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Medallion Comments on Recent Market Activity

Medallion Comments on Recent Market Activity

Medallion Resources Ltd. (TSXV:MDL, OTCQX:MLLOF), at the request of Canadian regulatory authority IIROC, confirms that its management is unaware of any material change to the Company or its business that would account for the recent increase in market activity.

Moody’s Downgrades Molycorp

Moody’s Investor Service has downgraded Molycorp (NYSE:MCP) from Ca to Caa2. The firm has a negative outlook for Molycorp, and its ratings change comes after the company decided to take advantage of a 30-day grace period on a $32.5 million semi-annual payment of its senior secured notes. Moody’s noted that

Don Lay of Medallion Resources Talks Rare Earths Prices

China removed its export tariffs on rare earths, tungsten and molybdenum at the start of May, and shortly afterwards announced changes to its resource tax regime for rare earths. A number of analysts and market watchers have commented on how those changes might affect rare earths prices — here, Don

Molycorp Takes a Hit Following Q1 Results Release

The company incurred a net loss of $102 million for Q1. Meanwhile, it’s facing delisting from the NYSE and is concerned about repaying convertible notes maturing in June. Overall, if Molycorp is “unable to execute [its] business plan and restructure [its] debt, [it] may not be able to continue.”

Could Molycorp Do a Reverse Stock Split?

Writing for Seeking Alpha, Shock Exchange suggested that rare earth producer Molycorp (NYSE:MCP) could engage in a reverse-stock split in coming weeks. The author noted that a potential delisting for Molycorp is still in effect, and suggested that management would engage in a reverse stock split before allowing the stock

Lynas: Is the Tide Turning?

The share price of Australian rare earths producer Lynas was up last week on two pieces of positive news for the company. Lynas saw $191,000 of positive free cash flow in March and said it cut costs significantly during the March quarter.

China to Eliminate Rare Earth Export Tariffs

China’s Ministry of Finance confirmed plans to eliminate export tariffs on rare earths, tungsten and molybdenum, effective May 1, 2015. According to Shanghai Metals Market, China previously imposed export duties of 15 to 25 percent on rare earth products.

Molycorp Gains 77 Percent on Siemens Supply Deal

Shares of Molycorp jumped Wednesday on news that the company has secured a 10-year rare earths supply deal with Siemens. Under the terms of the agreement, Molycorp will supply rare earth materials to Shin-Etsu Chemical, which will produce rare earth magnets for Siemens to use in its high-efficiency, direct-drive wind

5 Top Rare Earth Stories for Q1 2015

Here’s a look at some of the top stories from Rare Earth Investing News from the first quarter of the year. On the list are market commentaries from analysts, a look at companies that attended PDAC and an article on recent discoveries in the sector.

Rare Earth Market Outlook 2016

A look at rare earths in 2015 and the rare earth market outlook for 2016.

Read the full article!

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Medallion Process Test-Work Yields Positive Results

URL: https://investingnews.com/daily/resource-investing/critical-metals-investing/rare-earth-investing/medallion-process-test-work-yields-positive-results/