Molycorp (MCP) announces that it will receive an investment of $390M from Chile's Molymet in...

|By:, SA News Editor

Molycorp (MCP) announces that it will receive an investment of $390M from Chile's Molymet in exchange for 12.5M shares of its common stock. The share price on the deal reflects a 20-day weighted average and 10% premium. Shares +6.2% premarket.