Mountain Pass to remain mothballed after securing funds

By Myles McCormick
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 funding.

The financing was received from an insurance company which means it continues to...

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