Molycorp, Inc. (NYSE:MCP), a development stage company, focuses on the production and sale of rare earth oxides (REOs) from stockpiled feedstocks in the western hemisphere. Molycorp operates the Mountain Pass mine, a non-Chinese rare earth deposit. Molycorp was founded in 2008 and is based in Greenwood Village, Colorado. Molycorp is the only rare earth oxide (REO) producer in the Western Hemisphere and currently produces approximately 3,000 metric tons of commercial rare earth materials per year. Following the execution of Molycorp’s “mine-to-magnets” strategy and the expected 2012 completion of Phase 1 of its modernization and expansion efforts at its Mountain Pass, California processing facility, Molycorp expects to produce at a rate of approximately 19,050 metric tons of REO equivalent per year.
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Cleantech Transit, Inc. (OTCBB:CLNO) is in the business of producing and conserving power. Cleantech Transit produces and sells clean electricity globally, with a focus on sustainable energies using renewable resources such as Geothermal, Solar and Wind. Cleantech Transit’s goal is to use innovative technologies to reduce electricity consumption and dependence on carbon based energy. A huge percentage of the world’s fossil fuels come from the world’s most volatile places. By reducing your use of oil derivatives, you reduce dependence on foreign energy sources, increasing our country’s energy security by converting energy from waste. With the growth in the green sector as a whole Cleantech Transit has expanded its focus to invest directly in specific projects that will maximize shareholder value. Recent advances in the technology of converting wood waste into power have so greatly enhanced the economic value of our systems Cleantech Transit has launched the biomass division as a separate company, Phoenix Energy, to focus exclusively on generating greater returns for manufacturing clients worldwide.
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