Mountain Pass to remain mothballed after securing funds
Published: Thursday, 01 September 2016
As Molycorp exits bankruptcy as Neo Performance Materials, shedding its Mountain Pass rare earths facility, the mine has received the funding necessary to keep it mothballed.
Mountain Pass, the rare earths mine
formerly owned and operated by Molycorp Inc. will remain in
care and maintenance mode, having received necessary
The financing was received from an insurance company which
means it continues to...