Current Report Filing (8-k)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): October 30, 2015

Molycorp, Inc.

(Exact name of registrant as specified in its charter)



Delaware	001-34827	27-2301797
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)



5619 Denver Tech Center Parkway, Suite 1000, Greenwood Village, CO		80111
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (303) 843-8040

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01. Regulation FD Disclosure.

As previously disclosed, on June 25, 2015, Molycorp, Inc. (the “Company”), certain of its direct and indirect wholly owned domestic subsidiaries and certain of its foreign subsidiaries in Canada, Barbados and Luxembourg (collectively with the Company, the “Debtors”) each commenced a case (collectively, the “Chapter 11 Cases”) by filing a voluntary petition for relief under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Court”). The Debtors are continuing in possession of their properties and are managing their businesses, as debtors-in-possession, in accordance with the applicable provisions of the Bankruptcy Code and orders of the Court. The Company’s operating subsidiaries in Hong Kong, China, Thailand, Sri Lanka, Japan, Korea, Germany, United Kingdom, Estonia and Singapore are not Debtors under the Chapter 11 Cases. In addition, the Company’s majority owned joint venture in Quapaw, Oklahoma, is not a Debtor under the Chapter 11 Cases. The Chapter 11 Cases are styled In re Molycorp, Inc., et al, U.S. Bankruptcy Court, District of Delaware, Case No. 15-11357.

On October 30, 2015, the Debtors filed their monthly operating report (the “Monthly Operating Report”) for the month of September 2015 with the Court. The Monthly Operating Report is furnished as Exhibit 99.1 to this Current Report on Form 8-K ("Form 8-K") and is incorporated herein by reference, provided, that certain of the detailed attachments to the Monthly Operating Report that were filed with the Court are not included in Exhibit 99.1. Such information can be viewed on the Court's docket at www.deb.uscourts.gov or at https://cases.primeclerk.com/molycorp/.

Cautionary Statement Regarding Monthly Operating Report

The Company cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Report, which was not prepared for the purpose of providing the basis for an investment decision relating to any of the securities of the Company. The Monthly Operating Report is limited in scope, covers limited time periods, and has been prepared solely for the purpose of complying with the monthly reporting requirements of the Court. The Monthly Operating Report was not audited or reviewed by independent accountants, was not prepared in accordance with U.S. generally accepted accounting principles, is in a format prescribed by applicable bankruptcy laws, and is subject to future adjustment and reconciliation. There can be no assurance that, from the perspective of an investor or potential investor in the Company’s securities, the Monthly Operating Report is complete. The Monthly Operating Report also contains information for periods which are shorter and otherwise different from those required in the Company’s periodic reports pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and such information might not be indicative of the Company’s financial condition or operating results for a period that would be reflected in the Company’s financial statements or in its report pursuant to the Exchange Act. Information set forth in the Monthly Operating Report should not be viewed as indicative of future results.

Special Note Regarding Forward-Looking Statements

This Form 8-K, and the information furnished in the attached exhibit, contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this Form 8-K that are not statements of historical fact and other estimates, projections, future trends and the outcome of events that have not yet occurred referenced in this Form 8-K should be considered forward-looking statements. Readers can identify forward-looking statements by terminology such as "may," "will," "would," "could," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" or the negative or plural of these terms or other similar expressions or phrases. Although the Company believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include, among others, the Company's ability to continue as a going concern, including its ability to successfully confirm a plan of reorganization that would restructure certain of the its debt obligations to address its liquidity issues and allow the Debtors to emerge from the Chapter 11 Cases, or to execute one or more strategic transactions either as part of such a plan of reorganization or otherwise; the Company's ability to secure confirmation of a proposed reorganization plan from the Court; the Company's ability to develop and implement a Limited Operations Plan ("LOP"), as defined in the Company's report on Form 10-Q for the quarterly period ended June 30, 2015 filed with the U.S. Securities and Exchange Commission ("SEC") on August 17, 2015, within the time frames set out in the Final DIP Credit Agreement, also defined in the

Company's report on Form 10-Q for the quarterly period ended June 30, 2015; and the final costs of the Company's LOP, which may differ from estimated costs, including unanticipated costs related to the implementation of the LOP. Readers are referred to the Company's report on Form 10-Q for the quarterly period ended June 30, 2015 filed with the SEC on August 17, 2015, which further identifies other important risk factors that could cause actual results to differ materially from the forward-looking statements in this Form 8-K and the exhibit hereto. The Company disclaims any obligations to update any forward-looking statements.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit relating to Item 7.01 shall be deemed to be furnished and not "filed" for purposes of Section 18 of the Exchange Act:



Exhibit Number			Description

99.1			Monthly Operating Report for the month of September 2015, filed with the United States Bankruptcy Court for the District of Delaware.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



	MOLYCORP, INC.


	By:	/s/ Michael F. Doolan
	Name:	Michael F. Doolan
	Title:	Executive Vice President and Chief Financial Officer

Date: November 2, 2015

Exhibit Index



Exhibit Number			Description

99.1			Monthly Operating Report for the month of September 2015, filed with the United States Bankruptcy Court for the District of Delaware.

Exhibit 99.1



UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
	Reporting Period: September 2015



MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month.
REQUIRED DOCUMENTS	Form No.	Document Attached	Explanation Attached	Affidavit/Supplement Attached
Schedule of Cash Receipts and Disbursements	MOR-1	X
Bank Reconciliation (or copies of debtor's bank reconciliations)	MOR-1a	X		X
Schedule of Professional Fees Paid	MOR-1b	X
Copies of bank statements			X
Cash disbursements journals
Statement of Operations	MOR-2	X
Balance Sheet	MOR-3	X
Status of Postpetition Taxes	MOR-4
Copies of IRS Form 6123 or payment receipt
Copies of tax returns filed during reporting period
Summary of Unpaid Postpetition Debts	MOR-4	X		X
Listing of aged accounts payable	MOR-4	X
Accounts Receivable Reconciliation and Aging	MOR-5	X
Debtor Questionnaire	MOR-5	X
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.
___________________________	___________________________
Signature of Debtor	Date
___________________________	___________________________
Signature of Joint Debtor	Date
/s/ Michael F. Doolan	October 30, 2015
Signature of Authorized Individual*	Date
Michael F. Doolan	Executive Vice President and Chief Financial Officer
Printed Name of Authorized Individual	Title of Authorized Individual
* Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

General Notes to the Monthly Operating Report ("MOR")

The Chapter 11 Cases

On June 25, 2015 (the "Petition Date"), Molycorp, Inc. (the “Company”), certain of its direct and indirect wholly owned domestic subsidiaries and certain of its foreign subsidiaries in Canada, Barbados and Luxembourg (collectively with the Company, the “Debtors”) each commenced a case (collectively, the “Chapter 11 Cases”) by filing a voluntary petition for relief under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Court”). The Debtors are continuing in possession of their properties and are managing their businesses, as debtors-in-possession, in accordance with the applicable provisions of the Bankruptcy Code and orders of the Court. The Company’s operating subsidiaries in Hong Kong, China, Thailand, Sri Lanka, Japan, Korea, Germany, United Kingdom, Estonia and Singapore are not Debtors under the Chapter 11 Cases. In addition, the Company’s majority owned joint venture in Quapaw, Oklahoma, is not a Debtor under the Chapter 11 Cases. The Chapter 11 Cases are styled In re Molycorp, Inc., et al, U.S. Bankruptcy Court, District of Delaware, Case No. 15-11357.

Although the Chapter 11 Cases triggered defaults for certain of the Debtors’ debt obligations, creditors are stayed from taking any actions as a result of such defaults. Substantially all of the Debtors' pre-petition liabilities are subject to settlement under a reorganization plan. As a result of the Chapter 11 Cases, the realization of assets and the satisfaction of liabilities are subject to uncertainty. The Debtors, operating as debtors-in-possession under the Bankruptcy Code, may, subject to approval of the Court, sell or otherwise dispose of assets and liquidate or settle liabilities for amounts other than those reflected in certain financial information herein disclosed. In addition, a confirmed reorganization plan or other arrangement may materially change the amounts and classifications of assets and liabilities herein disclosed.

The U.S. Trustee for the District of Delaware (the "U.S. Trustee") has appointed an official committee of unsecured creditors (the “UCC”). The UCC is organized to represent the interests of all creditors that have unsecured claims against the Debtors. The UCC and its legal representatives have a right to be heard on all matters affecting the Debtors that come before the Court. There can be no assurance that the UCC will support the Debtors' positions on matters to be presented to the Court in the future or on any reorganization plan, once proposed. This could materially change the amounts and classifications of assets and liabilities herein disclosed.

Debtor-In-Possession Financing

On July 2, 2015, the Company received approval from the Court, pursuant to an interim order, to borrow an aggregate of $22.0 million in interim debtor-in-possession financing provided by an affiliate of Oaktree Capital Management ("Oaktree"). On July 24, 2015, the Court, pursuant to a final order, approved a Secured Superpriority Debtor-In-Possession Credit Agreement between the Company, Oaktree and other lenders for an additional aggregate of $113.4 million. For more information, readers are referred to the Company's report on Form 10-Q for the quarterly period ended June 30, 2015 filed with the Securities and Exchange Commission on August 17, 2015.

Basis of presentation

The financial statements and supplemental information contained herein are unaudited, limited in scope, cover a limited time period, and have been prepared solely for the purpose of complying with the monthly reporting requirements for the Debtors, as set forth by the Court, and is in a format intended to meet the requirements for the Debtors, as set forth by the U.S. Trustee.

Except for cash receipts and disbursements, the financial statements and supplemental information contained herein are prepared on an accrual basis. However, this MOR is not prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and does not include all of the information and footnotes required by GAAP. Therefore, there can be no assurance that the financial information presented herein is complete and readers are strongly cautioned not to place undue reliance on the MOR. The unaudited financial statements herein included have been derived from the books and records of the Debtors. As a result, certain transactions that are not identified in the normal course of business in the Debtors’ books and records may not be included in this MOR. The information furnished in this report primarily includes normal recurring adjustments but not all the adjustments that would typically be made for the quarterly and annual consolidated financial statements to be in accordance with GAAP. Furthermore, the monthly financial information contained herein has not been subjected to the same level of accounting review and testing that the Debtors apply in the preparation of their quarterly and annual consolidated financial information in accordance with GAAP. Accordingly, upon the application of such procedures, the Debtors believe that the financial information may be subject to change, and any changes could be material. The results of operations contained herein are not necessarily indicative of results that may be expected for any other period or for the full year and may not necessarily reflect the consolidated results of operations and financial position of the Debtors in the future.



UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-1	Reporting Period: September 2015



SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
										1 of 2



Debtors	Molycorp Minerals LLC			Magnequench International Inc		Molycorp Metals & Alloys		Molycorp Rare Metals (Utah) Inc.		Molycorp Minerals Canada ULC		Molycorp Chemical & Oxide Inc.		Molycorp Inc.	Magnequench Ltd.	NEO International Corp.		Molycorp Rare Metals Holding Inc.	MCP Canada Ltd Partnership		Molycorp Luxembourg Hldgs Sarl	MCP Exchangeco Inc.	MCP Callco ULC
Case No.	15-11371			15-11360		15-11369		15-11373		15-11370		15-11367		15-11357	15-11361	15-11374		15-11372	15-11365		15-11368	15-11366	15-11363
Country	USA			USA		USA		USA		Canada		USA		USA	Barbados	Barbados		USA	Canada		Luxembourg	Canada	Canada
USD in 000s

Operating Activity
Cash Receipts
Resources	$	600		—		—		—		—		—		—	—	—		—	—		—	—	—
Rare Metals	—			—		—		332		—		—		—	—	—		—	—		—	—	—
Magnetic Materials & Alloys	—			2,910		558		—		—		—		—	—	—		—	—		—	—	—
Chemicals & Oxides	—			—		—		—		—		3,722		—	—	—		—	—		—	—	—
Other receipts	37			—		—		80		41		—		—	2	—		—	—		—	—	—
Total Operating Cash Receipts	637			2,910		558		412		41		3,723		—	2	—		—	—		—	—	—

Cash Disbursements
Payroll	(4,950		)	(213	)	(119	)	(77	)	(472	)	(59	)	—	—	(37	)	—	(14	)	—	—	—
Contract labor	—			—		—		—		—		—		—	—	—		—	—		—	—	—
Raw material payments	—			(709	)	(223	)	(535	)	—		—		—	—	—		—	—		—	—	—
Reagents & chemicals	—			—		—		—		(18	)	—		—	—	—		—	—		—	—	—
Transportation & shipping	—			(3	)	—		(28	)	—		—		—	—	—		—	—		—	—	—
Other production costs	(5,391		)	—		(72	)	(9	)	(53	)	—		—	—	—		—	—		—	—	—
Repairs & maintenance (non-CapEx)	—			—		—		—		(8	)	—		—	—	—		—	—		—	—	—
Professional fees	(298		)	(10	)	—		—		—		—		—	—	—		—	—		—	—	—
Rent and operating leases	(104		)	(8	)	—		—		(65	)	—		—	—	—		—	—		—	—	—
Taxes	—			—		(34	)	—		(7	)	—		—	—	—		—	—		—	—	—
Insurance	(762		)	(67	)	—		—		—		—		—	—	—		—	—		—	—	—
Utilities	—			—		(11	)	(9	)	(10	)	—		—	—	—		—	—		—	—	—
Other disbursements	(49		)	(19	)	—		(2	)	(150	)	(164	)	—	—	(30	)	—	—		—	—	—



Total Operating Cash Disbursements	(11,554		)	(1,029		)	(459		)	(661		)	(784		)	(223		)	—			—		(66		)	—		(14		)	—		—		—

Net Cash Flow - Operating	(10,917		)	1,881			99			(248		)	(742		)	3,499			—			2		(66		)	—		(14		)	—		—		—

Intercompany
Net intercompany - operating	14,434			(1,840		)	123			46			48			200			(12,480		)	—		—			—		1,682			—		—		—
Net intercompany - debt & equity	—			(1,153		)	—			—			(1		)	—			1,153			—		—			—		—			—		—		—
Net investment & JV funding	—			—			—			—			—			—			—			—		—			—		—			—		—		—
Net Intercompany	14,434			(2,993		)	123			46			47			200			(11,327		)	—		—			—		1,682			—		—		—

Non-Operating Activity
Cash Receipts	—			—			—			—			—			—			—			—		—			—		—			—		—		—
3rd-party loan proceeds	—			—			—			—			—			—			—			—		—			—		—			—		—		—
Total Non-Operating Cash Receipts	—			—			—			—			—			—			—			—		—			—		—			—		—		—

Cash Disbursements
Interest	—			—			—			—			—			—			(4,043		)	—		—			—		—			—		—		—
Capital expenditures	(291		)	—			—			—			(12		)	—			—			—		—			—		—			—		—		—
Capital lease & other	(455		)	—			—			—			—			—			—			—		—			—		—			—		—		—
Reorganization professional fees	—			—			—			—			—			—			(1,773		)	—		—			—		—			—		—		—
Total Non-Operating Cash Disbursements	(3,344		)	—			—			—			(12		)	—			(5,816		)	—		—			—		—			—		—		—

Net Cash Flow - Non-Operating	(3,344		)	—			—			—			(12		)	—			(5,816		)	—		—			—		—			—		—		—

Total Net Increase (Decrease) in Cash	$	174		$	(1,113	)	$	222		$	(203	)	$	(707	)	$	3,699		$	(17,143	)	$	2	$	(66	)	$	—	$	1,668		—		—		—

Beginning Cash Balance - Book	$	1,676		$	8,175		$	633		$	3,607		$	4,704		$	12,785		$	116,076		$	143	$	150		$	386	$	6,968		$	10	$	6	$	5
Total cash receipts	637			2,910			558			412			41			3,723			—			2		—			—		—			—		—		—
Total cash disbursements	(14,897		)	(1,029		)	(459		)	(661		)	(796		)	(223		)	(5,816		)	—		(66		)	—		(14		)	—		—		—
Net intercompany	14,434			(2,993		)	123			46			47			200			(11,327		)	—		—			—		1,682			—		—		—
Ending Cash Balance - Book - Debtors	$	1,850		$	7,063		$	855		$	3,404		$	3,996		$	16,484		$	98,933		$	145	$	84		$	386	$	8,635		$	10	$	6	$	5




DISBURSEMENTS SOLELY FOR PURPOSE OF CALCULATING U.S. TRUSTEE QUARTERLY FEES:
Total Cash Disbursements (Excluding Reorg Pro Fees)	(14,897	)	(10,003	)	(459	)	(801	)	(1,243	)	(6,910	)	(2,890	)	—	(66	)	—	(5,013	)	—	—	—
Allocated - Reorganization Professional Fees	(625	)	(419	)	(19	)	(34	)	(52	)	(290	)	(121	)	—	(3	)	—	(210	)	—	—	—
Total Disbursements for Calculating U.S. Trustee Quarterly Fees	(15,522	)	(10,423	)	(478	)	(834	)	(1,296	)	(7,200	)	(3,011	)	—	(69	)	—	(5,223	)	—	—	—



UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-1	Reporting Period: September 2015



SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
Continuation Sheet for MOR-1										2 of 2



Debtors	Industrial Minerals LLC		Magnequench Inc.		MCP Canada Holdings ULC		PP IV Mountain Pass II Inc.		PP IV Mountain Pass I Inc		RCF IV Speedwagon Inc.		Molycorp Advanced Water Technologies LLC		GRAND
Case No.	15-11358		15-11359		15-11364		15-11376		15-11375		15-11377		15-11362		TOTAL
Country	USA		USA		Canada		USA		USA		USA		USA
USD in 000s

Operating Activity
Cash Receipts
Resources	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	600
Rare Metals	—		—		—		—		—		—		—		332
Magnetic Materials & Alloys	—		—		—		—		—		—		—		3,468
Chemicals & Oxides	—		—		—		—		—		—		—		3,722
Other receipts	—		—		—		—		—		—		—		161
Total Operating Cash Receipts	—		—		—		—		—		—		—		8,283

Cash Disbursements
Payroll	—		—		—		—		—		—		—		(5,941		)
Contract labor	—		—		—		—		—		—		—		—
Raw material payments	—		—		—		—		—		—		—		(1,467		)
Reagents & chemicals	—		—		—		—		—		—		—		(18		)
Transportation & shipping	—		—		—		—		—		—		—		(31		)
Other production costs	—		—		—		—		—		—		—		(5,525		)
Repairs & maintenance (non-CapEx)	—		—		—		—		—		—		—		(8		)
Professional fees	—		—		—		—		—		—		—		(308		)
Rent and operating leases	—		—		—		—		—		—		—		(177		)
Taxes	—		—		—		—		—		—		—		(41		)
Insurance	—		—		—		—		—		—		—		(829		)
Utilities	—		—		—		—		—		—		—		(31		)
Other disbursements	—		—		—		—		—		—		—		(414		)
Total Operating Cash Disbursements	—		—		—		—		—		—		—		(14,790		)



Net Cash Flow - Operating	—		—		—		—		—		—		—		(6,507		)

Intercompany
Net intercompany - operating	—		—		—		—		—		—		—		2,212
Net intercompany - debt & equity	—		—		—		—		—		—		—		(1		)
Net investment & JV funding	—		—		—		—		—		—		—		—
Net Intercompany	—		—		—		—		—		—		—		2,211

Non-Operating Activity
Cash Receipts	—		—		—		—		—		—		—		—
3rd-party loan proceeds	—		—		—		—		—		—		—		—
Total Non-Operating Cash Receipts	—		—		—		—		—		—		—		—

Cash Disbursements
Interest	—		—		—		—		—		—		—		(4,043		)
Capital expenditures	—		—		—		—		—		—		—		(303		)
Capital lease & other	—		—		—		—		—		—		—		(455		)
Reorganization professional fees	—		—		—		—		—		—		—		(1,773		)
Total Non-Operating Cash Disbursements	—		—		—		—		—		—		—		(9,172		)

Net Cash Flow - Non-Operating	—		—		—		—		—		—		—		(9,172		)

Total Net Increase (Decrease) in Cash	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	(13,467	)

Beginning Cash Balance - Book	$	—	$	—	$	5	$	—	$	—	$	—	$	5	$	155,334
Total cash receipts	—		—		—		—		—		—		—		8,283
Total cash disbursements	—		—		—		—		—		—		—		(23,961		)
Net intercompany	—		—		—		—		—		—		—		2,211
Ending Cash Balance - Book - Debtors	$	—	$	—	$	5	$	—	$	—	$	—	$	5	$	141,867


DISBURSEMENTS SOLELY FOR PURPOSE OF CALCULATING U.S. TRUSTEE QUARTERLY FEES:
Total Cash Disbursements (Excluding Reorg Pro Fees)	—		—		—		—		—		—		—		(42,283		)
Allocated - Reorganization Professional Fees	—		—		—		—		—		—		—		(1,773		)
Total Disbursements for Calculating U.S. Trustee Quarterly Fees	—		—		—		—		—		—		—		(44,056		)



UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-1a	Reporting Period: September 2015

BANK RECONCILIATIONS

1 of 5

Debtor

Molycorp Inc.

Case No.

15-11357

Operating

Others

#XXXXXX8924
WF USD account

#XXX-XXXXXX-070
HSBC USD account

#XXX-XXXXXX-001
HSBC CAD account

#XXXX7147
WF Securities USD account

#XXXXXX5228
WF USD account

#XXXXXX-000
Wilmington Trust USD account

#XXXXX6000
USBank USD account

#XXXXXX4705
WF Securities USD account

BALANCE PER BOOKS

Foreign Currency

—

CAD 5,166.86

—

USD or USD equivalent

399,517.6

5,063.04

3,881.06

16,000,197.12

40,614.00

82,299,600.68

450,000.00

1,757,347.32

BANK BALANCE

30-Sep-15

399,517.6

30-Sep-15

5,063.04

30-Sep-15

5,166.86

30-Sep-15

16,000,197.12

30-Sep-15

40,614.00

30-Sep-15

82,299,600.68

30-Sep-15

450,000.00

30-Sep-15

1,757,347.32

(+) DEPOSITS IN TRANSIT (ATTACH LIST)

—

(-) OUTSTANDING CHECKS (ATTACH LIST)

—

OTHER (ATTACH EXPLANATION)

—

ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*

5,166.86

ADJUSTED BANK BALANCE IN USD *

399,517.6

5,063.04

3,881.06

16,000,197.12

40,614.00

82,299,600.68

450,000.00

1,757,347.32

* Adjusted bank balance must equal

balance per books

DEPOSITS IN TRANSIT

Date

Amount

Date

Amount

Date

Amount

Date

Amount

Date

Amount

Date

Amount

Date

Amount

Date

Amount

CHECKS OUTSTANDING

Ck. #

Amount

Ck. #

Amount

Ck. #

Amount

Ck. #

Amount

Ck. #

Amount

Ck. #

Amount

Ck. #

Amount

Ck. #

Amount

OTHER

Explanation

Amount

Explanation

Amount

Explanation

Amount

Explanation

Amount

Explanation

Amount

Explanation

Amount

Explanation

Amount

Explanation

Amount

Dividend income

196.39



BANK RECONCILIATIONS
Continuation Sheet for MOR-1a																		2 of 5
Debtor		Magnequench International, Inc.											Magnequench Limited
Case No.		15-11360											15-11361
		Operating											Operating
		#XXXXXX6057 WF USD account			#XXXXXX6462 PNC USD account		#XXXXXX6489 PNC USD account		#XXX9633 Sumitomo Mitsui JPY account		#XXX8704 The Bank of Tokyo Mitsubishi Bank JPY account		#XXXXXXXX3673 RBC USD account		#XXXXXXXX6849 RBC BBD account		#XXXXXX0228 WF USD account
BALANCE PER BOOKS	Foreign Currency				—		—		JPY 5,385,073		JPY 857,696		—		BBD 24,114.74		—
	USD or USD equivalent	6,018,763.24			103,246.47		1,007.40		44,920.53		7,154.62		128,186.86		12,057.37		5,000.00

BANK BALANCE		30-Sep-15	6,043,935.01		30-Sep-15	103,246.47	30-Sep-15	1,007.40	30-Sep-15	5,385,073.00	31-Aug-15	857,696.00	30-Sep-15	128,186.86	30-Sep-15	24,114.74	30-Sep-15	5,000.00
(+) DEPOSITS IN TRANSIT (ATTACH LIST)
(-) OUTSTANDING CHECKS (ATTACH LIST)			(25,171.77	)
OTHER (ATTACH EXPLANATION)
ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*										5,385,073.00		857,696.00		128,186.86		24,114.74		5,000.00
ADJUSTED BANK BALANCE IN USD *			6,018,763.24			103,246.47		1,007.40		44,920.53		7,154.62		128,186.86		12,057.37		5,000.00
* Adjusted bank balance must equal
balance per books

DEPOSITS IN TRANSIT		Date	Amount		Date	Amount	Date	Amount	Date	Amount	Date	Amount	Date	Amount	Date	Amount	Date	Amount


CHECKS OUTSTANDING		Ck. #	Amount		Ck. #	Amount	Ck. #	Amount	Ck. #	Amount	Ck. #	Amount	Ck. #	Amount	Ck. #	Amount	Ck. #	Amount
		168105	291.00
		168109	23.49
		168110	1,012.58
		168111	105.33
		168112	5,985.16
		168113	824.46

168114

9,384.05

168116

4,141.00

168117

3,242.00

168118

162.70

OTHER

Explanation

Amount

Explanation

Amount

Explanation

Amount

Explanation

Amount

Explanation

Amount

Explanation

Amount

Explanation

Amount

Explanation

Amount



BANK RECONCILIATIONS
Continuation Sheet for MOR-1a																					3 of 5
Debtor		Molycorp Advanced Water Technologies, LLC				MCP Callco ULC		MCP Canada Holdings ULC		MCP Canada Limited Partnership				MCP Exchangeco Inc.		Molycorp Chemicals & Oxides, Inc.
Case No.		15-11362				15-11363		15-11364		15-11365				15-11366		15-11367
		Operating				Operating		Operating		Operating				Operating		Operating
		#XXXXXX-8229 PNC USD account		#XXXXXX5967 WF USD account		#XXXXXX5681 WF USD account		#XXXXXX5731 WF USD account		#XXXXXXXX8959 RBC USD account		#XXXXXX5715 WF USD account		#XXXXXX5707 WF USD account		#XXXXXX6065 WF USD account				#XXXXXX-9969 PNC USD account
BALANCE PER BOOKS	Foreign Currency	—		—		—		—		—		—		—		—				—
	USD or USD equivalent	4,867.03		—		5,000.00		5,000.00		108,775.38		8,526,672.96		5,960.00		$	16,389,330.93			16,185.42

BANK BALANCE		30-Sep-15	4,867.03	30-Sep-15	—	30-Sep-15	5,000.00	30-Sep-15	5,000.00	30-Sep-15	108,775.38	30-Sep-15	8,526,672.96	30-Sep-15	5,960.00	30-Sep-15		16,462,334.13		30-Sep-15
(+) DEPOSITS IN TRANSIT (ATTACH LIST)			—		—		—		—						—
(-) OUTSTANDING CHECKS (ATTACH LIST)			—		—		—		—		—				—			(73,003.2	)
OTHER (ATTACH EXPLANATION)			—		—		—		—						—
ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*			4,867.03		—						108,775.38		8,526,672.96		5,960.00			16,389,330.93
ADJUSTED BANK BALANCE IN USD *			4,867.03		—		5,000.00		5,000.00		108,775.38		8,526,672.96		5,960.00			16,389,330.93
* Adjusted bank balance must equal
balance per books

DEPOSITS IN TRANSIT		Date	Amount	Date	Amount	Date	Amount	Date	Amount	Date	Amount	Date	Amount	Date	Amount	Date		Amount		Date	Amount


CHECKS OUTSTANDING		Ck. #	Amount	Ck. #	Amount	Ck. #	Amount	Ck. #	Amount	Ck. #	Amount	Ck. #	Amount	Ck. #	Amount	Ck. #		Amount		Ck. #	Amount
																5058		383.34
																5066		81.99
																5080		3,792.88
																5081		28,068.94



															5084	34.99
															5087	1,910.00
															5088	613.15
															5089	3,121.00
															5090	25,597.73
															5091	875.41
															5092	1,039.98
															5093	2,637.46
															5094	4,596.33
															5095	250.00

OTHER	Explanation	Amount	Explanation	Amount	Explanation	Amount	Explanation	Amount	Explanation	Amount	Explanation	Amount	Explanation	Amount	Explanation	Amount	Explanation	Amount



BANK RECONCILIATIONS
Continuation Sheet for MOR-1a																					4 of 5
Debtor		Molycorp Luxembourg Holdings S.a.r.l		Molycorp Metals & Alloys, Inc.				Molycorp Minerals Canada ULC (Toronto)							Molycorp Minerals Canada ULC (Peterborough)
Case No.		15-11368		15-11369				15-11370							15-11370
		Operating		Operating				Operating							Operating					Other
		#XXXXXXXXXXXXXXXXXXXX 3010 ING USD account		#XXXXXX6077 WF USD account		#XXXXXX5961 WF USD account		#XXXXXXXX7180 RBC CAD account			#XXXXXXXX4505 RBC USD account		#XXXXXX5723 WF USD account		#XXX-610-5 RBC CAD account			#XXX-143-4 RBC USD account		#XXXXXXXX-610-5 RBC GIC USD account
BALANCE PER BOOKS	Foreign Currency	—		—		—		CAD 649,774.28			—		—		CAD 376,633.81			—		CAD 1,009,741.10
	USD or USD equivalent	10,081.82		679,129.89		—		488,075.01			1,004,112.27		236,444.57		282,906.6			1,096,233.82		758,461.98

BANK BALANCE		30-Sep-15	10,081.82	30-Sep-15	756,342.52	30-Sep-15	—	30-Sep-15	683,827.37		30-Sep-15	1,004,112.27	30-Sep-15	236,444.57	30-Sep-15	404,202.87		30-Sep-15	1,096,233.82	30-Sep-15	1,009,741.10
(+) DEPOSITS IN TRANSIT (ATTACH LIST)			—		—		—
(-) OUTSTANDING CHECKS (ATTACH LIST)			—		77,212.63		—		(34,053.09	)						(27,569.06	)		—		—
OTHER (ATTACH EXPLANATION)			—		—		—
ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*							—		649,774.28			1,004,112.27		236,444.57		376,633.81			1,096,233.82		1,009,741.10
ADJUSTED BANK BALANCE IN USD *			10,081.82		679,129.89		—		488,075.01			1,004,112.27		236,444.57		282,906.6			1,096,233.82		758,461.98
* Adjusted bank balance must equal
balance per books

DEPOSITS IN TRANSIT		Date	Amount	Date	Amount	Date	Amount	Date	Amount		Date	Amount	Date	Amount	Date	Amount		Date	Amount	Date	Amount


CHECKS OUTSTANDING		Ck. #	Amount	Ck. #	Amount	Ck. #	Amount	Ck. #	Amount		Ch. #	Amount	Ch. #	Amount	Ck. #	Amount		Ck. #	Amount	Ck. #	Amount
				2093	2,779.00			17388	308.51						17827	247.68
				2108	11,037.76			17400	17,703.92						17954	3,672.50
				2109	32.60			17401	526.50						17962	732.86
				2110	648.15			17402	188.40						17971	593.80
				2111	3,323.81			17403	1,179.41						17972	1,442.78
				2112	92.83			17404	142.57						17973	635.63
				2113	98.54			17405	100.35						17974	514.47
				2114	147.87			17406	737.75						17975	363.98
				2115	434.65			17407	1,796.11						17976	8,335.85
				2116	542.79			17408	7,704.34						17977	11,029.51



			2117	1,142.40			17409	1,349.94
			2119	34,393.73			17410	1,864.50
			2120	1,435.99			17411	15.94
			2121	716.80			17412	209.05
			2122	381.75			17413	225.80
			2123	99.74
			2124	387.70
			2125	1,413.11
			2126	16,580.69
			2127	715.00
			2129	807.72



OTHER	Explanation	Amount	Explanation	Amount	Explanation	Amount	Explanation	Amount	Explanation	Amount	Explanation	Amount	Explanation	Amount	Explanation	Amount



BANK RECONCILIATIONS
Continuation Sheet for MOR-1a																												5 of 5
Debtor		Molycorp Minerals, LLC							Molycorp Rare Metals Holdings, Inc.		Molycorp Rare Metals (Utah), Inc.			Neo International Corp.
Case No.		15-11371							15-11372		15-11373			15-11374
		Operating							Operating		Operating			Operating
		#XXXXXX8908 WF USD account			#XXXXXXXX5461 Swedbank EURO account		#XXXXXXXX5461 Swedbank USD account		#XXXXXX5959 WF USD account		#XXXXXX5942 WF USD account			#XXXXXXXXX1239 RBC BDD account				#XXXXXXXX4715 RBC USD account				#XXXXXX0210 WF USD account				#XXXXXXXX3797 BoC RMB account
BALANCE PER BOOKS	Foreign Currency	—			EU 146,502.22		—		—		—			BBD 14,799.68				—				—				RMB 140,208.36
	USD or USD equivalent	153,308.62			163,744.52		4,000.00		386,575.37		3,411,257.05			$	7,399.85			$	49,267.85			$	5,000.00			$	22,059.21

BANK BALANCE		30-Sep-15	—		30-Sep-15	146,502.22	30-Sep-15	4,000.00	30-Sep-15	386,575.37	30-Sep-15	3,463,748.47		30-Sep-15		BBD14,799.68		30-Sep-15		$	49,267.85	30-Sep-15		$	5,000.00	30-Sep-15		140,208.36
(+) DEPOSITS IN TRANSIT (ATTACH LIST)			1,864,788.67													—												¥ -
(-) OUTSTANDING CHECKS (ATTACH LIST)			(1,708,955.36	)						—		(52,491.42	)			—
OTHER (ATTACH EXPLANATION)			(2,524.69	)												—
ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*						146,502.22				386,575.37		3,411,257.05				BBD 14,799.68				$	49,267.85			$	5,000.00			140,208.36
ADJUSTED BANK BALANCE IN USD *			153,308.62			163,744.52		4,000.00		386,575.37		3,411,257.05				$	7,399.85			$	49,267.85			$	5,000.00			$	22,059.21
* Adjusted bank balance must equal
balance per books

DEPOSITS IN TRANSIT		Date	Amount		Date	Amount	Date	Amount	Date	Amount	Date	Amount		Date		Amount		Date		Amount		Date		Amount		Date		Amount


CHECKS OUTSTANDING		Ck. #	Amount		Ck. #	Amount	Ck. #	Amount	Ck. #	Amount	Ck. #	Amount		Ck. #		Amount		Ck. #		Amount		Ck. #		Amount		Ck. #		Amount
											31106	245.52
											31178	72.00
											31179	1,834.33
											31202	15,469.32
											31203	57.08
											31204	64.24
											31205	250.97
											31206	94.30
											31208	33.40



									31209	885.10
									31210	12,061.70
									31212	34.13
									31214	471.98
									31216	655.12
									31218	124.14
									31219	4,098.56
									31220	13,959.20
									31221	497.97
									31222	1,421.70
									31223	160.66

OTHER	Explanation	Amount	Explanation	Amount	Explanation	Amount	Explanation	Amount	Explanation	Amount	Explanation	Amount	Explanation	Amount	Explanation	Amount	Explanation	Amount

Note to MOR-1a, Bank Statements

Due to the level of detailed records, all bank statements that were filed with the Court are not included in this MOR. Such information can be viewed on the Court's docket at www.deb.uscourts.gov or at https://cases.primeclerk.com/molycorp/.



UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-1b	Reporting Period: September 2015

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

This schedule is to include all retained professional payments from case inception to current month

Payee

Period Covered

Amount

Approved

Payor

Check

Amount Paid

Year-To-Date

Number

Date

Fees

Expenses

Fees

Expenses

AlixPartners

June 25-July 31

477,065.56

Molycorp Minerals LLC

WT00001614 $250,000; WT000001999 $250,000; WT00002076 $500,000;

9/2/2015

439,278.40

37,787.16

439,278.40

37,787.16

Miller Buckfire

June 25-July 31

141,976.50

Molycorp Inc.

WT000002340

9/3/2015

140,000.00

1,976.50

Miller Buckfire*

June 25-July 31

1,083,333.34

Molycorp Inc.

WT000002383

9/17/2015

1,083,333.34

1,223,333.34

1,976.50

Prime Clerk (156c services)

June 25 - 30th

163,722.84

Molycorp Minerals LLC

WT000002248

7/24/2015

11,334.00

152,338.84

Prime Clerk (156c services)

July 1 - 31th

222,699.93

Molycorp Inc.

WT000002339

9/3/2015

46,009.00

176,690.93

57,343.00

329,029.77

Young Conway Stargatt & Taylor LLP

June 25-July 31

294,881.54

Molycorp Inc.

WT000002403

9/28/2015

276,154.00

18,727.54

276,154.00

18,727.54

* Miller Buckfire will apply the Debtors' unintentional overpayment of $175,901.68 to the next fees and expenses for which either a certificate of no objection has been filed or interim

or final approval has been obtained.



UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-2	Reporting Period: September 2015

Note to MOR-2, Statement of Operations

All costs directly associated with the Chapter 11 Cases are reported as reorganization items. These costs include legal and other professional advisory fees and all adjustments made to the carrying amount of certain assets and adjustments made to pre-petition liabilities reflecting claims allowed by the Court.



COMBINED DEBTORS' STATEMENT OF OPERATIONS																						1 of 5

Case No.	15-11357						15-11358			15-11359					15-11360					15-11361
Debtor	Molycorp Inc.						Industrial Minerals LLC			Magnequench Inc.					Magnequench International Inc.					Magnequench Limited
	Current Month				Cumulative Filing to Date		Current Month		Cumulative Filing to Date	Current Month			Cumulative Filing to Date		Current Month			Cumulative Filing to Date		Current Month		Cumulative Filing to Date
Revenues
External Sales - net	$	—			—		$	—	—	$	—		—		2,261,626			8,906,110		—		—
Sales to related parties	—				—		—		—	—			—		5,951,122			17,066,410		—		—
Total Revenue	—				—		—		—	—			—		8,212,748			25,972,520		—		—

Costs of sales
Costs excluding depreciation and amortization	—				—		—		—	—			—		4,082,364		b	23,209,051		—		—
Depreciation and amortization	—				—		—		—	—			—		8,318			24,955		—		—
Gross profit (loss)	—				—		—		—	—			—		4,122,066			2,738,514		—		—

Expenses
General & Administrative	100,417				232,216		—		—	—			—		295,954			842,067		48		220
Sales & Marketing	—				—		—		—	—			—		123,946			303,875		—		—
Insiders Compensation	—				—		—		—	—			—		35,835			114,544		—		—
Depreciation and amortization	—				—		—		—	—			—		160,468			492,910		—		—
- Accretion expense	—				—		—		—	—			—		—			—		—		—
Research and development	—				—		—		—	—			—		—			—		—		—
Revision in estimated ARO cash flows	—				—		—		—	—			—		—			—		—		—
Goodwill impairment & long lived assets	—				—		—		—	—			—		—			—		—		—
Total expenses	100,417				232,216		—		—	—			—		616,203			1,753,396		48		220
Operating income (loss)	(100,417		)		(232,216	)	—		—	—			—		3,505,863			985,118		(48	)	(220	)

Other Income (expense) (attached schedule)	(1		)		(1	)	—		—	—			—		(2,762	)		(1,683	)	—		—
Interest income (expense), net	(4,120,326		)	a	429,285		—		—	(1,229,006		)	(2,081,135	)	370,200			1,208,951		—		—
Reorganization items, net (attached schedule)	(9,837,377		)		(110,331,509	)	—		—	5,015,307			(30,061,049	)	—			—		—		—
Foreign exchange gain (loss)	(4,360,068		)		(23,935,651	)	—		—	—			—		550			755		—		—
Income/(loss) before taxes and non-controlling interest	(18,418,189		)		(134,070,092	)	—		—	3,786,301			(32,142,184	)	3,873,851			2,193,141		(48	)	(220	)
Income taxes expense (benefit)	28,750				66,459		—		—	—			—		3,571			11,280		242,262		500,456
Income/(loss) from continuing operations before equity income of affiliate	(18,446,939		)		(134,136,551	)	—		—	3,786,301			(32,142,184	)	3,870,280			2,181,861		(242,310	)	(500,676	)




Equity in loss (income) of affiliates	—			—		—		—	64,289		313,151		—	—	—		—

Income/(loss) from continuing operations	(18,446,939		)	(134,136,551	)	—		—	3,722,012		(32,455,335	)	3,870,280	2,181,861	(242,310	)	(500,676	)

Earnings/(loss) for the period	$	(18,446,939	)	(134,136,551	)	$	—	—	$	3,722,012	(32,455,335	)	3,870,280	2,181,861	(242,310	)	(500,676	)

	Note a - interest expenses recorded in September include the following related the DIP financings for the period July 24th to September 30th: (i) $1,875,302 PIK interest, (ii) $1,950,022 accretion of OID, and (iii) $1,008,418 amortization of deferred financing costs. Note b - A year-to-date transfer pricing adjustment of $4,175,059 between Magnequench International Inc. and MCP Canada Limited Partnership was recorded in September. The transfer pricing adjustment is reflected in MCP Canada Limited Partnership as a reduction in revenue, and in Magnequench International Inc. as a reduction in cost of goods sold.



COMBINED DEBTORS' STATEMENT OF OPERATIONS																				2 of 5
Continuation Sheet for MOR-2
Case No.	15-11362				15-11363			15-11364			15-11365						15-11366
Debtor	Molycorp Advanced Water Technologies LLC				MCP Callco ULC			MCP Canada Holdings ULC			MCP Canada Limited Partnership						MCP Exchangeco Inc.
	Current Month		Cumulative Filing to Date		Current Month		Cumulative Filing to Date	Current Month		Cumulative Filing to Date	Current Month				Cumulative Filing to Date		Current Month			Cumulative Filing to Date
Revenues
External Sales - net	$	—	—		$	—	—	$	—	—	—				—		$	—		—
Sales to related parties	—		—		—		—	—		—	2,193,850			b	15,152,867		—			—
Total Revenue	—		—		—		—	—		—	2,193,850				15,152,867		—			—

Costs of sales
Costs excluding depreciation and amortization	—		—		—		—	—		—	4,936,577				16,450,953		—			—
Depreciation and amortization	—		—		—		—	—		—	—				—		—			—
Gross profit (loss)	—		—		—		—	—		—	(2,742,727		)		(1,298,086	)	—			—

Expenses
General & Administrative	—		43		—		—	—		—	133,859				443,967		—			2,067
Sales & Marketing	—		—		—		—	—		—	—				—		—			—
Insiders Compensation	—		—		—		—	—		—	—				—		—			—
Depreciation and amortization	—		—		—		—	—		—	—				—		—			—
- Accretion expense	—		—		—		—	—		—	—				—		—			—
Research and development	—		—		—		—	—		—	—				—		—			—
Revision in estimated ARO cash flows	—		—		—		—	—		—	—				—		—			—
Goodwill impairment & long lived assets	—		—		—		—	—		—	—				—		—			—
Total expenses	—		43		—		—	—		—	133,859				443,967		—			2,067
Operating income (loss)	—		(43	)	—		—	—		—	(2,876,586		)		(1,742,053	)	—			(2,067	)

Other Income (expense) (attached schedule)	—		—		—		—	—		—	—				—		—			—
Interest income (expense), net	—		—		—		—	—		—	—				—		(2,362,764		)	(7,751,154	)
Reorganization items, net (attached schedule)	—		—		—		—	—		—	—				—		—			—
Foreign exchange gain (loss)	—		—		—		—	—		—	—				—		3,785,152			21,297,882
Income/(loss) before taxes and non-controlling interest	—		(43	)	—		—	—		—	(2,876,586		)		(1,742,053	)	1,422,388			13,544,661
Income taxes expense (benefit)	—		—		—		—	—		—	—				—		—			—
Income/(loss) from continuing operations before equity income of affiliate	—		(43	)	—		—	—		—	(2,876,586		)		(1,742,053	)	1,422,388			13,544,661

Equity in loss (income) of affiliates	—		—		—		—	—		—	—				—		—			—

Income/(loss) from continuing operations	—		(43	)	—		—	—		—	(2,876,586		)		(1,742,053	)	1,422,388			13,544,661

Earnings/(loss) for the period	$	—	(43	)	$	—	—	$	—	—	$	(2,876,586	)		(1,742,053	)	$	1,422,388		13,544,661

	Note b - A year-to-date transfer pricing adjustment of $4,175,059 between Magnequench International Inc. and MCP Canada Limited Partnership was recorded in September. The transfer pricing adjustment is reflected in MCP Canada Limited Partnership as a reduction in revenue, and in Magnequench International Inc. as a reduction in cost of goods sold.



COMBINED DEBTORS' STATEMENT OF OPERATIONS																						3 of 5
Continuation Sheet for MOR-2
Case No.	15-11367			15-11368					15-11369					15-11370					15-11371
Debtor	Molycorp Chemicals & Oxides Inc.			Molycorp Luxembourg Holdings S.a.r.l					Molycorp Metals & Alloys Inc.					Molycorp Minerals Canada ULC					Molycorp Minerals LLC
	Current Month		Cumulative Filing to Date	Current Month			Cumulative Filing to Date		Current Month			Cumulative Filing to Date		Current Month			Cumulative Filing to Date		Current Month			Cumulative Filing to Date
Revenues
External Sales - net	$	3,143,102	9,420,287	$	—		—		$	396,703		1,172,655		$	—		56		$	412,679		1,481,323
Sales to related parties	4,868,700		14,888,116	—			—		—			123,853		195,852			879,880		134,086			7,239,790
Total Revenue	8,011,802		24,308,403	—			—		396,703			1,296,508		195,852			879,936		546,765			8,721,113

Costs of sales
Costs excluding depreciation and amortization	6,911,480		22,873,637	—			—		608,626			1,541,080		505,268			1,101,961		8,116,634			34,105,194
Depreciation and amortization	—		—	—			—		28,099			88,596		24,115			78,948		7,242,949			23,121,314
Gross profit (loss)	1,100,322		1,434,766	—			—		(240,022		)	(333,168	)	(333,531		)	(300,973	)	(14,812,818		)	(48,505,395	)

Expenses
General & Administrative	28,647		94,342	112			112		9,452			36,231		613,820			1,926,188		2,180,029			6,451,984
Sales & Marketing	25,859		80,555	—			—		—			—		41,344			115,389		29,141			46,838
Insiders Compensation	29,086		91,526	—			—		—			—		140,853			364,639		202,565			448,900
Depreciation and amortization	—		—	—			—		—			—		15,385			58,747		363,158			(2,942,491	)
- Accretion expense	—		—	—			—		—			—		—			—		115,221			364,509
Research and development	128,567		473,514	—			—		—			—		56,133			188,992		42,543			118,482
Revision in estimated ARO cash flows	—		—	—			—		—			—		—			—		—			(4,041,690	)
Goodwill impairment & long lived assets	—		—	—			—		—			—		—			—		—			—
Total expenses	212,159		739,937	112			112		9,452			36,231		867,535			2,653,955		2,932,657			446,532
Operating income (loss)	888,163		694,829	(112		)	(112	)	(249,474		)	(369,399	)	(1,201,066		)	(2,954,928	)	(17,745,475		)	(48,951,927	)

Other Income (expense) (attached schedule)	—		—	—			—		54			162		45,279			114,807		1,833			3,233
Interest income (expense), net	926		2,459	—			—		—			—		(283,832		)	(1,009,393	)	(3,431,024		)	(6,741,513	)
Reorganization items, net (attached schedule)	—		—	—			—		—			—		—			—		15,631,255			(73,982,874	)
Foreign exchange gain (loss)	37,766		90,015	—			—		—			—		597,161			3,156,266		(497		)	(29,293	)
Income/(loss) before taxes and non-controlling interest	926,855		787,303	(112		)	(112	)	(249,420		)	(369,237	)	(842,458		)	(693,248	)	(5,543,908		)	(129,702,374	)
Income taxes expense (benefit)	21,192		21,192	—			—		—			—		33,389			67,161		—			—
Income/(loss) from continuing operations before equity income of affiliate	905,663		766,111	(112		)	(112	)	(249,420		)	(369,237	)	(875,847		)	(760,409	)	(5,543,908		)	(129,702,374	)

Equity in loss (income) of affiliates	—		—	—			—		—			—		—			—		—			—

Income/(loss) from continuing operations	905,663		766,111	(112		)	(112	)	(249,420		)	(369,237	)	(875,847		)	(760,409	)	(5,543,908		)	(129,702,374	)

Earnings/(loss) for the period	$	905,663	766,111	$	(112	)	(112	)	$	(249,420	)	(369,237	)	$	(875,847	)	(760,409	)	$	(5,543,908	)	(129,702,374	)



COMBINED DEBTORS' STATEMENT OF OPERATIONS																					4 of 5
Continuation Sheet for MOR-2
Case No.	15-11372					15-11373					15-11374					15-11375			15-11376
Debtor	Molycorp Rare Metals Holdings Inc.					Molycorp Rare Metals (Utah) Inc.					Neo International Corp.					PP IV Mountain Pass Inc. (Inactive)			PP IV Mountain Pass II, Inc. (Inactive)
	Current Month			Cumulative Filing to Date		Current Month			Cumulative Filing to Date		Current Month			Cumulative Filing to Date		Current Month		Cumulative Filing to Date	Current Month		Cumulative Filing to Date
Revenues
External Sales - net	$	—		—		$	371,502		1,768,688		$	—		—		$	—	—	$	—	—
Sales to related parties	—			—		231,476			698,408		—			—		—		—	—		—
Total Revenue	—			—		602,978			2,467,096		—			—		—		—	—		—

Costs of sales
Costs excluding depreciation and amortization	—			—		1,603,749			3,101,116		—			—		—		—	—		—
Depreciation and amortization	—			—		15,848			52,846		—			—		—		—	—		—
Gross profit (loss)	—			—		(1,016,619		)	(686,866	)	—			—		—		—	—		—

Expenses
General & Administrative	5,518			5,518		28,929			95,809		59,191			218,701		—		—	—		—
Sales & Marketing	—			—		7,500			21,044		1,330			1,615		—		—	—		—
Insiders Compensation	—			—		—			—		—			—		—		—	—		—
Depreciation and amortization	—			—		1,495			5,000		3,551			10,653		—		—	—		—
- Accretion expense	—			—		—			—		—			—		—		—	—		—
Research and development	—			—		—			—		—			—		—		—	—		—
Revision in estimated ARO cash flows	—			—		—			—		—			—		—		—	—		—
Goodwill impairment & long lived assets	—			—		6,917			6,917		—			—		—		—	—		—
Total expenses	5,518			5,518		44,841			128,770		64,072			230,969		—		—	—		—
Operating income (loss)	(5,518		)	(5,518	)	(1,061,460		)	(815,636	)	(64,072		)	(230,969	)	—		—	—		—

Other Income (expense) (attached schedule)	—			320,000		—			—		—			—		—		—	—		—
Interest income (expense), net	25			59		227			844		26			29		—		—	—		—
Reorganization items, net (attached schedule)	—			—		—			—		—			—		—		—	—		—
Foreign exchange gain (loss)	—			—		519			3,536		(22,536		)	(583,763	)	—		—	—		—
Income/(loss) before taxes and non-controlling interest	(5,493		)	314,541		(1,060,714		)	(811,256	)	(86,582		)	(814,703	)	—		—	—		—
Income taxes expense (benefit)	—			—		—			—		54,388			187,002		—		—	—		—
Income/(loss) from continuing operations before equity income of affiliate	(5,493		)	314,541		(1,060,714		)	(811,256	)	(140,970		)	(1,001,705	)	—		—	—		—

Equity in loss (income) of affiliates	—			—		—			—		—			—		—		—	—		—

Income/(loss) from continuing operations	(5,493		)	314,541		(1,060,714		)	(811,256	)	(140,970		)	(1,001,705	)	—		—	—		—

Earnings/(loss) for the period	$	(5,493	)	314,541		$	(1,060,714	)	(811,256	)	$	(140,970	)	(1,001,705	)	$	—	—	$	—	—



COMBINED DEBTORS' STATEMENT OF OPERATIONS												5 of 5
Continuation Sheet for MOR-2
Case No.	15-11377			Elimination					Total
Debtor	RCF IV Speedwagon Inc. (Inactive)
	Current Month		Cumulative Filing to Date	Current Month			Cumulative Filing to Date		Current Month			Cumulative Filing to Date
Revenues
External Sales - net	$	—	—	$	—		—		$	6,585,612		22,749,119
Sales to related parties	—		—	(8,320,361		)	(23,147,377	)	5,254,725			32,901,947
Total Revenue	—		—	(8,320,361		)	(23,147,377	)	11,840,337			55,651,066

Costs of sales
Costs excluding depreciation and amortization	—		—	(8,674,010		)	(23,573,761	)	18,090,688			78,809,231
Depreciation and amortization	—		—	—			—		7,319,329			23,366,659
Gross profit (loss)	—		—	353,649			426,384		(13,569,680		)	(46,524,824	)

Expenses
General & Administrative	—		—	—			—		3,455,976			10,349,465
Sales & Marketing	—		—	—			—		229,120			569,316
Insiders Compensation	—		—	—			—		408,339			1,019,609
Depreciation and amortization	—		—	—			—		544,057			(2,375,181	)
- Accretion expense	—		—	—			—		115,221			364,509
Research and development	—		—	—			—		227,243			780,988
Revision in estimated ARO cash flows	—		—	—			—		—			(4,041,690	)
Goodwill impairment & long lived assets	—		—	—			—		6,917			6,917
Total expenses	—		—	—			—		4,986,873			6,673,933
Operating income (loss)	—		—	353,649			426,384		(18,556,553		)	(53,198,757	)

Other Income (expense) (attached schedule)	—		—	—			—		44,403			436,518
Interest income (expense), net	—		—	—			—		(11,055,548		)	(15,941,568	)
Reorganization items, net (attached schedule)	—		—	—			—		10,809,185			(214,375,432	)
Foreign exchange gain (loss)	—		—	—			—		38,047			(253	)
Income/(loss) before taxes and non-controlling interest	—		—	353,649			426,384		(18,720,466		)	(283,079,492	)
Income taxes expense (benefit)	—		—	—			—		383,552			853,550
Income/(loss) from continuing operations before equity income of affiliate	—		—	353,649			426,384		(19,104,018		)	(283,933,042	)

Equity in loss (income) of affiliates	—		—	—			—		64,289			313,151

Income/(loss) from continuing operations	—		—	353,649			426,384		(19,168,307		)	(284,246,193	)

Earnings/(loss) for the period	$	—	—	$	353,649		426,384		$	(19,168,307	)	(284,246,193	)



Continuation Sheet for MOR-2

Debtor	Case No.	BREAKDOWN OF "OTHER" CATEGORY	Current Month		Cumulative Filing to Date

		Other Income/Expense
Molycorp Metals & Alloys, Inc.	15-11369	Rental/interest income	54		161

Molycorp Minerals Canada ULC	15-11370	Gain on fixed asset sale			810
		Refund - insurance			2,993
		Dividend Income			65,725
		Other Income	45,279		45,279
			45,279		114,807

Molycorp Minerals, LLC	15-11371	Miscellaneous rental income	1,833		3,183
		Gain on disposal			50
			1,833		3,233

Molycorp Rare Metals Holdings, Inc.	15-11372	Dividend income			320,000

Magnequench International, Inc.	15-11360	Other Income /(expense)	(2,762	)	(1,683	)

Molycorp Inc.	15-11357	Other Income /(expense)	(1	)	(1	)

		Total Combined	44,402		436,517

		Other Reorganization Expenses
Molycorp Inc.	15-11357	Legal and other professional fees	14,030,758		17,199,586
		Adjustments to the carrying amount of debt			78,440,941
		Write off of deferred financing cost			4,919,107
		Gain on fair value adjustment of Springing Maturity derivative			(8,008,001	)
		Early Payment Premium on Term loans	(4,193,382	)	17,779,875
		Total	9,837,376		110,331,509

Magnequench Inc.	15-11359	Write-off of discount and deferred financing cost on Term Loans			8,796,357



		Early Payment Premium on Term Loans	(5,015,307	)	21,264,693
		Total	(5,015,307	)	30,061,050

Molycorp Minerals, LLC	15-11371	Early payment premium on term loans	(16,209,607	)	49,754,504
		Adjustments to the carrying amount of debt			18,918,839
		Trustee fees	89,550		104,175
		Severance expense	3,529,452		3,529,452
		Capital equipment lease cancellation	(3,040,650	)	1,675,906
		Total	(15,631,255	)	73,982,875

		Total Combined	(10,809,187	)	214,375,434

Reorganization Items - Interest Earned on Accumulated Cash from Chapter 11:
Interest earned on cash accumulated during the chapter 11 case, which would not have been earned but for the bankruptcy proceeding, should be reported as a reorganization item.



UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-3	Reporting Period: September 2015

Notes to MOR-3, Balance Sheet

Unless otherwise indicated, the value of the assets contained in MOR-3 are book values as of September 30, 2015. Amounts ultimately realized from the disposition of the Debtors’ assets may materially vary from the stated book value. The carrying amounts of these assets are not based upon any estimate of such assets’ current market values. The Debtors reserve the right to amend or adjust the value of each asset in MOR-3.

All liabilities in MOR-3 are separated into obligations that were incurred prior to the filing of the Chapter 11 Cases (the "pre-petition liabilities") and those incurred after the filing of the Chapter 11 Cases (the "post-petition liabilities"). Pre-petition liabilities are further segregated into liabilities subject to compromise ("LSTC") and liabilities not subject to compromise. LSTC are pre-petition obligations that are not fully secured and that have at least a possibility of not being repaid at the full claim amount. However, fully secured liabilities may become impaired under a reorganization plan and may be classified as LSTC.

LSTC, including claims that become known after the filing of the Chapter 11 Cases, are reported on the basis of the expected amount of the total allowed claim, even though they may be settled for lesser amounts. Allowed claims are initially included in the debtors listing of liabilities filed with the Court or submitted by a creditor to the Court and not objected by the Debtors. Allowed claims remain subject to future adjustment that may result from actions of the Court, rejection of contracts and unexpired leases, negotiations, disputed claims, valuation of collateral securing claims, and other events.



COMBINED DEBTORS' BALANCE SHEET
As at September 30, 2015
Case No.	15-11357		15-11358		15-11359		15-11360		15-11361		15-11362		15-11363		15-11364		15-11365		15-11366		15-11367		15-11368		15-11369		15-11370		15-11371		15-11372
Debtor	Molycorp Inc.		Industrial Minerals LLC		Magnequench Inc.		Magnequench International Inc.		Magnequench Limited		Molycorp Advanced Water Technologies LLC		MCP Callco ULC		MCP Canada Holdings ULC		MCP Canada Limited Partnership		MCP Exchangeco Inc.		Molycorp Chemicals & Oxides Inc.		Molycorp Luxembourg Holdings S.a.r.l		Molycorp Metals & Alloys Inc.		Molycorp Minerals Canada ULC		Molycorp Minerals LLC		Molycorp Rare Metals Holdings Inc.

ASSETS
Current
Cash and cash equivalents	$	16,449,273	$	—	$	—	$	6,175,370	$	145,244	$	4,867	$	5,000	$	5,000	$	8,635,448	$	5,960	$	16,405,516	$	10,082	$	679,730	$	3,870,277	$	321,053	$	386,575
Restricted cash	82,299,601		—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Trade accounts receivable	—		—		—		2,746,061		—		—		—		—		—		—		3,599,310		—		1,048,120		1,704		208,624		—
Inventories	—		—		—		6,362,665		—		—		—		—		1,716,650		—		7,562,813		—		3,377,432		801,633		26,738,086		—
Income tax receivable	456,040		—		—		—		88,061		—		—		—		—		—		—		—		—		—		—		—
Defer tax assets	7,432,756		—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Other current assets (attached schedule)	3,595,610		—		—		—		8,851		—		—		—		3,882		—		20,420		—		37,332		217,788		9,364,137		—
Total current assets	110,233,280		—		—		15,284,096		242,156		4,867		5,000		5,000		10,355,980		5,960		27,588,059		10,082		5,142,614		4,891,402		36,631,900		386,575

Fixed Assets
- Real Property & Improvement	—		—		—		100,000		—		—		—		—		—		—		—		—		2,154,116		1,510,345		1,059,644,376		—



- Machinery & Equipment	—	—	—	1,528,573		—	—	—	—	—	—	—		—	2,803,444		3,927,003		606,014,048		—
- Furniture & Office Equipment	—	—	—	7,421,923		—	—	—	—	—	—	84,275		—	98,652		1,334,575		8,860,110		—
- Vehicle	—	—	—	—		—	—	—	—	—	—	—		—	—		—		2,437,401		—
- Minerals Resource	—	—	—	—		—	—	—	—	—	—	—		—	—		—		24,539,244		—
- Construction in Process	—	—	—	—		—	—	—	—	—	—	—		—	—		12,054		14,882,856		—
less: accumulated depreciation	—	—	—	(6,904,317	)	—	—	—	—	—	—	(84,275	)	—	(1,435,121	)	(3,868,861	)	(203,591,440	)	—
Property, plant and equipment	—	—	—	2,146,179		—	—	—	—	—	—	—		—	3,621,091		2,915,116		1,512,786,595		—
Deposits	2,207,347	—	—	—		—	—	—	—	—	—	—		—	—		—		29,041,449		—
Inventories	—	—	—	—		—	—	—	—	—	—	—		—	—		—		24,052,166		—
Patents and other intangible assets	—	—	—	29,249,305		—	—	—	—	—	—	—		—	—		368,533		327,540		—
Investment (attached schedule)	543,915,594	20,000	162,308,327	17,067,184		2,033,276	—	—	—	1,192,325,440	684,175,440	—		364,150,000	—		31,811,569		141,423,147		22,919,589
Other assets (attached schedule)	—	—	—	45,060		—	—	—	—	—	—	—		—	—		—		624,474		—
Loan to Insiders	—	—	—	—		—	—	—	—	—	—	—		—	—		—		—		—
Related Party Receivable	2,956,971,839	478	49,677,426	114,795,295		11,524,961	—	—	—	17,819,279	44,078,834	10,423,801		15,798	2,200,003		26,115,902		42,983,022		1,800,000
Total non current assets	3,503,094,780	20,478	211,985,753	163,303,023		13,558,237	—	—	—	1,210,144,719	728,254,274	10,423,801		364,165,798	5,821,094		61,211,120		1,751,238,393		24,719,589
Total assets	3,613,328,060	20,478	211,985,753	178,587,119		13,800,393	4,867	5,000	5,000	1,220,500,699	728,260,234	38,011,860		364,175,880	10,963,708		66,102,522		1,787,870,293		25,106,164

LIABILITIES AND SHAREHOLDERS' EQUITY

Current
Trade accounts payable	501,665	—	—	67,650		—	—	—	—	10,806	—	37,061		—	176,873		75,222		781,442		—
DIP Financing	133,825,324	—	—	—		—	—	—	—	—	—	—		—	—		—		—		—
Accrued expenses	14,574,503	—	—	1,776,026		—	—	—	—	18,750	—	839,520		—	293,958		710,978		13,379,238		—
Interest payable	—	—	—	—		—	—	—	—	—	—	—		—	—		—		—		—
Income taxes payable	—	—	—	239,953		—	—	—	—	—	—	—		—	—		472,041		—		—
Capital lease	—	—	—	—		—	—	—	—	—	—	—		—	—		—		—		—
Asset retirement obligation	—	—	—	—		—	—	—	—	—	—	—		—	—		—		3,459,517		—
Total current liabilities	148,901,492	—	—	2,083,629		—	—	—	—	29,556	—	876,581		—	470,831		1,258,241		17,620,197		—




Capital lease	—		—	—	—		—	—		—	—		—	—		—	—		—		—		—		—
Asset retirement obligation	—		—	—	—		—	—		—	—		—	—		—	—		—		—		10,896,047		—
Defer tax liabilities	13,204,756		—	—	380,910		1,277,548	—		—	—		—	—		—	—		—		1,213,011		—		—
Pension benefit liabilities	—		—	—	3,278,034		—	—		—	—		—	—		—	—		—		—		—		—
Other Long-term liabilities	—		—	—	—		—	—		—	—		—	—		—	—		—		—		1,424,195		—
Amount due to Insiders	—		—	—	—		—	—		—	—		—	—		—	—		—		—		—		—
Related party payable	271,473		—	—	1,787,193		—	—		5,000	5,000		10,676,344	8,818,392		9,082,610	—		7,746		1,633,803		51,012,391		5,518
Liabilities subject to compromise - Related party	71,041,354		20,378	3,339,173	21,373,080		219,062	5,000		—	7,750		12,403,514	343,151,648		17,383,339	364,287,300		216,331		58,296,404		2,262,323,872		—
Liabilities subject to compromise - Third party	1,510,740,299		—	84,772,221	74,602		—	—		—	—		6,516	—		18,820	—		32,599		1,861,924		229,019,800		—
Total non-current liabilities	1,595,257,882		20,378	88,111,394	26,893,819		1,496,610	5,000		5,000	12,750		23,086,374	351,970,040		26,484,769	364,287,300		256,676		63,005,142		2,554,676,305		5,518
Total liabilities	1,744,159,374		20,378	88,111,394	28,977,448		1,496,610	5,000		5,000	12,750		23,115,930	351,970,040		27,361,350	364,287,300		727,507		64,263,383		2,572,296,502		5,518

Non-controlling interest

Shareholder's equity:
Share capital	258,954		100	33,788	21,556		4,621,000	—		—	—		684,175,441	10,255,745		1,500	20,000		—		275,174,583		—		22,463,750
Contributed surplus	2,249,606,451		—	40,027,833	148,368,181		389,376	—		—	—		—	401,063,759		226,313	—		17,521,567		(4,095,431	)	132,576,089		—
Accumulated deficits	(380,696,719	)	—	83,812,738	2,176,743		7,293,407	(133	)	—	(7,750	)	513,209,328	(35,029,310	)	10,422,697	(131,420	)	(7,285,366	)	(269,240,013	)	(917,002,298	)	2,636,896
Accum Other Comprehensive Income	—		—	—	(956,809	)	—	—		—	—		—	—		—	—		—		—		—		—
Shareholders' equity	1,869,168,686		100	123,874,359	149,609,671		12,303,783	(133	)	—	(7,750	)	1,197,384,769	376,290,194		10,650,510	(111,420	)	10,236,201		1,839,139		(784,426,209	)	25,100,646
Total liabilities and shareholders' equity	3,613,328,060		20,478	211,985,753	178,587,119		13,800,393	4,867		5,000	5,000		1,220,500,699	728,260,234		38,011,860	364,175,880		10,963,708		66,102,522		1,787,870,293		25,106,164



COMBINED DEBTORS' BALANCE SHEET
Continuation Sheet for MOR-3
As at September 30, 2015
Case No.	15-11373		15-11374		15-11375		15-11376		15-11377		Elimination		Total
Debtor	Molycorp Rare Metals (Utah) Inc.		Neo International Corp.		PP IV Mountain Pass Inc. (Inactive)		PP IV Mountain Pass II, Inc. (Inactive)		RCF IV Speedwagon Inc. (Inactive)

ASSETS
Current
Cash and cash equivalents	$	3,412,594	$	89,373	$	—	$	—	$	—	$	—	$	56,601,362
Restricted cash	—		—		—		—		—		—		82,299,601
Trade accounts receivable	585,705		—		—		—		—		—		8,189,524
Inventories	3,950,296		—		—		—		—		426,384		50,935,959
Income tax receivable	—		—		—		—		—		—		544,101
Defer tax assets	—		—		—		—		—		—		7,432,756
Other current assets (attached schedule)	771,023		7,559		—		—		—		—		14,026,602
Total current assets	8,719,618		96,932		—		—		—		426,384		220,029,905

Fixed Assets
- Real Property & Improvement	1,021,865		—		—		—		—		—		1,064,430,702
- Machinery & Equipment	1,057,283		—		—		—		—		—		615,330,351
- Furniture & Office Equipment	45,006		—		—		—		—		—		17,844,541
- Vehicle	—		—		—		—		—		—		2,437,401
- Minerals Resource	—		—		—		—		—		—		24,539,244
- Construction in Process	3,429		—		—		—		—		—		14,898,339



less: accumulated depreciation	(1,335,403	)	—	—	—	—	—		(217,219,417	)
Property, plant and equipment	792,180		—	—	—	—	—		1,522,261,161
Deposits	—		—	—	—	—	—		31,248,796
Inventories	—		—	—	—	—	—		24,052,166
Patents and other intangible assets	—		498,444	—	—	—	—		30,443,822
Investment (attached schedule)	—		28,535,255	—	—	—	(2,977,166,065	)	213,518,756
Other assets (attached schedule)	—		—	—	—	—	—		669,534
Loan to Insiders	—		—	—	—	—	—		—
Related Party Receivable	470,100		46,855,811	—	—	—	(3,191,417,579	)	134,314,970
Total non current assets	1,262,280		75,889,510	—	—	—	(6,168,583,644	)	1,956,509,205
Total assets	9,981,898		75,986,442	—	—	—	(6,168,157,260	)	2,176,539,110

LIABILITIES AND SHAREHOLDERS' EQUITY

Current
Trade accounts payable	46,039		—	—	—	—	—		1,696,758
DIP Financing	—		—	—	—	—	—		133,825,324
Accrued expenses	237,063		142,266	—	—	—	—		31,972,302
Interest payable	—		—	—	—	—	—		—
Income taxes payable	—		—	—	—	—	—		711,994
Capital lease	—		—	—	—	—	—		—
Asset retirrement obligation	—		—	—	—	—	—		3,459,517
Total current liabilities	283,102		142,266	—	—	—	—		171,665,895

Capital lease	—		—	—	—	—	—		—
Asset retirement obligation	—		—	—	—	—	—		10,896,047
Defer tax liabilities	—		1,196,413	—	—	—	—		17,272,638
Pension benefit liabilities	—		—	—	—	—	—		3,278,034



Other Long-term liabilities	—		—	—	—	—	—		1,424,195
Amount due to Insiders	—		—	—	—	—	—		—
Related party payable	161,097		24,951	—	—	—	(62,173,196	)	21,318,322
Liabilities subject to compromise - Related party	38,381		149,196	—	—	—	(3,129,244,383	)	25,011,399
Liabilities subject to compromise - Third party	50,347		806,658	—	—	—	—		1,827,383,786
Total non-current liabilities	249,825		2,177,218	—	—	—	(3,191,417,579	)	1,906,584,421
Total liabilities	532,927		2,319,484	—	—	—	(3,191,417,579	)	2,078,250,316

Non-controlling interest

Shareholder's equity:
Share capital	14,550,000		19,163,220	—	—	—	(1,030,480,683	)	258,954
Contributed surplus	—		514,460	—	—	—	(736,592,148	)	2,249,606,450
Accumulated deficits	(5,101,029	)	53,989,278	—	—	—	(1,209,666,851	)	(2,150,619,802	)
Accum Other Comprehensive Income	—		—	—	—	—	—		(956,809	)
Shareholders' equity	9,448,971		73,666,958	—	—	—	(2,976,739,681	)	98,288,794
Total liabilities and shareholders' equity	9,981,898		75,986,442	—	—	—	(6,168,157,260	)	2,176,539,110



Continuation Sheet for MOR-3

				BOOK VALUE AS AT
Debtor	Case No.		ASSETS	September 30, 2015
		Other Current Assets
Molycorp Inc.	15-11357		Retainer fee paid to Jone's day	502,810
			Retainer fee paid to Alixpartner	229,967
			Retainer fee paid to Yong Conway	102,519
			Retainer fee paid to Prime Clerk	25,000
			Retainer fee paid to Paul Welss	300,000
			Retainer fee paid to Kramer Levin	350,000
			Retainer fee paid to Miller Buckfire	10,000
			Retainer fee paid to Mile 26	300,000
			Deferred Financing cost	1,775,314
			Total	3,595,610

Magnequench Limited	15-11361		Prepaids and deferred charges	1,508
			HST/VAT recoverable	7,344
			Total	8,851

MCP Canada Limited Partnership	15-11365		Prepaids expenses	3,882


Molycorp Chemicals & Oxides, Inc.	15-11367		Prepaids and deferred charges	13,471
			Misc receivables - Other	6,950
			Total	20,420

Molycorp Metals & Alloys, Inc.	15-11369		Prepayment for raw materials	—
			Refundable deposits to utility company	37,332
			Total	37,332



Molycorp Minerals Canada ULC (Toronto)	15-11370		GST/VAT recoverable	22,521
			Prepayment on rent and consulting	119,196
			Prepaid Insurance	14,147
			Prepaid Property Tax	6,498
			HST Recoverable	9,914
			Misc receivable	45,511
			Total	217,788

Molycorp Minerals, LLC	15-11371		Other account receivable	17,114
			Prepaid and deferred charges	6,423,117
			Prepaid insurance	2,923,906
			Total	9,364,137

Molycorp Rare Metals (Utah), Inc.	15-11373		Prepaid Others	110,356
			Prepaid - Pots Expense	9,515
			Prepaid - Heaters Expense	10,903
			Prepaid - Propane Expense	15,794
			Prepaid - Package Expense	23,942
			Prepaid Duty	574,043
			Prepaid - HRA Plan	1,789
			GST/VAT Recoverable(Consumption Tax)	3,033
			Misc receivable	21,648
			Total	771,023

Neo International Corp.	15-11374		Prepayment for professional fee	5,000
			GST/VAT recoverable	2,559
			Total	7,559

			Combined Debtor Total Other Current Assets	14,026,602
		Investments
Molycorp Inc.	15-11357		Molycorp Luxembourg Holdings S.a.r.l. (100%)	20,000
			MCP Exchangeco Inc. (100%)	411,319,505
			Molycorp Minerals LLC (31.96%)	132,576,089
			Total	543,915,594

Industrial Minerals, LLC	15-11358		Industrial Minerals S.a.r.l. (100%)	20,000

Magnequench Inc.	15-11359		Gan Zhou Ke Li Rare Earth New Material (25%)	5,228,369
			Magnequench Neo Powders Pte. Ltd. (100%)	116,421
			Magnequench International Inc. (100%)	136,035,957



		Magnequench UG (100%)	20,927,580
		Total	162,308,327

Magnequench International, Inc.	15-11360	Xin Bao Investment Limited (98.9%)	17,067,184

Magnequench Limited	15-11361	Magnequench International Trading (Tianjin) Co., Ltd. (100%)	800,000
		Magnequench (Korat) Co., Ltd. (100%)	1
		Zibo Jia Xin Magnetic Materials Ltd. (100%)	530,000
		GQD Special Material (Thailand) Co., Ltd. (20%)	703,275
		Total	2,033,276

MCP Canada Limited Partnership	15-11365	Molycorp Minerals Canada ULC	1,192,325,440

MCP Exchangeco Inc.	15-11366	MCP Canada Limited Partnership (99.99%)	684,175,440

Molycorp Luxembourg Holdings S.a.r.l.	15-11368	Molycorp Rare Metals Holdings Inc. (100%)	24,150,000
		Magnequench Inc. (100%)	325,000,000
		Molycorp Chemicals & Oxides Inc. (100%)	15,000,000
		Total	364,150,000

Molycorp Minerals Canada ULC (Toronto)	15-11370	Neo International Corp. (100%)	19,163,220
		Vive Crop Protection Inc. RSTD (investment)	805,305
		Molycorp Chemicals & Oxides (Europe) Ltd. (100%)	158
		Magnequench Limited (100%)	4,621,000
		Molycorp (Beijing) Co., Ltd. (100%)	200,000
		NMT Holdings GmbH (100%)	71,940
		Molycorp Korea Inc. ( 100%)	91,000
		Molycorp Rare Metals Korea Inc. (100%)	3,065,000
		Xin Bao Investment Limited (1.1%)	3,000,000
		Molycorp Japan Inc. (100%)	86,199
		Molycorp Rare Metals (Utah), Inc.	707,747
		Total	31,811,569

Molycorp Minerals, LLC	15-11371	Molycorp Metals & Alloys Inc. (100%)	17,521,567
		Molycorp Silmet AS (100%)	123,901,480
		Indistrial Minerals LLC (100%)	100
		Total	141,423,147

Molycorp Rare Metals Holdings, Inc.	15-11372	Molycorp Rare Metals (Oklahoma) LLC (80%)	6,500,000
		Molycorp Rare Metals (Utah) Inc. (100%)	14,550,000



			Shanxi Jia Hua Galaxy Electronic Materials Co., Ltd. (60%)	1,869,589
			Total	22,919,589

Neo International Corp.	15-11374		Jiangyin Jiahua Advanced Material Resources Co., Ltd. (95%)	23,279,669
			Zibo Jiahua Advanced Material Resources Co., Ltd. (95%)	5,042,586
			Neo Performance Materials (Singapore) Pte. Ltd. (100%)	213,000
			Total	28,535,255

			Combined Investments	3,190,684,822
		Other Assets
Magnequench International, Inc.	15-11360		Rental deposit	300
			Rental deposit for Osaka office	44,760
			Total	45,060

Molycorp Minerals, LLC	15-11371		Rabbi Trust investment - retirement fund	624,474

			Combined Debtor Total Other Assets	669,534



Restricted Cash is cash that is restricted for a specific use and not available to fund operations. Typically, restricted cash is segregated into a separate account, such as an escrow account.



UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-4	Reporting Period: September 2015



STATUS OF POSTPETITION TAXES

The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero.
Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes.
Attach photocopies of any tax returns filed during the reporting period.

Federal	Beginning Tax Liability	Amount Withheld or Accrued		Amount Paid	Date Paid	Check No. or EFT	Ending Tax Liability
Withholding	—	554,312		554,312	Various	EFT	—
FICA-Employee	—	223,339		223,339	Various	EFT	—
FICA-Employer	—	223,339		223,339	Various	EFT	—
Unemployment	23	1,345		533	Various	EFT	835
Income	—	—		—	—	—	—
Other: Fed Medical Ins	—	108,553		108,553	Various	EFT	—
Total Federal Taxes	23	1,110,887		1,110,076	—	—	835
State and Local
Withholding	—	230,891		230,891	Various	EFT	—
Sales & Use AZ location only	1,682,776.79	14,131.61		57,249.78	Various	EFT	1,639,659
Excise	—	—		—	—	—	—
Unemployment	382	4,509		4,420	Various	EFT	470
Real Property	1,570,921	(151,860	)	—	—	—	1,419,060
Personal Property	—	—		—	—	—	—
Other: Property taxes for land and machinery	50,000	4,304		34,394	Various	EFT	19,910
Total State and Local	3,304,079	101,975		326,955	—	—	3,079,099
Total Taxes	3,304,102	1,212,862		1,437,031	—	—	3,079,933


SUMMARY OF UNPAID POSTPETITION DEBTS

Number of Days Past Due
	Current	0-30		31-60	61-90	Over 90	Total
Accounts Payable	1,656,090.00	33,807		5,400	1,460	—	1,696,756
Wages Payable	679,228.36	—		—	—	—	679,228
Taxes Payable	20,182.00	—		—	—	—	20,182.00



Rent/Leases-Building	—	—	—	—	—	—
Rent/Leases-Equipment	—	—	—	—	—	—
Secured Debt/Adequate Protection Payments	—	—	—	—	—	—
Professional Fees	—	—	—	—	—	—
Amounts Due to Insiders*	—	—	—	—	—	—
Other: DIP Financing	133,825,324	—	—	—	—	133,825,324

Total Postpetition Debts	136,180,824	33,807	5,400	1,460	—	136,221,491

Explain how and when the Debtor intends to pay any past-due postpetition debts.
0-30	33,807	All paid in October
31-60	5,400	All paid in October
61-90	1,460	$1138 is still awaiting approval; $322 paid in October
Over 90	—
	40,666	Total Past Due Accounts Payable
*"Insider" is defined in 11 U.S.C. Section 101(31).



UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-4	Reporting Period: September 2015



SUMMARY OF UNPAID POST PETITION DEBTS - SUPPLEMENTAL SCHEDULE

ACCOUNTS PAYABLE

Number of Days Past Due
Debtor	Case No	Current	0-30	31-60	61-90	Over 90	Total
Molycorp Inc.	15-11357	500,527	—	—	1,138	—	501,665
Industrial Minerals, LLC	15-11358	—	—	—	—	—	—
Magnequench Inc.	15-11359	—	—	—	—	—	—
Magnequench International, Inc.	15-11360	67,650	—	—	—	—	67,650
Magnequench Limited	15-11361	—	—	—	—	—	—
MCP Advanced Water Technologies, LLC	15-11362	—	—	—	—	—	—
MCP Callco ULC	15-11363	—	—	—	—	—	—
MCP Canada Holdings ULC	15-11364	—	—	—	—	—	—
MCP Canada Limited Partnership	15-11365	343.45	4,740.42	5,399.71	322.16	—	10,806
MCP Exchangeco Inc.	15-11366	—	—	—	—	—	—
Molycorp Chemicals & Oxides, Inc.	15-11367	19,460	17,601.00	—	—	—	37,061
Molycorp Luxembourg Holdings S.a.r.l	15-11368	—	—	—	—	—	—
Molycorp Metals & Alloys, Inc.	15-11369	176,873	—	—	—	—	176,873
Molycorp Minerals Canada ULC (Toronto)	15-11370	15,738	11,465	—	—	—	27,203
Molycorp Minerals Canada ULC (Peterborough)	15-11370	48,019	—	—	—	—	48,019
Molycorp Minerals, LLC	15-11371	781,442	—	—	—	—	781,442
Molycorp Rare Metals Holdings, Inc.	15-11372	—	—	—	—	—	—
Molycorp Rare Metals (Utah), Inc.	15-11373	46,039	—	—	—	—	46,039
Neo International Corp.	15-11374	—	—	—	—	—	—
PP IV Mountain Pass Inc.	15-11375	—	—	—	—	—	—
PP IV Mountain Pass II inc.	15-11376	—	—	—	—	—	—
RCF IV Speedwagon Inc.	15-11377	—	—	—	—	—	—

Combined Total		1,656,090.00	33,807	5,400	1,460	—	1,696,756



UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-5	Reporting Period: September 2015



ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

	Case No.	Combined Debtors' Accounts Receivable		15-11357	15-11358		15-11359	15-11360		15-11361	15-11362	15-11363	15-11364	15-11365	15-11366
Accounts Receivable Reconciliation	Debtor	Combined Debtors' Accounts Receivable		Molycorp Inc.	Industrial Minerals LLC		Magnequench Inc.	Magnequench International Inc.		Magnequench Limited	Molycorp Advanced Water Technologies LLC	MCP Callco ULC	MCP Canada Holdings ULC	MCP Canada Limited Partnership	MCP Exchangeco Inc.
Total Accounts Receivable at the beginning of the reporting period		10,902,973		—	—		—	3,082,255		—	—	—	—	—	—
+ Amounts billed during the period		6,864,190		—	—		—	2,507,742		—	—	—	—	—	—
- Amounts collected during the period		(6,500,664	)	—	—		—	(2,839,784	)	—	—	—	—	—	—
+/- Revaluation of Foreign Currency Receivable		—		—	—		—	—		—	—	—	—	—	—
+/- AR adjustments		18,905		—	—		—			—	—	—	—	—	—
Total Accounts Receivable at the end of the reporting period		10,693,676		—	—		—	2,750,213		—	—	—	—	—

Accounts Receivable Aging
0 - 30 days old		7,955,255		—	—		—	2,725,239		—	—	—	—	—	—
31 - 60 days old		185,974		—	—		—	20,822		—	—	—	—	—	—
61 - 90 days old		—		—	—		—	—		—	—	—	—	—	—
91+ days old		2,552,446		—	—		—	4,152		—	—	—	—	—	—
Total Accounts Receivable		10,693,675		—	—		—	2,750,213		—	—	—	—	—	—
Amount considered uncollectible (Bad Debt)		(2,504,152	)	—	—		—	(4,152	)	—	—	—	—	—	—
Accounts Receivable (Net)		8,189,523		—	—		—	2,746,061		—	—	—	—	—	—

	Case No.	15-11367		15-11368	15-11369		15-11370	15-11371		15-11372	15-11373	15-11374	15-11375	15-11376	15-11377
Accounts Receivable Reconciliation	Debtor	Molycorp Chemicals & Oxides Inc.		Molycorp Luxembourg Holdings S.a.r.l	Molycorp Metals & Alloys Inc.		Molycorp Minerals Canada ULC	Molycorp Minerals LLC		Molycorp Rare Metals Holdings Inc.	Molycorp Rare Metals (Utah) Inc.	Neo International Corp.	PP IV Mountain Pass Inc. (Inactive)	PP IV Mountain Pass II, Inc. (Inactive)	RCF IV Speedwagon Inc. (Inactive)
Total Accounts Receivable at the beginning of the reporting period		3,469,992		—	1,066,987		1,704	2,737,279		—	544,756	—	—	—	—
+ Amounts billed during the period		3,208,927		—	398,029			412,679		—	336,813	—	—	—	—
- Amounts collected during the period		(3,098,513	)	—	(416,896	)	—	(441,334	)	—	295,864	—	—	—	—
+/- Revaluation of Foreign Currency Receivable		—		—	—		—	—		—	—	—	—	—	—



+/- AR adjustments	18,905	—		—			—		—	—	—	—
Total Accounts Receivable at the end of the reporting period	3,599,310	—	1,048,120	1,704	2,708,624		—	585,705	—	—	—	—

Accounts Receivable Aging
0 - 30 days old	3,472,933	—	1,048,120	1,704	121,554		—	585,705	—	—	—	—
31 - 60 days old	114,257	—		—	50,895		—	—	—	—	—	—
61 - 90 days old		—	—	—	—		—	—	—	—	—	—
91+ days old	12,120	—	—	—	2,536,174		—	—	—	—	—	—
Total Accounts Receivable	3,599,310	—	1,048,120	1,704	2,708,623		—	585,705	—	—	—	—
Amount considered uncollectible (Bad Debt)	—	—	—	—	(2,500,000	)	—	—	—	—	—	—
Accounts Receivable (Net)	3,599,310	—	1,048,120	1,704	208,623		—	585,705	—	—	—	—



UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-5	Reporting Period: September 2015



SUMMARY OF RECEIVABLES - SUPPLEMENTAL SCHEDULE

ACCOUNTS RECEIVABLE

Number of Days Past Due
Debtor	Case No	0-30	31-60	61-90	Over 90	Bad debt		Total
Molycorp Inc.	15-11357	—	—	—	—			—
Industrial Minerals, LLC	15-11358	—	—	—	—			—
Magnequench Inc.	15-11359	—	—	—	—	—		—
Magnequench International, Inc.	15-11360	2,725,238.51	20,822.05	—	4,152.00	(4,152	)	2,746,061
Magnequench Limited	15-11361	—	—	—	—			—
MCP Advanced Water Technologies, LLC	15-11362	—	—	—	—			—
MCP Callco ULC	15-11363	—	—	—	—			—
MCP Canada Holdings ULC	15-11364	—	—	—	—			—
MCP Canada Limited Partnership	15-11365	—	—	—	—	—		—
MCP Exchangeco Inc.	15-11366	—	—	—	—			—
Molycorp Chemicals & Oxides, Inc.	15-11367	3,472,933	114,257.00	—	12,120	—		3,599,310
Molycorp Luxembourg Holdings S.a.r.l	15-11368	—	—	—	—			—
Molycorp Metals & Alloys, Inc.	15-11369	1,048,120.00	—	—	—			1,048,120.00
Molycorp Minerals Canada ULC (Toronto)	15-11370	—	—	—	—			—
Molycorp Minerals Canada ULC (Peterborough)	15-11370	1,704	—	—	—			1,704
Molycorp Minerals, LLC	15-11371	121,555	50,895.00	—	2,536,174	(2,500,000	)	208,624
Molycorp Rare Metals Holdings, Inc.	15-11372	—	—	—	—	—		—
Molycorp Rare Metals (Utah), Inc.	15-11373	585,705	—	—	—	—		585,705
Neo International Corp.	15-11374	—	—	—	—			—
PP IV Mountain Pass Inc.	15-11375	—	—	—	—			—
PP IV Mountain Pass II inc.	15-11376	—	—	—	—			—
RCF IV Speedwagon Inc.	15-11377	—	—	—	—			—
Combined Total		7,955,256	185,974	—	2,552,446	(2,504,152	)	8,189,524



UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-5	Reporting Period: September 2015



DEBTOR QUESTIONNAIRE

Must be completed each month	Yes	No
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.		√
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.		√
3. Have all postpetition tax returns been timely filed? If no, provide an explanation below.	√
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.	√
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.		√

* The above questionnaire reflects the responses of each debtor entity.

Boards:

Quotes:

Boards

News

Market Data

Markets

Discover

Your Recent History