Donnerstag, 09. Februar | 17:05 Uhr

Molycorp, Inc., whose wholly owned subsidiary, Molycorp Minerals, LLC,
is a U.S. rare earth producer and technology company, today announced
that it plans to file a registration statement with the U.S. Securities
and Exchange Commission for a proposed underwritten initial public
offering of its common stock. The filing of such registration statement
and the offering are subject to applicable economic and capital market
conditions. Molycorp expects to use the proceeds of the offering for the
modernization and expansion of its Mountain Pass, California mining and
production facility as well as for general corporate purposes,
including, without limitation, to fund working capital requirements and
to develop new products, processes and technologies, both through
acquisitions and capital programs. Molycorp expects to file the
registration statement in the second quarter of 2010.

This announcement does not constitute an offer to sell, or the
solicitation of an offer to buy, any securities. This announcement is
being issued pursuant to, and in accordance with, Rule 135 under the
Securities Act of 1933.