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Stock Market & Financial Investment News

News Breaks
March 27, 2014
12:08 EDTMCP, REERare earth prices to drop further, Reuters reports
The prices of rare earth minerals will drop further this year, according to Reuters. Increased output from new mines, disappointing demand for tech products, and the WTO's ruling against China;s export controls will weigh on prices, the news service stated. Molycorp (MCP) and Rare Element (REE) are rare earth mineral miners. Reference Link
News For MCP;REE From The Last 14 Days
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November 10, 2014
07:32 EDTREERare Element reports Q3 EPS (8c) vs. (15c) last year
For accounting purposes, the company is classified as an exploration stage company and, as such, does not have production-related revenues at this time. As of September 30, the company had cash and cash equivalents of $12.9M, compared with $16.1M at June 30. The net cash used of $3.2M during the quarter was spent primarily on permitting, engineering and economic evaluation work to support the Preliminary Feasibility Study, trench work and general corporate expenses.

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