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Stock Market & Financial Investment News

News Breaks
January 10, 2013
11:43 EDTAVL, SHZ, REE, MCPRare earth miners fall after Molycorp revenue, cash flow guidance
Shares of "rare earth" mining company Molycorp (MCP) are sharply lower after the company forecast lower than expected 2013 revenue and cash flow, citing the combination of the ramp-up schedule for its Mountain Pass project and the current rare earth pricing environment. The company also noted it will not complete Phase 2 construction at Mountain Pass until until market demand, product pricing, capital availability, and financial returns justify additional increases in production beyond Phase 1. J.P. Morgan added to the negative sentiment by lowering its price target on the shares to $5 from $8 while maintaining an Underweight rating. In late morning trade, Molycorp slid nearly 22% to $8.44. Other rare earth miners have seen their shares slip as well, with China Shen Zhou Mining (SHZ) down over 3%, Rare Element Resources (REE) falling nearly 4% and Avalon Rare Metals shedding about 6%.
News For SHZ;MCP;REE;AVL From The Last 14 Days
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August 24, 2015
18:01 EDTREERare Element files Canadian preliminary shelf prospectus
Rare Element Resources announced that it has filed a preliminary short form base shelf prospectus with securities regulatory authorities in the provinces of British Columbia, Alberta and Ontario to replace the company's short form base shelf prospectus previously filed in July, 2013. Upon the company filing and receiving a receipt for its final short form base shelf prospectus, from the securities regulatory authorities in the Qualifying Jurisdictions, the company will be able to offer and sell, from time to time in one or more public offerings in the Qualifying Jurisdictions, up to the equivalent of $50M of debt, equity, or other securities of the company during the 25-month period that the Canadian Shelf, including any amendments thereto, remains effective.

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