Molycorp, Inc.

Case No. 15-11357


Current News

On April 8, 2016, the Bankruptcy Court entered an order confirming the Plan Debtors' Fourth Amended Joint Plan of Reorganization (the "Plan") for Molycorp, Inc. and certain of its subsidiaries (the "Confirmation Order").   A copy of the Confirmation Order can be accessed here.

On May 2, 2016, the Bankruptcy Court approved certain modifications to the plan.  A copy of the order approving the modifications can be accessed here.  A copy of the confirmed plan, as modified, can be accessed here.  

The Plan became effective on August 31, 2016 (the "Effective Date").  A notice regarding the Effective Date and bar dates for filing certain claims can be accessed here.

On April 13, 2016, the court entered an Order (I) Directing the United States Trustee to Appoint a Chapter 11 Trustee for the Chapter 11 Cases of Industrial Minerals, LLC; Molycorp Advanced Water Technologies, LLC; Molycorp Minerals, LLC; PP IV Mountain Pass II, Inc.; PP IV Mountain Pass Inc.; and RCF Speedwagon Inc., (II) Amending the Debtors' Joint Administration Order and (III) Granting Related Relief.  The Molycorp Minerals Debtors' cases shall be withdrawn from, and shall no longer be administered jointly for procedural purposes with, the cases of the Plan Debtors under the docket of Molycorp, Inc., Case No. 15-11357 (CSS).  The Molycorp Minerals Debtors' cases shall be consolidated for procedural purposes only and shall be administered jointly.  The Clerk of the Court shall maintain one file and one docket for all of these jointly administered cases, which file and docket for each respective case shall be the file and docket for Molycorp Minerals, LLC, Case No. 15-11371 (CSS).  Parties in interest are directed to use the amended caption as described in the Order.  To view a copy of the Order click here.    

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

Greenwood Village, Col. (August 26, 2015) - Molycorp, Inc. (OTC: MCP), ("Molycorp" or the "Company") announced today that it will transition its Mountain Pass Rare Earth Facility to a "care and maintenance" mode while it plans to continue serving its rare earth oxide customers via its production facilities in Estonia and China. Customers of the Company’s rare earth magnetic materials, as well as its rare earth-based water treatment products, will not be impacted.

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

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

The approved DIP facility of new net financing of $130 Million represents significant improvement over the interim DIP approved by the Court on July 2, 2015, including additional liquidity, reduced costs, and additional time to develop a plan of reorganization that would be in the best interest of all parties.

Molycorp, Inc. Receives Court Approval for Interim Financing; Company Has $22 Million in New Funds to Support Operations

Greenwood Village, Col. (July 2, 2015) - Molycorp, Inc. (OTC: MCPIQ), ("Molycorp" or the "Company") the only global, vertically-integrated producer of rare earth products used in many electronic, transportation, industrial and clean energy applications, reported today that it had received approval from the U.S. Bankruptcy Court on $22 million in interim debtor-in-possession (DIP) financing provided by an affiliate of Oaktree Capital Management.  The new funds will support operations going forward for an interim period while the Company continues to negotiate with Oaktree and a group representing the secured 10% noteholders, both of which represent secured creditors that have presented competing DIP lending proposals.

News Release - Chapter 11 Press Release

On June 25, 2015, Molycorp, Inc. and 20 affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.  The cases are pending before the Honorable Christopher S. Sontchi and are jointly administered under Case No. 15-11357. 

Important Information & Dates

Bar Date for Filing Proofs of Claim

The Bankruptcy Court has set the following deadlines for filing proofs of claim against the Debtors:

  • General Bar Date (all creditors other than Governmental Units): October 13, 2015
  • Governmental Unit Bar Date: December 23, 2015

Click on "Submit a Claim" above to download a proof of claim form and for more information regarding filing a claim against the Debtors.


Dates

June 25 2015 Petition Date 2015 Voluntary Peti... Add to Calendar
August 31 2016 Effective Date 2016 Notice of Effe... Add to Calendar
March 29 2017 Final Decree 2017 Final Decree (... Add to Calendar
+ SHOW ALL DATES
June 25 2015 2015
June 26 2015 10:00 AM (ET)
July 2 2015 10:30 AM (ET)
July 8 2015 10:00 AM (ET)
Committee Formation Meeting Committee Formation Meeting Add to Calendar
July 20 2015 10:00 AM (ET)
August 13 2015 10:00 AM (ET)
August 17 2015 1:00 PM (ET)
September 15 2015 11:00 AM (ET)
October 1 2015 11:00 AM (ET)
October 13 2015 5:00 PM (ET)
October 19 2015 12:30 PM (ET)
November 16 2015 10:00 AM (ET)
December 18 2015 1:00 PM (ET)
December 23 2015 5:00 PM (ET)
January 8 2016 10:00 AM (ET)
January 14 2016 4:30 PM (ET)
January 20 2016 2:00 PM (ET)
February 11 2016 1:00 PM (ET)
February 23 2016 1:00 PM (EST)
February 24 2016 1:00 PM (ET)
March 1 2016 __
Auction (if necessary) Add to Calendar
March 11 2016 1:00 PM (ET)
March 25 2016 5:00 PM (ET)
Voting Deadline Add to Calendar
March 28 2016 2:30 PM (ET)
March 29 2016 10:00 AM (ET)
March 30 2016 __
April 4 2016 2:00 PM (ET)
April 8 2016 1:00 PM (ET)
April 13 2016 11:00 AM (ET)
May 2 2016 2:00 PM (ET)
June 2 2016 1:00 PM (ET)
June 13 2016 11:00 AM (ET)
June 28 2016 2:30 PM (ET)
July 14 2016 10:00 AM (ET)
July 22 2016 10:00 AM (ET)
August 31 2016 2016
September 9 2016 12:00 PM (ET)
September 30 2016 __
October 25 2016 Cancelled
December 19 2016 2:00 PM (ET)
March 29 2017 2017
March 31 2017 10:00 AM (ET)

Parties

Debtors' Counsel

  • Jones Day (New York)

    250 Vesey Street
    New York, NY   10281-1047
    http://www.jonesday.com/
    Phone: 212.326.3939
    Fax: 212.755.7306

    Paul D. Leake, Esq.
    Lisa Laukitis, Esq.

  • Jones Day (Cleveland)

    North Point
    901 Lakeside Avenue
    Cleveland, OH   44114
    http://www.jonesday.com/
    Phone: 216.586.3939
    Fax: 216.579.0212

    Ryan T. Routh, Esq.

  • Jones Day (Chicago)

    77 West Wacker
    Chicago, IL   60614
    http://www.jonesday.com
    Phone: 312.782.3939
    Fax: 312.782.8585

    Joseph M. Tiller, Esq.

  • Young Conaway Stargatt & Taylor LLP

    Rodney Square
    1000 North King Street
    Wilmington, DE   19801
    http://www.youngconaway.com/
    Phone: 302.571.6600
    Fax: 302.571.1253

    Edmon L. Morton, Esq.

Official Committee of Unsecured Creditors

  • Paul Hasting LLP (New York)

    75 East 55th Street
    New York, NY   10022
    http://www.paulhastings.com
    Phone: 212.318.6000
    Fax: 212.319.4090

    Luc A. Despins, Esq.
    John J. Ramirez, Esq.

  • Paul Hastings LLP (Washington DC)

    875 15th Street, N.W.
    Washington, DC   20005
    http://www.paulhastings.com
    Phone: 202.551.1700
    Fax: 202.551.1705

    Robert E. Winter, Esq.

  • Paul Hastings LLP (Chicago)

    71 S. Wacker Drive
    Suite 4500
    Chicago, IL   60606
    http://www.paulhastings.com
    Phone: 312.499.6000
    Fax: 312.499.6100

    Marc J. Carmel, Esq.

  • Ashby & Geddes, P.A.

    500 Delaware Avenue, 8th Floor
    PO Box 1150
    Wilmington, DE   19899-1150
    http://www.ashby-geddes.com
    Phone: 302.654.1888
    Fax: 302.654.2067

    William P. Bowden, Esq.
    Gregory A. Taylor, Esq.

Media Contacts

  • The Abernathy MacGregor Group

    707 Wilshire Boulevard, Suite 3950
    Los Angeles, CA   90017
    Phone: 213.630.6550
    Fax: 213.489.3443

    Rivian Bell

United States Trustee and Court Information

Debtors

Case Number Debtor Name Petition Date
Case Number 15-11357 Debtor Name Molycorp, Inc. Petition Date June 25, 2015
Case Number 15-11358 Debtor Name Industrial Minerals, LLC - separately administered under case number 15-11371 Petition Date June 25, 2015
Case Number 15-11374 Debtor Name Neo International Corp. Petition Date June 25, 2015
Case Number 15-11360 Debtor Name Magnequench International, Inc. Petition Date June 25, 2015
Case Number 15-11359 Debtor Name Magnequench Inc. Petition Date June 25, 2015
Case Number 15-11361 Debtor Name Magnequench Limited Petition Date June 25, 2015
Case Number 15-11363 Debtor Name MCP Callco ULC Petition Date June 25, 2015
Case Number 15-11364 Debtor Name MCP Canada Holdings ULC Petition Date June 25, 2015
Case Number 15-11365 Debtor Name MCP Canada Limited Partnership Petition Date June 25, 2015
Case Number 15-11366 Debtor Name MCP Exchangeco Inc. Petition Date June 25, 2015
Case Number 15-11362 Debtor Name Molycorp Advanced Water Technologies, LLC - separately administered under case number 15-11371 Petition Date June 25, 2015
Case Number 15-11367 Debtor Name Molycorp Chemicals & Oxides, Inc. Petition Date June 25, 2015
Case Number 15-11368 Debtor Name Molycorp Luxembourg Holdings S.a r.l. Petition Date June 25, 2015
Case Number 15-11369 Debtor Name Molycorp Metals & Alloys, Inc. Petition Date June 25, 2015
Case Number 15-11370 Debtor Name Molycorp Minerals Canada ULC Petition Date June 25, 2015
Case Number 15-11371 Debtor Name Molycorp Minerals, LLC - separately administered under case number 15-11371 Petition Date June 25, 2015
Case Number 15-11373 Debtor Name Molycorp Rare Metals (Utah), Inc. Petition Date June 25, 2015
Case Number 15-11372 Debtor Name Molycorp Rare Metals Holdings, Inc. Petition Date June 25, 2015
Case Number 15-11376 Debtor Name PP IV Mountain Pass II, Inc. - separately administered under case number 15-11371 Petition Date June 25, 2015
Case Number 15-11375 Debtor Name PP IV Mountain Pass Inc. - separately administered under case number 15-11371 Petition Date June 25, 2015
Case Number 15-11377 Debtor Name RCF IV Speedwagon Inc. - separately administered under case number 15-11371 Petition Date June 25, 2015