 On July 29, 2010, Molycorp, Inc., a newly established parent company of Molycorp Minerals LLC, became a publicly traded firm by selling 28,125,000 shares at $14 in its IPO.The shares were trade under the ticker symbol MCP on the NYSE.In April 2011, Molycorp bought 90% stake in a rare metals processing company Silmet in Estonia for US$89 million.