Molycorp, NEA Back Boulder Wind Power

Molycorp Inc., a listed provider of rare-earth metals, has put an undisclosed amount into venture-backed Boulder Wind Power, and sealed a spot on the company’s board, Reuters reported. Molycorp said it would buy convertible preferred stock as part of Boulder, Colorado-based Boulder Wind's efforts to raise $35 million in capital. Existing backer New Enterprise Associates also contributed to the financing round, Reuters said.

14 September 2011•2 mins read
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