Molycorp Declares Preferred Dividend

Molycorp, Inc. MCP, today announced that its Board of Directors has elected to declare a cash dividend on outstanding shares of its 5.50% Series A mandatory convertible preferred stock in an amount equal to $1.375 per share. Molycorp will pay the dividend on September 1, 2012 to the holders of record of shares of Series A mandatory convertible preferred stock at the close of business on August 15, 2012. As of August 1, 2012, there were a total of 2,070,000 shares of Series A mandatory convertible preferred stock outstanding.