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): November 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 November 30, 2015, the Debtors filed their monthly operating report (the “Monthly Operating Report”) for the month of October 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 October 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: December 1, 2015

Exhibit Index



Exhibit Number			Description

99.1			Monthly Operating Report for the month of October 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: October 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
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	X
Copies of IRS Form 6123 or payment receipt
Copies of tax returns filed during reporting period
Summary of Unpaid Postpetition Debts	MOR-4	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	November 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: October 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	$	84		—		—		—		—		—		—	—	—		—	—		—	—	—
Rare Metals	—			—		—		478		—		—		—	—	—		—	—		—	—	—
Magnetic Materials & Alloys	—			2,424		397		—		—		—		—	—	—		—	—		—	—	—
Chemicals & Oxides	—			—		—		—		—		3,121		—	—	—		—	—		—	—	—
Other receipts	75			—		—		59		58		1		—	3	2		—	—		—	—	—
Total Operating Cash Receipts	159			2,424		397		538		58		3,122		—	3	2		—	—		—	—	—

Cash Disbursements
Payroll	(3,662		)	(248	)	(117	)	(79	)	(426	)	(95	)	—	—	(53	)	—	(17	)	—	—	—
Contract labor	—			(177	)	—		—		—		—		—	—	—		—	—		—	—	—
Raw material payments	—			(23	)	(85	)	(327	)	—		—		—	—	—		—	—		—	—	—
Reagents & chemicals	—			—		—		—		(25	)	—		—	—	—		—	—		—	—	—
Transportation & shipping	—			(6	)	—		(14	)	—		—		—	—	—		—	—		—	—	—
Other production costs	(957		)	(9	)	(82	)	(15	)	(50	)	—		—	—	—		—	—		—	—	—
Repairs & maintenance (non-CapEx)	—			—		—		—		(5	)	—		—	—	—		—	—		—	—	—
Professional fees	(346		)	(33	)	—		—		—		—		—	—	—		—	—		—	—	—
Rent and operating leases	(52		)	(6	)	—		—		—		—		—	—	—		—	—		—	—	—
Taxes	—			(49	)	—		—		—		—		—	—	—		—	—		—	—	—
Insurance	(813		)	(17	)	—		—		—		—		—	—	—		—	—		—	—	—
Utilities	—			—		(11	)	(6	)	(9	)	—		—	—	—		—	—		—	—	—
Other disbursements	(55		)	(19	)	—		—		(163	)	(124	)	—	—	(16	)	—	(12	)	—	—	—



Total Operating Cash Disbursements	(5,885		)	(588		)	(295		)	(441		)	(678		)	(218		)	—			—		(69		)	—		(29		)	—		—		—

Net Cash Flow - Operating	(5,725		)	1,836			102			97			(621		)	2,904			—			3		(67		)	—		(29		)	—		—		—

Intercompany
Net intercompany - operating	13,541			1,711			—			(107		)	112			(2,782		)	(9,478		)	—		6			—		(2,126		)	—		—		—
Net intercompany - debt & equity	—			—			—			—			(1		)	—			1			—		—			234		—			—		—		—
Net investment & JV funding	—			—			—			—			—			—			—			—		—			—		—			—		—		—
Net Intercompany	13,541			1,711			—			(107		)	112			(2,782		)	(9,477		)	—		6			234		(2,126		)	—		—		—

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

Cash Disbursements
Interest	—			—			—			—			—			—			(801		)	—		—			—		—			—		—		—
Capital expenditures	(234		)	—			—			—			—			—			—			—		—			—		—			—		—		—
Capital lease & other	(7,782		)	—			—			—			—			—			—			—		—			—		—			—		—		—
Reorganization professional fees	—			—			—			—			—			—			(3,788		)	—		—			—		—			—		—		—
Total Non-Operating Cash Disbursements	(8,016		)	—			—			—			—			—			(4,589		)	—		—			—		—			—		—		—

Net Cash Flow - Non-Operating	(8,016		)	—			—			—			—			—			(4,589		)	—		—			—		—			—		—		—

Total Net Increase (Decrease) in Cash	$	(200	)	$	3,547		$	102		$	(10	)	$	(509	)	$	121		$	(14,066	)	$	3	$	(62	)	$	234	$	(2,155	)	—		—		—

Beginning Cash Balance - Book	$	1,850		$	7,063		$	855		$	3,404		$	3,996		$	16,484		$	98,933		$	145	$	84		$	386	$	8,635		$	10	$	6	$	5
Total cash receipts	159			2,424			397			538			58			3,122			—			3		2			—		—			—		—		—
Total cash disbursements	(13,901		)	(588		)	(295		)	(441		)	(678		)	(218		)	(4,589		)	—		(69		)	—		(29		)	—		—		—
Net intercompany	13,541			1,711			—			(107		)	112			(2,782		)	(9,477		)	—		6			234		(2,126		)	—		—		—
Ending Cash Balance - Book - Debtors	$	1,650		$	10,610		$	957		$	3,394		$	3,487		$	16,606		$	84,867		$	148	$	22		$	621	$	6,481		$	10	$	6	$	5




DISBURSEMENTS SOLELY FOR PURPOSE OF CALCULATING U.S. TRUSTEE QUARTERLY FEES:
Total Cash Disbursements (Excluding Reorg Pro Fees)	(13,901	)	(5,662	)	(295	)	(641	)	(1,118	)	(5,907	)	(801	)	—	(69	)	(6	)	(6,268	)	—	—	—
Allocated - Reorganization Professional Fees	(1,519	)	(619	)	(32	)	(70	)	(122	)	(645	)	(88	)	—	(8	)	(1	)	(685	)	—	—	—
Total Disbursements for Calculating U.S. Trustee Quarterly Fees	(15,419	)	(6,281	)	(327	)	(711	)	(1,240	)	(6,552	)	(889	)	—	(77	)	(6	)	(6,953	)	—	—	—



UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-1	Reporting Period: October 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	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	84
Rare Metals	—		—		—		—		—		—		—		478
Magnetic Materials & Alloys	—		—		—		—		—		—		—		2,821
Chemicals & Oxides	—		—		—		—		—		—		—		3,121
Other receipts	—		—		—		—		—		—		—		198
Total Operating Cash Receipts	—		—		—		—		—		—		—		6,703

Cash Disbursements
Payroll	—		—		—		—		—		—		—		(4,698		)
Contract labor	—		—		—		—		—		—		—		(177		)
Raw material payments	—		—		—		—		—		—		—		(435		)
Reagents & chemicals	—		—		—		—		—		—		—		(25		)
Transportation & shipping	—		—		—		—		—		—		—		(20		)
Other production costs	—		—		—		—		—		—		—		(1,113		)
Repairs & maintenance (non-CapEx)	—		—		—		—		—		—		—		(5		)
Professional fees	—		—		—		—		—		—		—		(379		)
Rent and operating leases	—		—		—		—		—		—		—		(58		)
Taxes	—		—		—		—		—		—		—		(49		)
Insurance	—		—		—		—		—		—		—		(831		)
Utilities	—		—		—		—		—		—		—		(26		)
Other disbursements	—		—		—		—		—		—		—		(389		)
Total Operating Cash Disbursements	—		—		—		—		—		—		—		(8,204		)



Net Cash Flow - Operating	—		—		—		—		—		—		—		(1,500		)

Intercompany
Net intercompany - operating	—		—		—		—		—		—		—		877
Net intercompany - debt & equity	—		—		—		—		—		—		—		235
Net investment & JV funding	—		—		—		—		—		—		—		—
Net Intercompany	—		—		—		—		—		—		—		1,112

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

Cash Disbursements
Interest	—		—		—		—		—		—		—		(801		)
Capital expenditures	—		—		—		—		—		—		—		(234		)
Capital lease & other	—		—		—		—		—		—		—		(7,782		)
Reorganization professional fees	—		—		—		—		—		—		—		(3,788		)
Total Non-Operating Cash Disbursements	—		—		—		—		—		—		—		(12,605		)

Net Cash Flow - Non-Operating	—		—		—		—		—		—		—		(12,605		)

Total Net Increase (Decrease) in Cash	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	(12,993	)

Beginning Cash Balance - Book	$	—	$	—	$	5	$	—	$	—	$	—	$	5	$	141,867
Total cash receipts	—		—		—		—		—		—		—		6,703
Total cash disbursements	—		—		—		—		—		—		—		(20,808		)
Net intercompany	—		—		—		—		—		—		—		1,112
Ending Cash Balance - Book - Debtors	$	—	$	—	$	5	$	—	$	—	$	—	$	5	$	128,874


DISBURSEMENTS SOLELY FOR PURPOSE OF CALCULATING U.S. TRUSTEE QUARTERLY FEES:
Total Cash Disbursements (Excluding Reorg Pro Fees)	—		—		—		—		—		—		—		(34,667		)
Allocated - Reorganization Professional Fees	—		—		—		—		—		—		—		(3,788		)
Total Disbursements for Calculating U.S. Trustee Quarterly Fees	—		—		—		—		—		—		—		(38,455		)



UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-1a	Reporting Period: October 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 5,113.11

—

USD or USD equivalent

1,338,950.11

5,063.04

3,909.11

2,000,197.44

40,614.00

79,299,600.68

450,000.00

1,757,496.58

BANK BALANCE

31-Oct-15

1,338,950.11

31-Oct-15

5,063.04

31-Oct-15

5,113.11

31-Oct-15

2,000,197.44

31-Oct-15

40,614.00

31-Oct-15

79,299,600.68

31-Oct-15

450,000.00

31-Oct-15

1,757,496.58

(+) DEPOSITS IN TRANSIT (ATTACH LIST)

—

(-) OUTSTANDING CHECKS (ATTACH LIST)

—

OTHER (ATTACH EXPLANATION)

—

ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*

5,113.11

ADJUSTED BANK BALANCE IN USD *

1,338,950.11

5,063.04

3,909.11

2,000,197.44

40,614.00

79,299,600.68

450,000.00

1,757,496.58

* 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

BANK RECONCILIATIONS

Continuation Sheet for MOR-1a

2 of 5

Debtor

Magnequench International, Inc.

Magnequench Limited

Case No.

15-11360

15-11361

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 5,676,261

JPY 750,582

—

BBD 30,610.93

—

USD or USD equivalent

10,477,296.01

103,246.47

1,007.40

47,059.04

6,222.70

128,151.81

15,305.46

5,000.00

BANK BALANCE

31-Oct-15

10,505,867.09

31-Oct-15

103,246.47

31-Oct-15

1,007.40

31-Oct-15

5,676,261.00

31-Oct-15

750,582.00

31-Oct-15

128,151.81

31-Oct-15

30,610.93

31-Oct-15

5,000.00

(+) DEPOSITS IN TRANSIT (ATTACH LIST)

(-) OUTSTANDING CHECKS (ATTACH LIST)

(28,571.08

)

OTHER (ATTACH EXPLANATION)

ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*

—

5,676,261.00

750,582.00

—

30,610.93

—

ADJUSTED BANK BALANCE IN USD *

10,477,296.01

103,246.47

1,007.40

47,059.04

6,222.70

128,151.81

15,305.46

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

168147

2,027.27

168149

824.46

168150

1,012.58

168151

5,985.16

168153

528.60

168154

16,756.93

168155

160.08

168156

1,276.00

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		6,371,964.25		5,960.00		$	16,603,663.03			16,185.42

BANK BALANCE		31-Oct-15	4,867.03	31-Oct-15	—	31-Oct-15	5,000.00	31-Oct-15	5,000.00	31-Oct-15	108,775.38	31-Oct-15	6,371,964.25	31-Oct-15	5,960.00	31-Oct-15		16,659,886.65		31-Oct-15	16,185.42
(+) DEPOSITS IN TRANSIT (ATTACH LIST)			—		—		—		—						—
(-) OUTSTANDING CHECKS (ATTACH LIST)			—		—		—		—		—				—			(56,223.62	)		—
OTHER (ATTACH EXPLANATION)			—		—		—		—						—
ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*			—		—		—				—		—		—			—			—
ADJUSTED BANK BALANCE IN USD *			4,867.03		—		5,000.00		5,000.00		108,775.38		6,371,964.25		5,960.00			16,603,663.03			16,185.42
* 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
																5101		6,388.36
																5105		250.00
																5106		9,370.00

5107

1,298.75

5108

32,350.03

5109

4,442.15

5110

220.00

5111

1,520.99

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			#XXXXXXXX6849 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	—		—			—		640,075.53							CAD 396,868.33			—			CAD 999,999.99
	USD or USD equivalent	10,081.82		956,508.28			—		489,356.36			633,170.43		134,860.50		303,416.15			1,023,246.09			764,525.99

BANK BALANCE		31-Oct-15	10,074.26	31-Oct-15	1,056,366.72		31-Oct-15	—	31-Oct-15	649,425.04		31-Oct-15	633,170.43	31-Oct-15	134,860.50	31-Oct-15	442,483.19		31-Oct-15	1,023,661.09		31-Oct-15	999,999.99
(+) DEPOSITS IN TRANSIT (ATTACH LIST)			—		—			—		—			—		—
(-) OUTSTANDING CHECKS (ATTACH LIST)			—		(99,858.44	)		—		(9,349.51	)		—		—		(45,614.86	)		(415	)		—
OTHER (ATTACH EXPLANATION)			7.56		—			—		—			—		—
ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*			—		—			—		640,075.53			—		—		396,868.33			—			999,999.99
ADJUSTED BANK BALANCE IN USD *			10,081.82		956,508.28			—		489,356.36			633,170.43		134,860.50		303,416.15			1,023,246.09			764,525.99
* 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
				2119	34,393.73				17442	73.27						17827	247.68		1281	415.00
				2153	11,060.37				17450	2,943.12						18005	156.00
				2154	35.44				17460	131.36						18016	1,638.18
				2155	637.76				17461	4,864.50						18026	2,822.76
				2156	10,111.60				17464	1,337.26						18027	10,085.93
				2157	400.12											18028	1,751.50
				2158	470.00											18029	421.30
				2159	766.88											18030	1,356.00
				2160	165.36											18031	6,084.46
				2161	705.19											18032	8,051.04
				2162	699.68											18033	711.90
				2163	9.80											18034	1,302.21



			2164	326.40									18035	141.95
			2165	174.65									18036	62.15
			2166	153.78									18037	10,781.80
			2167	621.96
			2168	6,599.22
			2169	716.80
			2170	183.84
			2171	1,413.11
			2172	16,143.73
			2174	160.18
			2175	9,049.50
			2176	375.00
			2177	160.00
			2178	715.00
			2179	688.94
			2180	264.75
			2181	2,558.90
			2182	96.75

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

	Bank charges book at the end of Q4	7.56



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 146,443.90		—		—		—			BBD 18,526.44				—				—				¥ 40,049.58
	USD or USD equivalent	1,753,340.4			161,175.32		4,000.00		621,094.85		3,365,661.13			$	9,263.23			$	1,115.26			$	5,000.00			$	6,339.57

BANK BALANCE		31-Oct-15	24,350		31-Oct-15	146,443.9	31-Oct-15	4,000.00	31-Oct-15	621,094.85	31-Oct-15	3,408,155.73		31-Oct-15		BBD 18,526.44		31-Oct-15		$	1,115.26	31-Oct-15		$	5,000.00	31-Oct-15		40,049.58
(+) DEPOSITS IN TRANSIT (ATTACH LIST)			2,444,997.12													—												¥ -
(-) OUTSTANDING CHECKS (ATTACH LIST)			(713,481.53	)						—		(42,494.6	)			—
OTHER (ATTACH EXPLANATION)			(2,525.19	)												—
ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*			—			146,443.9				—		—				BBD 18,526.44				$	—			$	—			40,049.58
ADJUSTED BANK BALANCE IN USD *			1,753,340.4			161,175.32		4,000.00		621,094.85		3,365,661.13				$	9,263.23			$	1,115.26			$	5,000.00			$	6,339.57
* 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
											31239	224.87
											31255	14,040.32
											31256	453.94
											31257	1,337.67
											31258	147.99
											31259	6,050.49
											31260	19,993.80

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: October 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

Ashby & Geddes

July 9-July 31

110,677.72

Molycorp Inc.

WT000002469

10/22/2015

103,089.20

7,588.52

103,089.20

7,588.52

Berkeley Research Group LLC

July 8-July 31

297,078.46

Molycorp Inc.

WT000002472

10/22/2015

296,427.96

650.50

296,427.96

650.50

Jones Day

June 25-July 31

1,793,066.19

Molycorp Inc.

residual of various pre-petition retainer payments and WT 000002464

10/20/2015

1,765,185.12

27,881.07

1,765,185.12

27,881.07

Miller Buckfire

June 25-July 31

141,976.5

Molycorp Inc.

WT000002340

9/3/2015

140,000.00

1,976.5

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

Paul Hastings LLP

July 8-July 31

989,152.08

Molycorp Inc.

WT000002470

10/22/2015

968,948.00

20,204.08

968,948.00

20,204.08

Prime Clerk (156c services)

June 25-June 30

163,722.84

Molycorp Minerals LLC

WT000002248

7/24/2015

11,334.00

152,338.84

Prime Clerk (156c services)

July 1-July 31

222,699.93

Molycorp Inc.

WT000002339

9/3/2015

46,009.00

176,690.93

Prime Clerk (327a services)

June 25-July 31

2,468.40

Molycorp Inc.

WT000002304

9/28/2015

2,468.40

—

Prime Clerk (156c services)

Aug 1-Aug 31

161,588.40

Molycorp Inc.

WT000002428

10/6/2015

26,017.00

135,571.40

Prime Clerk (156c services)

Sept 1-Sept 30

107,697.33

Molycorp Inc.

WT000002488

10/26/2015

37,050.50

70,646.83

122,878.90

535,248.00

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: October 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	$	—		—		$	—	—	$	—	—	3,887,578	12,793,688	—		—
Sales to related parties	—			—		—		—	—		—	5,151,241	22,217,651	—		—
Total Revenue	—			—		—		—	—		—	9,038,819	35,011,339	—		—

Costs of sales
Costs excluding depreciation and amortization	—			—		—		—	—		—	7,328,315	30,537,366	—		—
Depreciation and amortization	—			—		—		—	—		—	8,318	33,273	—		—
Gross profit (loss)	—			—		—		—	—		—	1,702,186	4,440,700	—		—

Expenses
General & Administrative	38,694			270,909		—		—	—		—	188,279	1,030,346	48		267
Sales & Marketing	—			—		—		—	—		—	77,916	381,791	—		—
Insiders Compensation	—			—		—		—	—		—	35,835	150,379	—		—
Depreciation and amortization	—			—		—		—	—		—	160,468	653,378	—		—
- Accretion expense	—			—		—		—	—		—	—	—	—		—
Research and development	—			—		—		—	—		—	—	—	—		—
Revision in estimated ARO cash flows	—			—		—		—	—		—	—	—	—		—
Goodwill impairment & long lived assets	—			—		—		—	—		—	—	—	—		—
Total expenses	38,694			270,909		—		—	—		—	462,498	2,215,894	48		267
Operating income (loss)	(38,694		)	(270,909	)	—		—	—		—	1,239,688	2,224,806	(48	)	(267	)

Other Income (expense) (attached schedule)	—			(1	)	—		—	—		—	12,523	10,840	—		—



Interest income (expense), net	(823,508		)	(394,223	)	—		—	(664,950		)	(2,746,085	)	382,579		1,591,530	—		—
Reorganization items, net (attached schedule)	(3,449,859		)	(113,781,368	)	—		—	—			(30,061,049	)	—		—	—		—
Foreign exchange gain (loss)	5,947,256			(17,988,396	)	—		—	—			—		(587	)	168	—		—
Income/(loss) before taxes and non-controlling interest	1,635,195			(132,434,897	)	—		—	(664,950		)	(32,807,134	)	1,634,203		3,827,344	(48	)	(267	)
Income taxes expense (benefit)	18,750			85,209		—		—	—			—		7,382		18,662	141,671		642,127
Income/(loss) from continuing operations before equity income of affiliate	1,616,445			(132,520,106	)	—		—	(664,950		)	(32,807,134	)	1,626,821		3,808,682	(141,719	)	(642,394	)

Equity in loss (income) of affiliates	—			—		—		—	173,523			486,674		—		—	—		—

Income/(loss) from continuing operations	1,616,445			(132,520,106	)	—		—	(838,473		)	(33,293,808	)	1,626,821		3,808,682	(141,719	)	(642,394	)

Earnings/(loss) for the period	$	1,616,445		(132,520,106	)	$	—	—	$	(838,473	)	(33,293,808	)	1,626,821		3,808,682	(141,719	)	(642,394	)



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	—		—		—		—	—		—	4,682,272		19,835,139		—			—
Total Revenue	—		—		—		—	—		—	4,682,272		19,835,139		—			—

Costs of sales
Costs excluding depreciation and amortization	—		—		—		—	—		—	3,558,280		20,009,233		—			—
Depreciation and amortization	—		—		—		—	—		—	—		—		—			—
Gross profit (loss)	—		—		—		—	—		—	1,123,992		(174,094	)	—			—

Expenses
General & Administrative	—		43		—		—	—		—	141,207		585,174		—			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		—		—	—		—	141,207		585,174		—			2,067
Operating income (loss)	—		(43	)	—		—	—		—	982,785		(759,268	)	—			(2,067	)

Other Income (expense) (attached schedule)	—		—		—		—	—		—	—		—		—			—
Interest income (expense), net	—		—		—		—	—		—	—		—		(2,505,440		)	(10,256,593	)
Reorganization items, net (attached schedule)	—		—		—		—	—		—	—		—		—			—
Foreign exchange gain (loss)	—		—		—		—	—		—	—		—		(5,163,395		)	16,134,487
Income/(loss) before taxes and non-controlling interest	—		(43	)	—		—	—		—	982,785		(759,268	)	(7,668,835		)	5,875,827
Income taxes expense (benefit)	—		—		—		—	—		—	—		—		—			—
Income/(loss) from continuing operations before equity income of affiliate	—		(43	)	—		—	—		—	982,785		(759,268	)	(7,668,835		)	5,875,827

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

Income/(loss) from continuing operations	—		(43	)	—		—	—		—	982,785		(759,268	)	(7,668,835		)	5,875,827

Earnings/(loss) for the period	$	—	(43	)	$	—	—	$	—	—	$	982,785	(759,268	)	$	(7,668,835	)	5,875,827



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	$	2,338,276		11,758,563	$	—	—		$	277,908		1,450,563		$	—		56		$	664,103		2,145,426
Sales to related parties	3,329,137			18,217,253	—		—		—			123,853		53,208			933,087		58,900			7,298,690
Total Revenue	5,667,413			29,975,816	—		—		277,908			1,574,416		53,208			933,143		723,003			9,444,116

Costs of sales
Costs excluding depreciation and amortization	5,402,487			28,276,123	—		—		316,537			1,857,617		62,327			1,164,288		4,229,043			38,334,237
Depreciation and amortization	—			—	—		—		28,092			116,688		24,195			103,143		7,230,092			30,351,407
Gross profit (loss)	264,926			1,699,693	—		—		(66,721		)	(399,889	)	(33,314		)	(334,288	)	(10,736,132		)	(59,241,528	)

Expenses
General & Administrative	39,057			133,399	—		112		(80		)	36,151		681,696			2,607,885		3,216,753			9,668,738
Sales & Marketing	34,605			115,160	—		—		—			—		45,675			161,064		61			46,899
Insiders Compensation	29,086			120,612	—		—		—			—		70,427			435,066		88,250			537,150
Depreciation and amortization	—			—	—		—		—			—		15,394			74,141		363,126			(2,579,365	)
- Accretion expense	—			—	—		—		—			—		—			—		116,408			480,917
Research and development	97,989			571,503	—		—		—			—		63,419			252,411		18,522			137,004
Revision in estimated ARO cash flows	—			—	—		—		—			—		—			—		—			(4,041,690	)
Goodwill impairment & long lived assets	—			—	—		—		—			—		—			—		—			—
Total expenses	200,737			940,674	—		112		(80		)	36,151		876,611			3,530,567		3,803,120			4,249,653
Operating income (loss)	64,189			759,019	—		(112	)	(66,641		)	(436,040	)	(909,925		)	(3,864,855	)	(14,539,252		)	(63,491,181	)

Other Income (expense) (attached schedule)	—			—	—		—		49			211		—			114,807		(49,291		)	(46,058	)
Interest income (expense), net	1,112			3,572	—		—		—			—		(377,610		)	(1,387,004	)	(1,775,037		)	(8,516,550	)
Reorganization items, net (attached schedule)	—			—	—		—		—			—		—			—		(244,190		)	(74,227,065	)
Foreign exchange gain (loss)	(10,201		)	79,815	—		—		—			—		(936,854		)	2,219,412		(2,505		)	(31,798	)
Income/(loss) before taxes and non-controlling interest	55,100			842,406	—		(112	)	(66,592		)	(435,829	)	(2,224,389		)	(2,917,640	)	(16,610,275		)	(146,312,652	)
Income taxes expense (benefit)	—			21,192	—		—		—			—		18,719			85,880		69,111			69,111
Income/(loss) from continuing operations before equity income of affiliate	55,100			821,214	—		(112	)	(66,592		)	(435,829	)	(2,243,108		)	(3,003,520	)	(16,679,386		)	(146,381,763	)

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

Income/(loss) from continuing operations	55,100			821,214	—		(112	)	(66,592		)	(435,829	)	(2,243,108		)	(3,003,520	)	(16,679,386		)	(146,381,763	)

Earnings/(loss) for the period	$	55,100		821,214	$	—	(112	)	$	(66,592	)	(435,829	)	$	(2,243,108	)	(3,003,520	)	$	(16,679,386	)	(146,381,763	)



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	$	—	—		$	704,575		2,473,263		$	—		—		$	—	—	$	—	—
Sales to related parties	—		—		46,595			745,003		—			—		—		—	—		—
Total Revenue	—		—		751,170			3,218,266		—			—		—		—	—		—

Costs of sales
Costs excluding depreciation and amortization	—		—		673,282			3,774,398		—			—		—		—	—		—
Depreciation and amortization	—		—		15,848			68,693		—			—		—		—	—		—
Gross profit (loss)	—		—		62,040			(624,825	)	—			—		—		—	—		—

Expenses
General & Administrative	—		5,518		25,219			121,029		78,706			297,407		—		—	—		—
Sales & Marketing	—		—		10,611			31,654		—			1,615		—		—	—		—
Insiders Compensation	—		—		—			—		—			—		—		—	—		—
Depreciation and amortization	—		—		1,495			6,496		3,551			14,204		—		—	—		—
- Accretion expense	—		—		—			—		—			—		—		—	—		—
Research and development	—		—		—			—		—			—		—		—	—		—
Revision in estimated ARO cash flows	—		—		—			—		—			—		—		—	—		—
Goodwill impairment & long lived assets	—		—		—			6,917		—			—		—		—	—		—
Total expenses	—		5,518		37,325			166,096		82,257			313,226		—		—	—		—
Operating income (loss)	—		(5,518	)	24,715			(790,921	)	(82,257		)	(313,226	)	—		—	—		—

Other Income (expense) (attached schedule)	240,000		560,000		—			—		—			—		—		—	—		—
Interest income (expense), net	37		97		217			1,061		—			29		—		—	—		—
Reorganization items, net (attached schedule)	—		—		—			—		—			—		—		—	—		—
Foreign exchange gain (loss)	—		—		(771		)	2,765		137,057			(446,706	)	—		—	—		—
Income/(loss) before taxes and non-controlling interest	240,037		554,579		24,161			(787,095	)	54,800			(759,903	)	—		—	—		—
Income taxes expense (benefit)	—		—		—			—		64,982			251,984		—		—	—		—
Income/(loss) from continuing operations before equity income of affiliate	240,037		554,579		24,161			(787,095	)	(10,182		)	(1,011,887	)	—		—	—		—

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

Income/(loss) from continuing operations	240,037		554,579		24,161			(787,095	)	(10,182		)	(1,011,887	)	—		—	—		—

Earnings/(loss) for the period	$	240,037	554,579		$	24,161		(787,095	)	$	(10,182	)	(1,011,887	)	$	—	—	$	—	—



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	$	—	—	$	—		—		$	7,872,440		30,621,559
Sales to related parties	—		—	(4,794,380		)	(27,941,756	)	8,526,973			41,428,920
Total Revenue	—		—	(4,794,380		)	(27,941,756	)	16,399,413			72,050,479

Costs of sales
Costs excluding depreciation and amortization	—		—	(4,799,976		)	(28,373,736	)	16,770,295			95,579,526
Depreciation and amortization	—		—	—			—		7,306,545			30,673,204
Gross profit (loss)	—		—	5,596			431,980		(7,677,427		)	(54,202,251	)

Expenses
General & Administrative	—		—	—			—		4,409,579			14,759,045
Sales & Marketing	—		—	—			—		168,868			738,183
Insiders Compensation	—		—	—			—		223,598			1,243,207
Depreciation and amortization	—		—	—			—		544,034			(1,831,146	)
- Accretion expense	—		—	—			—		116,408			480,917
Research and development	—		—	—			—		179,930			960,918
Revision in estimated ARO cash flows	—		—	—			—		—			(4,041,690	)
Goodwill impairment & long lived assets	—		—	—			—		—			6,917
Total expenses	—		—	—			—		5,642,417			12,316,351
Operating income (loss)	—		—	5,596			431,980		(13,319,844		)	(66,518,602	)

Other Income (expense) (attached schedule)	—		—	—			—		203,281			639,799
Interest income (expense), net	—		—	—			—		(5,762,600		)	(21,704,166	)
Reorganization items, net (attached schedule)	—		—	—			—		(3,694,049		)	(218,069,482	)
Foreign exchange gain (loss)	—		—	—			—		(30,000		)	(30,253	)
Income/(loss) before taxes and non-controlling interest	—		—	5,596			431,980		(22,603,212		)	(305,682,704	)
Income taxes expense (benefit)	—		—	—			—		320,615			1,174,165
Income/(loss) from continuing operations before equity income of affiliate	—		—	5,596			431,980		(22,923,827		)	(306,856,869	)

Equity in loss (income) of affiliates	—		—	—			—		173,523			486,674

Income/(loss) from continuing operations	—		—	5,596			431,980		(23,097,350		)	(307,343,543	)

Earnings/(loss) for the period	$	—	—	$	5,596		431,980		$	(23,097,350	)	(307,343,543	)



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	49		211

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

Molycorp Minerals, LLC	15-11371	Miscellaneous rental income /(expense)	(49,291	)	(46,108	)
		Gain on disposal			50
			(49,291	)	(46,058	)

Molycorp Rare Metals Holdings, Inc.	15-11372	Dividend income	240,000		560,000

Magnequench International, Inc.	15-11360	Other Income /(expense)	12,523		10,840

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

		Total Combined	203,281		639,799

		Other Reorganization Expenses
Molycorp Inc.	15-11357	Legal and other professional fees	3,449,858		20,649,445
		Adjustments to the carrying amount of debt			78,440,941
		Wrtie 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			17,779,875
		Total	3,449,858		113,781,367

Magnequench Inc.	15-11359	Write-off of discount and deferred financing cost on Term Loans			8,796,357
		Early Payment Premium on Term Loans			21,264,693
		Total	—		30,061,050



Molycorp Minerals, LLC	15-11371	Early payment premium on term loans		49,754,504
		Adjustments to the carrying amount of debt		18,918,839
		Trustee fees	29,025	133,200
		Severance expense	215,165	3,744,617
		Capital equipment lease cancellation		1,675,906
		Total	244,190	74,227,066

		Total Combined	3,694,048	218,069,483

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: October 2015

Notes to MOR-3, Balance Sheet

Unless otherwise indicated, the value of the assets contained in MOR-3 are book values as of October 31, 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 October 31, 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	$	3,388,734	$	—	$	—	$	10,635,293	$	148,457	$	4,867	$	5,000	$	5,000	$	6,480,740	$	5,960	$	16,619,848	$	10,082	$	957,108	$	3,352,688	$	1,918,516	$	621,095
Restricted cash	79,299,601		—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Trade accounts receivable	—		—		—		2,773,394		—		—		—		—		—		—		2,464,663		—		666,273		1,704		752,922		—
Inventories	—		—		—		4,007,653		—		—		—		—		1,716,650		—		6,708,692		—		3,283,334		865,101		25,624,851		—
Income tax receivable	437,290		—		—		—		88,061		—		—		—		—		—		—		—		—		—		—		—
Defer tax assets	7,432,756		—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Other current assets (attached schedule)	2,713,804		—		—		48,549		5,591		—		—		—		3,882		—		14,642		—		43,169		207,782		8,280,006		—
Total current assets	93,272,185		—		—		17,464,889		242,109		4,867		5,000		5,000		8,201,272		5,960		25,807,845		10,082		4,949,884		4,427,275		36,576,295		621,095

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		3,934,430		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	—	—	—	—		—	—	—	—	—	—	—		—	—		4,627		14,882,856		—
less: accumulated depreciation	—	—	—	(6,970,164	)	—	—	—	—	—	—	(84,275	)	—	(1,463,213	)	(3,894,801	)	(211,179,199	)	—
Property, plant and equipment	—	—	—	2,080,332		—	—	—	—	—	—	—		—	3,592,999		2,889,176		1,505,198,836		—
Deposits	2,207,497	—	—	—		—	—	—	—	—	—	—		—	—		—		36,541,449		—
Inventories	—	—	—	—		—	—	—	—	—	—	—		—	—		—		23,783,380		—
Patents and other intangible assets	—	—	—	29,146,366		—	—	—	—	—	—	—		—	—		354,884		322,081		—
Investment (attached schedule)	543,915,594	20,000	162,134,804	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	2,977,263,154	478	49,677,426	112,848,502		11,524,961	—	—	—	23,657,891	45,245,069	10,797,077		15,798	2,200,001		25,906,204		39,018,069		1,800,000
Total non current assets	3,523,386,245	20,478	211,812,230	161,187,444		13,558,237	—	—	—	1,215,983,331	729,420,509	10,797,077		364,165,798	5,793,000		60,961,833		1,746,911,436		24,719,589
Total assets	3,616,658,430	20,478	211,812,230	178,652,333		13,800,346	4,867	5,000	5,000	1,224,184,603	729,426,469	36,604,922		364,175,880	10,742,884		65,389,108		1,783,487,731		25,340,684

LIABILITIES AND SHAREHOLDERS' EQUITY

Current
Trade accounts payable	1,035,507	—	—	104,271		—	—	—	—	5,021	—	71,475		—	15,960		52,843		1,073,473		—
DIP Financing	135,534,034	—	—	—		—	—	—	—	—	—	—		—	—		—		—		—
Accrued expenses	13,279,193	—	—	401,845		—	—	—	—	20,833	—	897,907		—	298,858		1,011,167		11,976,130		—
Interest payable	—	—	—	—		—	—	—	—	—	—	—		—	—		—		—		—
Income taxes payable	—	—	—	247,335		—	—	—	—	—	—	—		—	—		472,041		—		—
Capital lease	—	—	—	—		—	—	—	—	—	—	—		—	—		—		—		—
Asset retirement obligation	—	—	—	—		—	—	—	—	—	—	—		—	—		—		3,459,517		—
Total current liabilities	149,848,734	—	—	753,451		—	—	—	—	25,854	—	969,382		—	314,818		1,536,051		16,509,120		—




Capital lease	—		—	—	—		—	—		—	—		—	—		—	—		—		—		—		—
Asset retirement obligation	—		—	—	—		—	—		—	—		—	—		—	—		—		—		11,010,693		—
Defer tax liabilities	13,204,756		—	—	380,910		1,419,219	—		—	—		—	—		—	—		—		1,231,730		—		—
Pension benefit liabilities	—		—	—	3,293,423		—	—		—	—		—	—		—	—		—		—		—		—
Other Long-term liabilities	—		—	—	—		—	—		—	—		—	—		—	—		—		—		1,424,195		—
Amount due to Insiders	—		—	—	—		—	—		—	—		—	—		—	—		—		—		—		—
Related party payable	357,347		—	—	1,602,586		—	—		5,000	5,000		13,381,627	11,861,829		7,527,768	—		9,467		2,025,871		62,767,273		—
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	348,943,280		17,383,339	364,287,300		216,331		59,138,555		2,262,323,872		—
Liabilities subject to compromise - Third party	1,511,421,108		—	85,437,171	12,391		—	—		—	—		6,054	—		18,820	—		32,659		1,860,873		230,558,176		—
Total non-current liabilities	1,596,024,565		20,378	88,776,344	26,662,390		1,638,281	5,000		5,000	12,750		25,791,195	360,805,109		24,929,927	364,287,300		258,457		64,257,029		2,568,084,209		—
Total liabilities	1,745,873,299		20,378	88,776,344	27,415,841		1,638,281	5,000		5,000	12,750		25,817,049	360,805,109		25,899,309	364,287,300		573,275		65,793,080		2,584,593,329		—

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	(379,080,274	)	—	82,974,265	3,803,564		7,151,689	(133	)	—	(7,750	)	514,192,113	(42,698,144	)	10,477,800	(131,420	)	(7,351,958	)	(271,483,124	)	(933,681,687	)	2,876,934
Accum Other Comprehensive Income	—		—	—	(956,809	)	—	—		—	—		—	—		—	—		—		—		—		—
Shareholders' equity	1,870,785,131		100	123,035,886	151,236,492		12,162,065	(133	)	—	(7,750	)	1,198,367,554	368,621,360		10,705,613	(111,420	)	10,169,609		(403,972	)	(801,105,598	)	25,340,684
Total liabilities and shareholders' equity	3,616,658,430		20,478	211,812,230	178,652,333		13,800,346	4,867		5,000	5,000		1,224,184,603	729,426,469		36,604,922	364,175,880		10,742,884		65,389,108		1,783,487,731		25,340,684



COMBINED DEBTORS' BALANCE SHEET
Continuation Sheet for MOR-3
As at October 31, 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	$	3,366,998		$	21,718	$	—	$	—	$	—	$	—	$	47,542,104
Restricted cash	—			—		—		—		—		—		79,299,601
Trade accounts receivable	811,295			—		—		—		—		—		7,470,251
Inventories	4,091,563			—		—		—		—		431,980		46,729,824
Income tax receivable	—			—		—		—		—		—		525,351
Defer tax assets	—			—		—		—		—		—		7,432,756
Other current assets (attached schedule)	741,905			5,683		—		—		—		—		12,065,013
Total current assets	9,011,761			27,401		—		—		—		431,980		201,064,900

Fixed Assets
- Real Property & Improvement	1,021,865			—		—		—		—		—		1,064,430,702
- Machinery & Equipment	1,057,283			—		—		—		—		—		615,337,778
- Furniture & Office Equipment	45,006			—		—		—		—		—		17,844,541
- Vehicle	—			—		—		—		—		—		2,437,401
- Minerals Resource	—			—		—		—		—		—		24,539,244
- Construction in Process	3,429			—		—		—		—		—		14,890,912
less: accumulated depreciation	(1,352,746		)	—		—		—		—		—		(224,944,398		)
Property, plant and equipment	774,837			—		—		—		—		—		1,514,536,180
Deposits	—			—		—		—		—		—		38,748,946
Inventories	—			—		—		—		—		—		23,783,380
Patents and other intangible assets	—			494,893		—		—		—		—		30,318,224



Investment (attached schedule)	—	28,535,255	—	—	—	(2,977,166,065	)	213,345,233
Other assets (attached schedule)	—	—	—	—	—	—		669,534
Loan to Insiders	—	—	—	—	—	—		—
Related Party Receivable	246,559	46,990,065	—	—	—	(3,217,390,912	)	129,800,342
Total non current assets	1,021,396	76,020,213	—	—	—	(6,194,556,977	)	1,951,201,839
Total assets	10,033,157	76,047,614	—	—	—	(6,194,124,997	)	2,152,266,739

LIABILITIES AND SHAREHOLDERS' EQUITY

Current
Trade accounts payable	98,333	—	—	—	—	—		2,456,883
DIP Financing	—	—	—	—	—	—		135,534,034
Accrued expenses	218,805	145,868	—	—	—	—		28,250,606
Interest payable	—	—	—	—	—	—		—
Income taxes payable	—	—	—	—	—	—		719,376
Capital lease	—	—	—	—	—	—		—
Asset retirement obligation	—	—	—	—	—	—		3,459,517
Total current liabilities	317,138	145,868	—	—	—	—		170,420,416

Capital lease	—	—	—	—	—	—		—
Asset retirement obligation	—	—	—	—	—	—		11,010,693
Defer tax liabilities	—	1,261,395	—	—	—	—		17,498,010
Pension benefit liabilities	—	—	—	—	—	—		3,293,423
Other Long-term liabilities	—	—	—	—	—	—		1,424,195
Amount due to Insiders	—	—	—	—	—	—		—
Related party payable	154,159	24,951	—	—	—	(81,512,746	)	18,210,132
Liabilities subject to compromise - Related party	38,381	149,196	—	—	—	(3,135,878,166	)	25,011,399
Liabilities subject to compromise - Third party	50,347	809,428	—	—	—	—		1,830,207,027
Total non-current liabilities	242,887	2,244,970	—	—	—	(3,217,390,912	)	1,906,654,879



Total liabilities	560,025		2,390,838	—	—	—	(3,217,390,912	)	2,077,075,295

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	(5,076,868	)	53,979,096	—	—	—	(1,209,661,255	)	(2,173,717,152	)
Accum Other Comprehensive Income	—		—	—	—	—	—		(956,809	)
Shareholders' equity	9,473,132		73,656,776	—	—	—	(2,976,734,085	)	75,191,444
Total liabilities and shareholders' equity	10,033,157		76,047,614	—	—	—	(6,194,124,997	)	2,152,266,739



Continuation Sheet for MOR-3

				BOOK VALUE AS AT
Debtor	Case No.		ASSETS	October 31, 2015
		Other Current Assets
Molycorp Inc.	15-11357		Retainer fee paid to Jone's day	74,402
			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	1,321,916
			Total	2,713,804

Magnequench International Inc.	15-11360		Misc receivable	48,549

Magnequench Limited	15-11361		Prepaids and deferred charges	1,508
			HST/VAT recoverable	4,083
			Total	5,591

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

Molycorp Chemicals & Oxides, Inc.	15-11367		Prepaids and deferred charges	7,692
			Misc receivables - Other	6,950
			Total	14,642

Molycorp Metals & Alloys, Inc.	15-11369		Prepayment for raw materials	5,838
			Refundable deposits to utility company	37,332
			Total	43,170

Molycorp Minerals Canada ULC (Toronto)	15-11370		GST/VAT recoverable	20,482
			Prepayment on rent and consulting	118,210
			Prepaid Insurance	10,904
			Prepaid Property Tax	4,332
			HST Recoverable	8,343
			Misc receivable	45,511
			Total	207,782




Molycorp Minerals, LLC	15-11371		Other account receivable	17,114
			Prepaid and deferred charges	5,879,713
			Prepaid insurance	2,383,179
			Total	8,280,006

Molycorp Rare Metals (Utah), Inc.	15-11373		Prepaid Others	116,883
			Prepaid - Pots Expense	8,945
			Prepaid - Heaters Expense	9,310
			Prepaid - Propane Expense	15,399
			Prepaid - Package Expense	22,609
			Prepaid Duty	543,112
			Prepaid - HRA Plan	966
			GST/VAT Recoverable(Consumption Tax)	3,033
			Misc Receivable	21,648
			Total	741,905

Neo International Corp.	15-11374		Prepayment for professional fee	5,000
			GST/VAT recoverable	683
			Total	5,683

			Combined Debtor Total Other Current Assets	12,065,014
		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%)	5,054,847
			Magnequench Neo Powders Pte. Ltd. (100%)	116,421
			Magnequench International Inc. (100%)	136,035,957
			Magnequench UG (100%)	20,927,580
			Total	162,134,805

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	3,190,511,299
		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: October 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	—	549,968	549,968	Various	EFT	—
FICA-Employee	—	137,555	137,555	Various	EFT	—
FICA-Employer	—	137,555	137,555	Various	EFT	—
Unemployment	835	15	—	0	—	850
Income	—	—	—	—	—	—
Other: Fed Medical Ins	—	76,465	76,465	Various	EFT	—
Total Federal Taxes	835	901,558	901,543			850
State and Local
Withholding	—	182,285	182,285	Various	EFT	—
Sales & Use AZ location only	1,639,659	54,143	66	Various	EFT	1,693,736
Excise	—	—	—	—	—	—
Unemployment	470	116	—	—	—	586
Real Property	1,419,060	662,446	—	—	—	2,081,506
Personal Property	—	—	—	—	—	—
Other: Property taxes for land and machinery	19,910	4,304	—	—	—	24,214
Total State and Local	3,079,099	903,294	182,351			3,800,042
Total Taxes	3,079,934	1,804,852	1,083,894			3,800,892


SUMMARY OF UNPAID POSTPETITION DEBTS

Number of Days Past Due
	Current	0-30	31-60	61-90	Over 90	Total
Accounts Payable	1,366,974	967,099	116,642	5,021	1,146	2,456,882
Wages Payable	1,212,113	—	—	—	—	1,212,113
Taxes Payable	27,564.00	—	—	—	—	27,564.00



Rent/Leases-Building						—
Rent/Leases-Equipment						—
Secured Debt/Adequate Protection Payments						—
Professional Fees						—
Amounts Due to Insiders*						—
Other: DIP Financing	135,534,034	—	—	—	—	135,534,034

Total Postpetition Debts	138,140,685	967,099	116,642	5,021	1,146	139,230,593

Explain how and when the Debtor intends to pay any past-due postpetition debts.
0-30	967,099	$852,471 of this amount is 20% holdback. The remainder was paid in November 2015
31-60	116,642	$109,820 of this amount is 20% holdback. The remainder was paid in November 2015
61-90	5,021	Still awaiting approval
Over 90	1,146	Still awaiting approval
	1,089,908	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: October 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	72,071	852,470	109,819	—	1,146	1,035,506
Industrial Minerals, LLC	15-11358	—	—	—	—	—	—
Magnequench Inc.	15-11359	—	—	—	—	—	—
Magnequench International, Inc.	15-11360	9,523	89,916	4,832	—	—	104,271
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	—	—	—	5,021	—	5,021
MCP Exchangeco Inc.	15-11366	—	—	—	—	—	—
Molycorp Chemicals & Oxides, Inc.	15-11367	65,236	6,239	—	—	—	71,475
Molycorp Luxembourg Holdings S.a.r.l	15-11368	—	—	—	—	—	—
Molycorp Metals & Alloys, Inc.	15-11369	15,960	—	—	—	—	15,960
Molycorp Minerals Canada ULC (Toronto)	15-11370	19,201	18,474	1,991	—	—	39,666
Molycorp Minerals Canada ULC (Peterborough)	15-11370	13,178	—	—	—	—	13,178
Molycorp Minerals, LLC	15-11371	1,073,472	—	—	—	—	1,073,472
Molycorp Rare Metals Holdings, Inc.	15-11372	—	—	—	—	—	—
Molycorp Rare Metals (Utah), Inc.	15-11373	98,333	—	—	—	—	98,333
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		1,366,974	967,099	116,642	5,021	1,146	2,456,882



UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-5	Reporting Period: October 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		10,693,675		—	—		—	2,750,213		—	—		—	—	—	—
+ Amounts billed during the period		6,488,544		—	—		—	2,466,491		—	—		—	—	—	—
- Amounts collected during the period		(7,178,543	)	—	—		—	(2,443,309	)	—	—		—	—	—	—
+/- Revaluation of Foreign Currency Receivable		—		—	—		—	—		—	—		—	—	—	—
+/- AR adjustments		(33,425	)	—	—		—			—	—		—	—	—	—
Total Accounts Receivable at the end of the reporting period		9,970,251		—	—		—	2,773,394		—	—		—	—	—

Accounts Receivable Aging
0 - 30 days old		7,347,819		—	—		—	2,750,625		—	—		—	—	—	—
31 - 60 days old		113,312		—	—		—	22,769		—	—		—	—	—	—
61 - 90 days old		—		—	—		—	—		—	—		—	—	—	—
91+ days old		2,509,120		—	—		—	—		—	—		—	—	—	—
Total Accounts Receivable		9,970,251		—	—		—	2,773,394		—	—		—	—	—	—
Amount considered uncollectible (Bad Debt)		(2,500,000	)	—	—		—	—		—	—		—	—	—	—
Accounts Receivable (Net)		7,470,251		—	—		—	2,773,394		—	—		—	—	—	—

	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		3,599,310		—	1,048,120		1,704	2,708,623		—	585,705		—	—	—	—
+ Amounts billed during the period		2,405,762		—	279,370			664,104		—	672,818		—	—	—	—
- Amounts collected during the period		(3,543,243	)	—	(661,217	)	—	(83,545	)	—	(447,229	)	—	—	—	—
+/- Revaluation of Foreign Currency Receivable		—		—	—		—	—		—			—	—	—	—



+/- AR adjustments	2,835	—		—	(36,260	)	—		—	—	—	—
Total Accounts Receivable at the end of the reporting period	2,464,663	—	666,273	1,704	3,252,922			811,295	—	—	—	—

Accounts Receivable Aging
0 - 30 days old	2,455,543	—	666,273	—	664,083		—	811,295	—	—	—	—
31 - 60 days old	—	—		1,704	88,839		—	—	—	—	—	—
61 - 90 days old		—	—	—	—		—	—	—	—	—	—
91+ days old	9,120	—	—	—	2,500,000		—	—	—	—	—	—
Total Accounts Receivable	2,464,663	—	666,273	1,704	3,252,922		—	811,295	—	—	—	—
Amount considered uncollectible (Bad Debt)		—	—	—	(2,500,000	)	—	—	—	—	—	—
Accounts Receivable (Net)	2,464,663	—	666,273	1,704	752,922		—	811,295	—	—	—	—



UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-5	Reporting Period: October 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	2,750,625	22,769	—	—	—		2,773,394
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	2,455,543	—	—	9,120	—		2,464,663
Molycorp Luxembourg Holdings S.a.r.l	15-11368	—	—	—	—			—
Molycorp Metals & Alloys, Inc.	15-11369	666,273	—	—	—			666,273.00
Molycorp Minerals Canada ULC (Toronto)	15-11370	—	—	—	—			—
Molycorp Minerals Canada ULC (Peterborough)	15-11370	—	1,704	—	—			1,704
Molycorp Minerals, LLC	15-11371	664,083	88,839.00	—	2,500,000	(2,500,000	)	752,922
Molycorp Rare Metals Holdings, Inc.	15-11372	—	—	—	—	—		—
Molycorp Rare Metals (Utah), Inc.	15-11373	811,295	—	—	—	—		811,295
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		7,347,819	113,312	—	2,509,120	(2,500,000	)	7,470,251



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

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