Molycorp
has
invested
in
part
of
Boulder
Wind's
$35m
capital-raising
effort,
buying
convertible
preferred
stock.
It
did
not
reveal
the
size
of
its
investment.
The
mining
firm
will
also
gain
a
seat
on
Boulder
Wind’s
board
and
become
the
preferred
provider
of
rare
earth
magnets
and
alloys.
“Gaining
access
to
Molycorp's
magnetic
rare
earth
materials
positions
this
superior
technology
to
accelerate
rapidly
and
our
company
to
grow
with
it,”
says
Sandy
Butterfield,
chief
executive
of
Boulder
Wind
Power.
Wind
turbines
using
rare-earth
magnets
are
increasingly
popular
as
they
allow
manufacturers…
