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Molycorp Prices Offering of Common Stock

GREENWOOD VILLAGE, Colo. (Oct. 15, 2013) -- Molycorp, Inc. (MCP) ("Molycorp" or the "Company") today announced the pricing of its previously announced registered public offering of 45,000,000 shares of its common stock (the "Common Stock") (or up to an aggregate of 51,750,000 shares of Common Stock if the underwriters of such offering exercise their option to purchase additional shares of Common Stock in full) at a price per share of $5.00 (the "Offering").

The Company expects to close the Offering on October 21, 2013, subject to satisfaction of customary closing conditions.

The Company intends to use the net proceeds received from the Offering to fund current capital needs for capital expenditures and other cash requirements, including, without limitation, capital expenditures at its Mountain Pass, California facility.

Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and J.P. Morgan Securities LLC are acting as joint bookrunners for the Offering.  BNP Paribas Securities Corp., GMP Securities L.P., HSBC Securities (USA) Inc. and Wells Fargo Securities, LLC are acting as co-managers for the Offering. Moelis & Company LLC served as Molycorp`s financial advisor and capital markets advisor for the Offering.

The Offering may be made only by means of a prospectus supplement and an accompanying prospectus.  When available, copies of the prospectus supplement and the accompanying prospectus relating to the Offering may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014,  from Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, or email: prospectus-ny@ny.email.gs.com or from J.P. Morgan Securities LLC c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Common Stock or any other securities, nor will there be any sale of the Common Stock or any other securities in any state or jurisdiction in which such an offer, solicitation or sale is not permitted 

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Source:  Molycorp, Inc. ($MCP)

For More Information:

Brian Blackman, +1 303-843-8067
Vice President Investor Relations


Jim Sims
, +1 303-843-8062
Vice President Corporate Communications

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information contained therein.

Source: Molycorp, Inc. via Thomson Reuters ONE