company was caused to scale back its process and development work originally planned for the past year. Still, he stressed that the company has made technical progress with

Dissent Over Molycorp’s Bankruptcy Plan

The Wall Street Journal reported that some bonders and unsecured creditors for Molycorp (OTCMKTS:MCPIQ) are claiming that Molycorp isn’t doing its best to steer itself out of bankruptcy. The creditors claim that the company “has capitulated to demands from Oaktree Capital Group.”

Molycorp Still Planning Top Executive Bonuses

The Daily Bankruptcy Review (subscription required) reported that Molycorp (OTCMKTS:MCPIQ) is still planning to hand senior executives up to $2.9 million in bonuses despite filing for bankruptcy protection and putting its Mountain Pass operations on care and maintenance.

Medallion Resources (TSXV:MDL) is focused on becoming a low-cost producer of rare earth elements (REEs) from monazite, a by-product from existing mineral sands mining sources. Connect with Medallion Resources to receive instant updates.
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