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Molycorp (MCP) gains 3.5% after the company announces it has been granted authorization by the...

Molycorp (MCP) gains 3.5% after the company announces it has been granted authorization by the U.S. government to "commence exploratory drilling" at a rare earth deposit near its Mountain Pass, CA manufacturing facility. The company says it expects results from its drilling efforts in Q2 2012. (previously)
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