GWMG rejects Molycorp RE “direction”
July issue 2009
A proposed deal involving US rare earth (RE) developer Molycorp Minerals LLC gaining a controlling stake in Canada-based Great Western Minerals Group Ltd (GWMG) has been terminated after both parties failed to agree terms
Keywords: Molycorp Minerals LLC, Great Western Minerals Group, GW MG, transaction terminated, rare earth, Canada
A proposed deal involving US rare earth (RE) developer Molycorp Minerals LLC gaining a controlling stake in Canada-based Great Western Minerals Group Ltd (GWMG) has been terminated after both parties failed to agree terms.
GWMG said that the “direction in which we were heading with Molycorp” was not the most suited to shareholders.
The transaction would have focused on the acquisition of GWMG’s...
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