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Molycorp Inc > Heavy Rare Earth Drilling

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Post by Endorse on Aug 28, 2012 8:50am

Heavy Rare Earth Drilling

Wouldn't this be sweet if the drilling proved successful* and they would have even more heavy earths

to feed their new concentrator. The results were supposed to come out 2nd quarter.

* Reuters

Fri Dec 16, 2011 8:00am EST

Molycorp Secures Government Approval To Conduct Heavy Rare Earth Exploratory Drilling

"This is an important milestone in our heavy rare earth strategy, and we expect to begin drilling immediately,” said Mark A. Smith, Molycorp's President and Chief Executive Officer. “We anticipate results from the drilling program in the second quarter of 2012. I’d also like to compliment the Bureau of Land Management and the U.S. Department of Interior for their thorough and efficient review of our drilling Notice."

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