- A map showing the facility locations of Molycorp and its subsidiary companies can be seen here.
- A summary describing the capabilities of the combined companies can be seen here.
- A listing of the elements from which the combined companies will produce high-purity, custom engineered products can be seen here.
Molycorp, Inc. (NYSE:MCP) (“Molycorp” or the "Company") announced today that its acquisition of Canadian-based Neo Material Technologies Inc. (TSX:NEM) (“Neo Materials” or "Neo") has officially closed, creating a global rare earth leader with a combination of a world-class rare earth resource, ultra-high-purity rare earth processing capabilities, and full 'mine-to-magnetics' vertical integration. Today's close of the acquisition follows a 99.9% vote by Neo Materials' shareholders to approve the transaction in a May 30, 2012, Special Meeting; final approval of the Plan of Arrangement ("Arrangement") from Investment Canada on June 8, 2012; and a Final Order to approve the Arrangement, also on June 8, 2012, by the Ontario Superior Court of Justice (Commercial List). Following the close, Neo Materials' subsidiaries will use the Molycorp corporate logo, with the exception of Neo's Magnequench subsidiary, which will use a Molycorp Magnequench logo. Combined, the companies span 26 locations across 11 countries, and have over 2,600 employees worldwide.