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Molycorp To Move Its Mountain Pass Rare Earth Facility To ‘Care and Maintenance’ Mode

Rare Earth Magnetic Materials Customers Will Not Be Impacted; Company Plans to Continue to Serve Rare Earth Oxide Customers Via Its Production Facilities in Estonia and China Depressed Rare Earth Pricing A Key Factor in Decision to Suspend ProductionGreenwood Village, CO (August 26, 2015) – Molycorp, Inc. (OTC: MCPIQ) (“Molycorp” or the “Company”) announced today that […]

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Molycorp, Inc. Secures Court Approval for Net $130 Million in Final DIP Financing and Additional Time to Pursue Plan of Reorganization

Greenwood Village, Col. (July 22, 2015) – Molycorp, Inc. (NYSE: MCP) (“Molycorp” or the “Company”), the only global, vertically-integrated producer of rare earth products used in many electronic, transportation, industrial and clean energy applications, today moved forward with its Chapter 11 process and received Court approval for an improved debtor-in-possession (DIP) financing package provided by […]

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Molycorp, Inc. Receives Court Approval for $22 Million in Interim Financing to Support Operations

Next Court Hearing to Review Final DIP Financing Set for July 20, 2015Greenwood Village, Col. (July 2, 2015) – Molycorp, Inc. (OTC: MCPIQ), (“Molycorp” or the “Company”) the only global, vertically-integrated producer of rare earth products used in many electronic, transportation, industrial and clean energy applications, reported today that it had received approval from the […]

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Molycorp, Inc. Signs Restructuring Support Agreement with Key Creditors

— Agreement Covers More Than 70% of 10% Secured Noteholders— Company to Complete Restructuring of $1.7 Billion of Debt Through Chapter 11 for U.S., Canadian Operations— Obtains Agreement for Up to $225 Million in New DIP FinancingGreenwood Village, Col. (June 25, 2015) – Molycorp, Inc. (NYSE: MCP), (“Molycorp” or the “Company”) the only global, vertically-integrated […]

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Molycorp and MCP Exchangeco Announce Postponement of 2015 Annual Meetings of Stockholders

GREENWOOD VILLAGE, Colo. (June 23, 2015) — Molycorp, Inc. (NYSE: MCP) (“Molycorp” or the “Company”) today announced that, in connection with the Company’s previously announced decision to take advantage of the 30-day grace period on semi-annual interest payments on its 10% Senior Secured Notes due 2020 and 3.25% Senior Unsecured Convertible Notes due 2016, and […]

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Molycorp Elects To Take Advantage of 30-Day Grace Period on $3.36 Million Semi-Annual Interest Payment on its 3.25% Senior Unsecured Convertible Notes Due 2016

For Immediate Release:  9 a.m. Eastern, June 15, 2015GREENWOOD VILLAGE, CO (June 15, 2015) – Molycorp, Inc. (NYSE:  MCP) (the “Company”) announced today that it has elected to take advantage of the 30-day grace period with respect to the approximately $3.36 million semi-annual interest payment due June 15, 2015 on its 3.25% Senior Unsecured Convertible […]

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Molycorp Elects To Take Advantage of 30-Day Grace Period on $32.5 Million Semi-Annual Interest Payment on its 10% Senior Notes Due 2020

For Immediate Release:  9 a.m. Eastern, June 1, 2015GREENWOOD VILLAGE, CO (June 1, 2015) – Molycorp, Inc. (NYSE:  MCP) (the “Company”) announced today that it has elected to take advantage of the 30-day grace period with respect to the $32.5 million semi-annual interest payment due June 1, 2015 on its 10% Senior Secured Notes due 2020, […]

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Molycorp (NYSE: MCP) Reports First Quarter 2015 Financial Results

For Release:  7 a.m. Eastern, May 7, 2015 HIGHLIGHTS:The Company reported higher production volumes in the first quarter of 2015 at its Mountain Pass, California rare earth facility of 1,479 metric tons (“mt”) of rare earth oxide (“REO”) equivalent. This was an 11% increase over the fourth quarter 2014 production of 1,328 mt. The Company reported first […]

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Molycorp Chosen to Supply Rare Earths for Use In High-Efficiency Siemens Wind Turbine Generators

GREENWOOD VILLAGE, CO (April 15, 2015) – Siemens AG (“Siemens”) has selected Molycorp, Inc. (NYSE: MCP) (“Molycorp”) to supply rare earth materials over the next 10 years from its Mountain Pass, California facility for incorporation into Siemens’ high-efficiency, direct drive wind turbine generators.  Molycorp will supply rare earth materials to Shin-Etsu Chemical Co., Ltd. (“Shin-Etsu”), […]

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Molycorp Reports Fourth Quarter & Full Year 2014 Financial Results

For Release:  March 16, 2015HIGHLIGHTS:The Company reported higher production volumes in the fourth quarter of 2014 at its Mountain Pass, California rare earth facility, with 1,328 metric tons (“mt”) of rare earth oxide (“REO”) equivalent production. That compares to 1,034 mt in the fourth quarter of 2013 and 691 mt in the third quarter of […]

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