Davis Polk advised Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and J.P. Morgan Securities LLC as the joint book runners on a $258.7 million SEC-registered offering of 51,750,000 shares of common stock of Molycorp, Inc. (Molycorp).

Headquartered in Greenwood Village, Colorado, Molycorp is a leading rare earths and rare metals company, and combines a world-class rare earth resource at Mountain Pass, California, with world-class ultra-high-purity rare earth and rare metal materials processing capabilities.  With 27 locations across 11 countries, Molycorp is vertically integrated across the global rare earth mine-to-magnetics supply chain. Through its Molycorp Magnequench subsidiary, Molycorp is a leading global producer of neodymium-iron-boron (NdFeB) magnet powders, used to manufacture bonded NdFeB permanent rare earth magnets.

The Davis Polk corporate team included partner Michael Kaplan, associate Connor Kuratek and law clerk Jennifer Ying Lan. Counsel Hayden S. Baker and associate Amy E. Turner provided environmental advice. The intellectual property team included partner Frank J. Azzopardi and law clerk Dan Karmel. Partner Rachel D. Kleinberg and associate Adam Bedzow provided tax advice. Rosemarie Melendez was the legal assistant on the transaction. Members of the Davis Polk team are based in the New York and Menlo Park offices.