Molycorp (MCPIQ) 8-K Regulation FD Disclosure

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
	Reporting Period: February 2016

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	March 31, 2016
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.

1

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.

2

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-1	Reporting Period: February 2016

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	$	48		—		—		—		—		—		—	—	—		—	—		—	—	—
Rare Metals	—			—		—		220		—		—		—	—	—		—	—		—	—	—
Magnetic Materials & Alloys	—			1,663		396		—		—		—		—	—	—		—	—		—	—	—
Chemicals & Oxides	—			—		—		—		—		2,433		—	—	—		—	—		—	—	—
Other receipts	9			55		—		45		51		1		—	—	—		—	—		—	—	—
Total Operating Cash Receipts	57			1,718		396		265		51		2,434		—	—	—		—	—		—	—	—
Cash Disbursements
Payroll	(856		)	(197	)	(393	)	(54	)	(365	)	(64	)	—	—	(36	)	—	(12	)	—	—	—
Contract labor	(72		)	(66	)	—		—		—		—		—	—	—		—	—		—	—	—
Raw material payments	—			(99	)	—		(256	)	—		—		—	—	—		—	—		—	—	—
Reagents & chemicals	—			(4	)	—		—		(26	)	—		—	—	—		—	—		—	—	—
Transportation & shipping	(15		)	(11	)	—		(24	)	—		—		—	—	—		—	—		—	—	—
Other production costs	(44		)	—		(39	)	(4	)	(60	)	—		—	—	—		—	—		—	—	—
Repairs & maintenance (non-CapEx)	(47		)	—		—		(1	)	(2	)	—		—	—	—		—	—		—	—	—
Professional fees	(1,158		)	(18	)	—		—		—		—		—	—	—		—	—		—	—	—
Rent and operating leases	(26		)	(8	)	—		—		(31	)	—		—	—	—		—	—		—	—	—
Taxes	(251		)	—		—		—		—		—		—	—	—		—	—		—	—	—
Insurance	(485		)	(26	)	—		—		—		—		—	—	—		—	—		—	—	—
Utilities	(85		)	—		(2	)	(4	)	(14	)	—		—	—	—		—	—		—	—	—
Other disbursements	(24		)	(9	)	—		(1	)	(154	)	(136	)	—	—	(10	)	—	(47	)	—	—	—

3

Total Operating Cash Disbursements	(3,063		)	(439		)	(434		)	(344		)	(652		)	(199		)	—			—		(46		)	—		(59		)	—		—		—
Net Cash Flow - Operating	(3,006		)	1,279			(38		)	(79		)	(601		)	2,235			—			—		(46		)	—		(59		)	—		—		—
Intercompany
Net intercompany - operating	3,200			(1,044		)	—			(50		)	262			(1,626		)	(3,199		)	—		—			—		1,571			—		—		—
Net intercompany - debt & equity	—			—			—			—			1,748			—			4			—		250			—		(2,000		)	—		—		—
Net investment & JV funding	—			—			—			—			—			—			—			—		—			—		—			—		—		—
Net Intercompany	3,200			(1,044		)	—			(50		)	2,010			(1,626		)	(3,195		)	—		250			—		(429		)	—		—		—
Non-Operating Activity
Cash Receipts	—			—			—			—			—			—			—			—		—			—		—			—		—		—
3rd-party loan proceeds	—			—			—			—			—			—			—			—		—			—		—			—		—		—
Total Non-Operating Cash Receipts	—			—			—			—			—			—			—			—		—			—		—			—		—		—
Cash Disbursements
Interest	—			—			—			—			—			—			—			—		—			—		—			—		—		—
Capital expenditures	—			—			—			(4		)	—			—			—			—		—			—		—			—		—		—
Capital lease & other	—			—			—			—			—			—			—			—		—			—		—			—		—		—
Reorganization professional fees	—			—			—			—			—			—			(3,054		)	—		—			—		—			—		—		—
Total Non-Operating Cash Disbursements	—			—			—			(4		)	—			—			(3,054		)	—		—			—		—			—		—		—
Net Cash Flow - Non-Operating	—			—			—			(4		)	—			—			(3,054		)	—		—			—		—			—		—		—
Total Net Increase (Decrease) in Cash	$	194		$	234		$	(38	)	$	(133	)	$	1,409		$	609		$	(6,249	)	$	—	$	204		$	—	$	(488	)	—		—		—
Beginning Cash Balance - Book	$	200		$	13,694		$	1,508		$	3,573		$	1,652		$	19,677		$	52,176		$	148	$	65		$	976	$	5,690		$	10	$	6	$	5
Total cash receipts	57			1,718			396			265			51			2,434			—			—		—			—		—			—		—		—
Total cash disbursements	(3,063		)	(439		)	(434		)	(348		)	(652		)	(199		)	(3,054		)	—		(46		)	—		(59		)	—		—		—
Net intercompany	3,200			(1,044		)	—			(50		)	2,010			(1,626		)	(3,195		)	—		250			—		(429		)	—		—		—
Ending Cash Balance - Book - Debtors	$	394		$	13,928		$	1,470		$	3,440		$	3,062		$	20,285		$	45,927		$	148	$	269		$	976	$	5,202		$	10	$	6	$	5

4

DISBURSEMENTS SOLELY FOR PURPOSE OF CALCULATING U.S. TRUSTEE QUARTERLY FEES:
Total Cash Disbursements (Excluding Reorg Pro Fees)	(3,063	)	(5,846	)	(434	)	(664	)	(678	)	(5,742	)	—	—	(46	)	—	(3,041	)	—	—	—
Allocated - Reorganization Professional Fees	(479	)	(915	)	(68	)	(104	)	(106	)	(899	)	—	—	(7	)	—	(476	)	—	—	—
Total Disbursements for Calculating U.S. Trustee Quarterly Fees	(3,542	)	(6,760	)	(502	)	(768	)	(784	)	(6,641	)	—	—	(53	)	—	(3,517	)	—	—	—

5

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-1	Reporting Period: February 2016

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	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	48
Rare Metals	—		—		—		—		—		—		—		220
Magnetic Materials & Alloys	—		—		—		—		—		—		—		2,059
Chemicals & Oxides	—		—		—		—		—		—		—		2,433
Other receipts	—		—		—		—		—		—		—		162
Total Operating Cash Receipts	—		—		—		—		—		—		—		4,921
Cash Disbursements
Payroll	—		—		—		—		—		—		—		(1,976		)
Contract labor	—		—		—		—		—		—		—		(138		)
Raw material payments	—		—		—		—		—		—		—		(355		)
Reagents & chemicals	—		—		—		—		—		—		—		(30		)
Transportation & shipping	—		—		—		—		—		—		—		(50		)
Other production costs	—		—		—		—		—		—		—		(146		)
Repairs & maintenance (non-CapEx)	—		—		—		—		—		—		—		(50		)
Professional fees	—		—		—		—		—		—		—		(1,176		)
Rent and operating leases	—		—		—		—		—		—		—		(66		)
Taxes	—		—		—		—		—		—		—		(251		)
Insurance	—		—		—		—		—		—		—		(511		)
Utilities	—		—		—		—		—		—		—		(105		)
Other disbursements	—		—		—		—		—		—		—		(381		)
Total Operating Cash Disbursements	—		—		—		—		—		—		—		(5,235		)

6

Net Cash Flow - Operating	—		—		—		—		—		—		—		(314		)
Intercompany
Net intercompany - operating	—		—		—		—		—		—		—		(888		)
Net intercompany - debt & equity	—		—		—		—		—		—		—		2
Net investment & JV funding	—		—		—		—		—		—		—		—
Net Intercompany	—		—		—		—		—		—		—		(885		)
Non-Operating Activity
Cash Receipts	—		—		—		—		—		—		—		—
3rd-party loan proceeds	—		—		—		—		—		—		—		—
Total Non-Operating Cash Receipts	—		—		—		—		—		—		—		—
Cash Disbursements
Interest	—		—		—		—		—		—		—		—
Capital expenditures	—		—		—		—		—		—		—		(4		)
Capital lease & other	—		—		—		—		—		—		—		—
Reorganization professional fees	—		—		—		—		—		—		—		(3,054		)
Total Non-Operating Cash Disbursements	—		—		—		—		—		—		—		(3,058		)
Net Cash Flow - Non-Operating	—		—		—		—		—		—		—		(3,058		)
Total Net Increase (Decrease) in Cash	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	(4,257	)
Beginning Cash Balance - Book	$	—	$	—	$	5	$	—	$	—	$	—	$	5	$	99,390
Total cash receipts	—		—		—		—		—		—		—		4,921
Total cash disbursements	—		—		—		—		—		—		—		(8,293		)
Net intercompany	—		—		—		—		—		—		—		(885		)
Ending Cash Balance - Book - Debtors	$	—	$	—	$	5	$	—	$	—	$	—	$	5	$	95,132
DISBURSEMENTS SOLELY FOR PURPOSE OF CALCULATING U.S. TRUSTEE QUARTERLY FEES:
Total Cash Disbursements (Excluding Reorg Pro Fees)	—		—		—		—		—		—		—		(19,514		)
Allocated - Reorganization Professional Fees	—		—		—		—		—		—		—		(3,054		)
Total Disbursements for Calculating U.S. Trustee Quarterly Fees	—		—		—		—		—		—		—		(22,568		)

7

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-1a	Reporting Period: February 2016

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	—			—			5,326.11			—			—			—			—			—
	USD or USD equivalent	$	701,283.84		$	5,063.04		$	3,933.61		$	4,001,196.03		$	40,614.00		$	38,299,600.68		$	250,000.00		$	1,758,093.09
BANK BALANCE		29-Feb-16		701,283.84	29-Feb-16		5,063.04	29-Feb-16		5,326.11	29-Feb-16		4,001,196.03	29-Feb-16		40,614.00	29-Feb-16		38,299,600.68	29-Feb-16		250,000.00	29-Feb-16		1,758,093.09
(+) DEPOSITS IN TRANSIT (ATTACH LIST)				—			—			—			—			—			—			—			—
(-) OUTSTANDING CHECKS (ATTACH LIST)				—			—			—			—			—			—			—			—
OTHER (ATTACH EXPLANATION)				—			—			—			—			—			—			—			—
ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*										5,326.11
ADJUSTED BANK BALANCE IN USD *				701,283.84			5,063.04			3,933.61			4,001,196.03			40,614.00			38,299,600.68			250,000.00			1,758,093.09
* 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

8

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					—			—			4,332,037.00			991,515.00			—			30,510.93			—
	USD or USD equivalent	$	13,892,199.42			$	103,246.47		$	1,007.40		$	38,442.07		$	8,798.61		$	128,011.61		$	15,255.47		$	5,000.00
BANK BALANCE		29-Feb-16		13,936,427.14		29-Feb-16		103,246.47	29-Feb-16		1,007.40	29-Feb-16		4,332,037.00	29-Feb-16		991,515.00	29-Feb-16		128,011.61	29-Feb-16		30,510.93	29-Feb-16		5,000.00
(+) DEPOSITS IN TRANSIT (ATTACH LIST)				—				—			—			—			—			—			—			—
(-) OUTSTANDING CHECKS (ATTACH LIST)				(44,227.72	)			—			—			—			—			—			—			—
OTHER (ATTACH EXPLANATION)				—				—			—			—			—			—			—			—
ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*														4,332,037.00			991,515.00						30,510.93
ADJUSTED BANK BALANCE IN USD *				13,892,199.42				103,246.47			1,007.40			38,442.07			8,798.61			128,011.61			15,255.47			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
		168295		18,037.00
		168307		16,742.06
		168309		824.46
		168310		105.33
		168312		3,095.00
		168313		141.10
		168314		2,500.00
		168316		217.71
		168317		220.62
		168318		226.83
		168319		2,117.61
OTHER		Explanation		Amount		Explanation		Amount	Explanation		Amount	Explanation		Amount	Explanation		Amount	Explanation		Amount	Explanation		Amount	Explanation		Amount

9

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		$	108,735.38		$	5,093,127.43		$	5,960.00		$	20,424,006.79			$	16,185.00
BANK BALANCE		29-Feb-16		4,867.03	29-Feb-16		—	29-Feb-16		5,000.00	29-Feb-16		5,000.00	29-Feb-16		108,735.38	29-Feb-16		5,093,127.43	29-Feb-16		5,960.00	29-Feb-16		20,397,971.46		29-Feb-16		16,185.00
(+) DEPOSITS IN TRANSIT (ATTACH LIST)				—			—			—			—			—			—			—			103,851.42				—
(-) OUTSTANDING CHECKS (ATTACH LIST)				—			—			—			—			—			—			—			(77,816.09	)			—
OTHER (ATTACH EXPLANATION)				—			—			—			—			—			—			—			—				—
ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*							—
ADJUSTED BANK BALANCE IN USD *				4,867.03			—			5,000.00			5,000.00			108,735.38			5,093,127.43			5,960.00			20,424,006.79				16,185.00
* 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		Date		Amount
																							29-Feb-16		103,851.42
CHECKS OUTSTANDING		Ck. #		Amount	Ck. #		Amount	Ck. #		Amount	Ck. #		Amount	Ck. #		Amount	Ck. #		Amount	Ck. #		Amount	Ck. #		Amount		Ck. #		Amount
																							5160		3,118.00
																							5161		534.15
																							5162		51,488.52
																							5163		8,977.89
																							5164		208.36
																							5165		8,900.53
																							5166		2,250.00
																							5167		2,338.64
OTHER		Explanation		Amount	Explanation		Amount	Explanation		Amount	Explanation		Amount	Explanation		Amount	Explanation		Amount	Explanation		Amount	Explanation		Amount		Explanation		Amount

10

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	—			—				—			461,043.63										200,030.26								999,999.99
	USD or USD equivalent	$	9,990.91		$	1,808,745.78			$	—		$	340,504.88			$	7,296.00		$	1,579,728.97		$	147,732.84			$	59,326.03			$	738,552.43
BANK BALANCE		29-Feb-16		9,990.91	29-Feb-16		1,819,901.81		29-Feb-16		—	29-Feb-16		522,704.53		29-Feb-16		7,296.00	29-Feb-16		1,579,728.97	29-Feb-16		234,302.06		29-Feb-16		60,070.15		29-Feb-16		999,999.99
(+) DEPOSITS IN TRANSIT (ATTACH LIST)				—			—				—			—				—			—			—				—				—
(-) OUTSTANDING CHECKS (ATTACH LIST)				—			(11,156.03	)			—			(61,660.90	)			—			—			(34,271.80	)			(744.12	)			—
OTHER (ATTACH EXPLANATION)				—			—				—			—				—			—			—				—				—
ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*											—			461,043.63										200,030.26								999,999.99
ADJUSTED BANK BALANCE IN USD *				9,990.91			1,808,745.78				—			340,504.88				7,296.00			1,579,728.97			147,732.84				59,326.03				738,552.43
* 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
					2322		75.00					17641		660.75								18257		543.02		1292		744.12
					2323		22.38					17663		131.36								18258		971.66
					2324		1,079.69					17660		1,337.26								18259		5,422.80
					2325		1,454.17					17672		11,335.78								18260		158.08
					2326		583.80					17673		12,745.33								18261		8,438.28
					2327		36.92					17674		11,315.28								18262		51.42
					2328		111.92					17675		4,686.75								18263		5,855.39
					2329		375.00					17671		3,018.32								18264		1,859.67
					2330		689.01					17676		16,430.07								18265		2,908.32
					2331		3,132.53															18266		282.50
					2332		3,595.61															18267		339.00
																						18268		988.08

11

18269

271.20

18270

1,172.44

18271

9.94

18272

5,000.00

OTHER

Explanation

Amount

Explanation

Amount

Explanation

Amount

Explanation

Amount

Explanation

Amount

Explanation

Amount

Explanation

Amount

Explanation

Amount

Explanation

Amount

12

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	—				146,268.84			—			—			—				18,426.44				—				—				107,084.67
	USD or USD equivalent	$	496,220.79			$	159,039.73		$	4,000.00		$	976,165.69		$	3,420,553.73			$	9,213.23			$	6,134.11			$	234,220.00			$	16,343.81
BANK BALANCE		29-Feb-16		15,533.00		29-Feb-16		146,268.84	29-Feb-16		4,000.00	29-Feb-16		976,165.69	29-Feb-16		3,469,827.19		29-Feb-16		18,426.44		29-Feb-16		$	6,134.11	29-Feb-16		$	234,220.00	29-Feb-16		107,084.67
(+) DEPOSITS IN TRANSIT (ATTACH LIST)				729,520.02				—			—			—			—				—				—				—				—
(-) OUTSTANDING CHECKS (ATTACH LIST)				(252,373.01	)			—			—			—			(49,273.46	)			—				—				—				—
OTHER (ATTACH EXPLANATION)				3,540.78				—			—			—			—				—				—				—				—
ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*								146,268.84													18,426.44												107,084.67
ADJUSTED BANK BALANCE IN USD *				496,220.79				159,039.73			4,000.00			976,165.69			3,420,553.73				$	9,213.23			$	6,134.11			$	234,220.00			$	16,343.81
* 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
															31303		127.80
															13160		22,521.80
															31372		100.00
															31407		9,400.50
															31410		918.29
															31413		4,449.05
															31414		9,306.61
															31415		379.23
															31416		1,458.06
															31417		366.60

13

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 statementsthat 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/.

14

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-1b	Reporting Period: February 2016

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	Jun 25-Jul 31, 2015	477,065.56		Molycorp Minerals LLC	WT00001614 $250,000; WT000001999 $250,000; WT00002076 $500,000;	9/2/2015	439,278.40	37,787.16
AlixPartners	Aug 1-Aug 31, 2015	294,738.89		Molycorp Minerals LLC	WT00001614 $250,000; WT000001999 $250,000; WT00002076 $500,000;	11/4/2015	270,934.40	23,804.49
AlixPartners	Sep 1-Sep 30, 2015	289,578.48		Molycorp Inc.	WT000002631 $104,350.23	12/14/2015	269,260.40	20,318.08
AlixPartners	Oct 1-Oct 31, 2015	357,100.33		Molycorp Inc.	WT000002689	1/4/2016	318,692.40	38,407.93
AlixPartners	Jun 25-Sep 30,2015 (payment of holdback)	244,868.3		Molycorp Inc.	WT000002825	2/24/2016	244,868.30
AlixPartners **	Jun 25-Sep 30,2015 (reimbursement of expenses)	(1,835.61	)	Molycorp Inc.	WT000002825	2/24/2016		(1,835.61	)	1,543,033.90	118,482.05
Ashby & Geddes	Jul 9-Jul 31, 2015	110,677.72		Molycorp Inc.	WT000002469	10/22/2015	103,089.20	7,588.52
Ashby & Geddes	Aug 1-Aug 31, 2015	64,754.91		Molycorp Inc.	WT000002565	11/24/2015	59,218.46	5,536.45
Ashby & Geddes	Sep 1-Sep 30, 2015	59,366.25		Molycorp Inc.	WT000002629	12/14/2015	53,824.00	5,542.25
Ashby & Geddes	Oct 1-Oct 31,2015	46,021.33		Molycorp Inc.	WT000002764	2/3/2016	43,215.45	2,805.88
Ashby & Geddes	Nov 1-Nov 30,2015	74,733.79		Molycorp Inc.	WT000002804	2/3/2016	71,506.23	3,227.56
Ashby & Geddes	Jul 9-Sep 30,2015 (payment of holdback)	54,033.19		Molycorp Inc.	WT000002804	2/3/2016	54,033.19
Ashby & Geddes **	Jul 9-Sep 30,2015 (reimbursement of expense)	(720.80	)	Molycorp Inc.	WT000002804	2/3/2016		(720.80	)	384,886.53	23,979.86
Berkeley Research Group LLC	Jul 8-Jul 31, 2015	297,078.46		Molycorp Inc.	WT000002472	10/22/2015	296,427.96	650.50
Berkeley Research Group LLC	Sep 1-Sep 30, 2015	364,098.49		Molycorp Inc.	WT000002687	12/31/2015	363,869.35	229.14
Berkeley Research Group LLC	Aug 1-Aug 31, 2015	378,311.46		Molycorp Inc.	WT000002701	1/7/2016	378,173.01	138.45
Berkeley Research Group LLC	Jul 8-Sep 30, 2015 (payment of holdback)	216,955.68		Molycorp Inc.	WT000002782	2/12/2016	216,955.68			1,255,426.00	1,018.09

15

Direct Fee Review, LLC	Sep 8-Sep 30, 2015	1,584		Molycorp Inc.	WT000002613	12/9/2015	1,584.00	—		1,584.00	—
Jones Day	Jun 25-Jul 31, 2015	1,793,066.19		Molycorp Inc.	WT 000002464	10/20/2015	1,336,777.62	27,881.07
Jones Day	Aug 1-Aug 31, 2015	666,584.38		Molycorp Inc.	WT000002532	11/17/2015	643,644.20	22,940.18
Jones Day	Sep 1-Sep 30, 2015	874,940.26		Molycorp Inc.	WT000002669	12/22/2015	866,431.60	8,508.66
Jones Day	Oct 1-Oct 31,2015	1,034,081.96		Molycorp Inc.	WT000002726	1/20/2016	1,023,985.00	10,096.96
Jones Day	Jun 25-Sep 30,2015 (payment of holdback)	813,280.58		Molycorp Inc.	WT000002779	2/11/2016	813,280.58			4,684,119.00	69,426.87
KPMG	Jun 25-Jul 31, 2015	242,674.72		Molycorp Minerals LLC	11834	11/10/2015	209,889.08	32,785.64
KPMG	Aug 1-Sep 30, 2015	800,120.85		Molycorp Minerals LLC	WT000002682	12/22/2015	763,775.60	36,345.25
KPMG	Jun 25-Sep 30,2015 (payment of holdback)	251,664.52		Molycorp Minerals LLC	WT000002767	2/3/2016	251,664.52
KPMG	Oct 1-Oct 31, 2015	591,575.66		Molycorp Minerals LLC	WT000002767	2/3/2016	573,964.86	17,610.80		1,799,294.06	86,741.69
Miller Buckfire	Jun 25-Jul 31, 2015	141,976.5		Molycorp Inc.	WT000002340	9/3/2015	140,000.00	1,976.50
Miller Buckfire	Jun 25-Jul 31, 2015	1,083,333.34		Molycorp Inc.	WT000002383	9/17/2015	1,083,333.34
Miller Buckfire	Aug 1-Aug 31, 2015	369,606.18		Molycorp Inc.
Miller Buckfire *	Sep 1-Sep 30, 2015	174,953.61		Molycorp Inc.	WT000002588	12/3/2015	9,166.67	353,978.94
Miller Buckfire	Oct 1-Oct 31, 2015	147,925.52		Molycorp Inc.	WT000002801	2/18/2016	140,000.00	7,925.52
Miller Buckfire	Nov 1-Nov 30, 2015	160,252.23		Molycorp Inc.	WT000002811	2/23/2016	140,000.00	20,252.23
Miller Buckfire	Jun 25-Sep 30,2015 (payment of holdback)	308,125		Molycorp Inc.	WT000002811	2/23/2016	308,125.00
Miller Buckfire **	Jun 25-Sep 30,2015 (reimbursement of expenses)	(3,286.93	)	Molycorp Inc.	WT000002811	2/23/2016		(5,486.37	)	1,820,625.01	378,646.82
Paul Hastings LLP	Jul 8-Jul 31, 2015	989,152.08		Molycorp Inc.	WT000002470	10/22/2015	968,948.00	20,204.08
Paul Hastings LLP	Aug 1-Aug 31, 2015	878,655.81		Molycorp Inc.	WT000002566	11/24/2015	858,962.80	19,693.01
Paul Hastings LLP	Sep 1-Sep 30, 2015	436,962.04		Molycorp Inc.	WT000002630	12/14/2015	416,629.69	20,332.35
Paul Hastings LLP	Jul 8-Sep 30, 2015 (payment of holdback)	554,830.32		Molycorp Inc.	WT000002759	1/29/2016	554,830.32			2,799,370.81	60,229.44
PJT Advisory Partners LP	Jul 8-Sep 30, 2015	312,903.22		Molycorp Inc.	WT000002678	12/22/2015	312,903.22	—		312,903.22	—
Prime Clerk (156c services)	Jun 25 - Jun 30, 2015	163,722.84		Molycorp Minerals LLC	WT000002248	7/24/2015	11,334.00	152,338.84
Prime Clerk (156c services)	Jul 1-Jul 31, 2015	222,699.93		Molycorp Inc.	WT000002339	9/3/2015	46,009.00	176,690.93
Prime Clerk (327a services)	Jun 25-Jul 31, 2015	2,468.4		Molycorp Inc.	WT000002304	9/28/2015	2,468.40	—
Prime Clerk (156c services)	Aug 1-Aug 31, 2015	161,588.4		Molycorp Inc.	WT000002428	10/6/2015	26,017.00	135,571.40

16

Prime Clerk (156c services)	Sep 1-Sep 30, 2015	107,697.33	Molycorp Inc.	WT000002488	10/26/2015	37,050.50	70,646.83
Prime Clerk (156c services)	Oct 1-Oct 31, 2015	62,965.75	Molycorp Inc.	WT000002612	12/9/2015	54,381.50	8,584.25
Prime Clerk (327a services)	Aug 1-Sep 30, 2015	23,219.2	Molycorp Inc.	WT000002677	12/22/2015	23,219.20	—
Prime Clerk (156c services)	Nov 1-Nov 30, 2015	118,279.02	Molycorp Inc.	WT000002665	12/1/2015	23,494.00	94,785.02
Prime Clerk (156c services)	Dec 1-Dec 31, 2015	29,078.46	Molycorp Inc.	WT000002762	2/5/2016	19,656.66	9,421.80
Prime Clerk (327a services)	Jun 25 - Sep 30, 2015 (payment of holdback)	6,421.9	Molycorp Inc.	WT000002832	2/26/2016	6,421.90
Prime Clerk (327a services)	Oct 1-Oct 31, 2015	1,602	Molycorp Inc.	WT000002832	2/26/2016	1,602.00
Prime Clerk (327a services)	Nov 1-Nov 30, 2015	1,164.8	Molycorp Inc.	WT000002832	2/26/2016	1,164.80
Prime Clerk (156c services)	Jan 1-Jan 31, 2016	162,870.98	Molycorp Inc.	WT000002832	2/26/2016	52,356.30	110,514.68	305,175.26	758,553.75
Young Conway Stargatt & Taylor LLP	Jun 25-Jul 31, 2015	294,881.54	Molycorp Inc.	WT000002403	9/28/2015	276,154.00	18,727.54
Young Conway Stargatt & Taylor LLP	Aug 1-Aug 31, 2015	67,198.48	Molycorp Minerals LLC	WT000002101	11/9/2015	57,076.80	10,121.68
Young Conway Stargatt & Taylor LLP	Sep 1-Sep 30, 2015	73,965.47	Molycorp Inc.	WT000002610	12/9/2015	71,355.20	2,610.27
Young Conway Stargatt & Taylor LLP	Oct1-Oct 31, 2015	89,118.35	Molycorp Minerals LLC	WT000002102	1/7/2016	83,664.00	5,454.35
Young Conway Stargatt & Taylor LLP	Nov1-Nov 30, 2015	94,623.45	Molycorp Inc.	WT000002770	2/4/2016	92,892.40	1,731.05
Young Conway Stargatt & Taylor LLP	Jun 25-Sep 30, 2015(payment of holdback)	100,845.91	Molycorp Inc.	WT000002770	2/4/2016	100,845.91		681,988.31	38,644.89
* Miller Buckfire applied the Debtors’ unintentional overpayment of $175,901.68 on its first fee application to the August and September fees and expenses after the filing of the applicable certificates of no objection;
** Reflects a reduction of expenses allowed under the first interim fee application to expense amounts previously paid under the interim compensation order. Difference was netted against fees due and owing.

17

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-2	Reporting Period: February 2016

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	$	—		—		$	—	—	$	—	—	2,865,031		21,563,831	—		—
Sales to related parties	—			—		—		—	—		—	2,437,434		33,378,370	—		—
Total Revenue	—			—		—		—	—		—	5,302,465		54,942,201	—		—
Costs of sales
Costs excluding depreciation and amortization	—			—		—		—	—		—	4,893,427		49,064,103	—		—
Depreciation and amortization	—			—		—		—	—		—	8,319		66,547	—		—
Gross profit (loss)	—			—		—		—	—		—	400,719		5,811,551	—		—
Expenses
General & Administrative	869			11,434		—		—	—		—	178,662		1,646,259	48		457
Sales & Marketing	—			—		—		—	—		—	68,109		721,914	—		—
Insiders Compensation	—			—		—		—	—		—	37,148		324,788	—		—
Care and Maintenance	—			—		—		—	—		—	—		—	—		—
Depreciation and amortization	—			—		—		—	—		—	160,468		1,295,250	—		—
- Accretion expense	—			—		—		—	—		—	—		—	—		—
Research and development	—			—		—		—	—		—	—		—	—		—
Revision in estimated ARO cash flows	—			—		—		—	—		—	—		—	—		—
Goodwill impairment & long lived assets	—			—		—		—	—		—	—		—	—		—
Total expenses	869			11,434		—		—	—		—	444,387		3,988,211	48		457
Operating income (loss)	(869		)	(11,434	)	—		—	—		—	(43,668	)	1,823,340	(48	)	(457	)

18

Other Income (expense) (attached schedule)	—			(1	)	—		—	—			—		(840	)	15,282		—		—
Interest income (expense), net	374,560			(2,796,320	)	—		—	(608,043		)	(5,341,085	)	358,783		3,086,364		—		—
Reorganization items, net (attached schedule)	(6,756,783		)	(142,968,668	)	—		—	—			(30,329,811	)	—		—		—		—
Foreign exchange gain (loss)	10,591,809			(29,518,617	)	—		—	—			—		4,152		3,747		—		—
Income/(loss) before taxes and non-controlling interest	4,208,717			(175,295,040	)	—		—	(608,043		)	(35,670,896	)	318,427		4,928,733		(48	)	(457	)
Income taxes expense (benefit)	18,764			55,209		—		—	—			—		(47,459	)	(6,652	)	97,746		1,194,497
Income/(loss) from continuing operations before equity income of affiliate	4,189,953			(175,350,249	)	—		—	(608,043		)	(35,670,896	)	365,886		4,935,385		(97,794	)	(1,194,954	)
Equity in loss (income) of affiliates	—			—		—		—	6,220			468,699		—		—		—		—
Income/(loss) from continuing operations	4,189,953			(175,350,249	)	—		—	(614,263		)	(36,139,595	)	365,886		4,935,385		(97,794	)	(1,194,954	)
Earnings/(loss) for the period	$	4,189,953		(175,350,249	)	$	—	—	$	(614,263	)	(36,139,595	)	365,886		4,935,385		(97,794	)	(1,194,954	)

19

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	—		—		—		—	—		—	3,377,773		34,203,801	—			—
Total Revenue	—		—		—		—	—		—	3,377,773		34,203,801	—			—
Costs of sales
Costs excluding depreciation and amortization	—		—		—		—	—		—	2,988,384		31,820,693	—			—
Depreciation and amortization	—		—		—		—	—		—	—		—	—			—
Gross profit (loss)	—		—		—		—	—		—	389,389		2,383,108	—			—
Expenses
General & Administrative	—		43		—		—	—		—	123,569		1,163,053	3,441			5,508
Sales & Marketing	—		—		—		—	—		—	—		—	—			—
Insiders Compensation	—		—		—		—	—		—	—		—	—			—
Care and Maintenance	—		—		—		—	—		—	—		—	—			—
Depreciation and amortization	—		—		—		—	—		—	—		—	—			—
- Accretion expense	—		—		—		—	—		—	—		—	—			—
Research and development	—		—		—		—	—		—	—		—	—			—
Revision in estimated ARO cash flows	—		—		—		—	—		—	—		—	—			—
Goodwill impairment & long lived assets	—		—		—		—	—		—	—		—	—			—
Total expenses	—		43		—		—	—		—	123,569		1,163,053	3,441			5,508
Operating income (loss)	—		(43	)	—		—	—		—	265,820		1,220,055	(3,441		)	(5,508	)
Other Income (expense) (attached schedule)	—		—		—		—	—		—	—		—	—			—
Interest income (expense), net	—		—		—		—	—		—	—		—	(2,341,441		)	(19,803,825	)
Reorganization items, net (attached schedule)	—		—		—		—	—		—	—		—	—			—
Foreign exchange gain (loss)	—		—		—		—	—		—	24,520		24,520	(9,194,340		)	26,143,404
Income/(loss) before taxes and non-controlling interest	—		(43	)	—		—	—		—	290,340		1,244,575	(11,539,222		)	6,334,071
Income taxes expense (benefit)	—		—		—		—	—		—	—		—	—			—
Income/(loss) from continuing operations before equity income of affiliate	—		(43	)	—		—	—		—	290,340		1,244,575	(11,539,222		)	6,334,071
Equity in loss (income) of affiliates	—		—		—		—	—		—	—		—	—			—
Income/(loss) from continuing operations	—		(43	)	—		—	—		—	290,340		1,244,575	(11,539,222		)	6,334,071
Earnings/(loss) for the period	$	—	(43	)	$	—	—	$	—	—	$	290,340	1,244,575	$	(11,539,222	)	6,334,071

20

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	$	2,377,261		22,436,522	$	—	—		$	—		3,082,894		$	—		38,134		$	159,471		2,581,456
Sales to related parties	2,895,012			36,982,365	—		—		—			698,274		2,431			1,524,314		—			8,078,290
Total Revenue	5,272,273			59,418,887	—		—		—			3,781,168		2,431			1,562,448		159,471			10,659,746
Costs of sales
Costs excluding depreciation and amortization	5,551,658			56,611,000	—		—		—			4,436,732		(16,150		)	1,857,593		93,994			39,521,564
Depreciation and amortization	—			—	—		—		—			172,734		23,466			197,310		—			30,351,407
Gross profit (loss)	(279,385		)	2,807,887	—		—		—			(828,298	)	(4,885		)	(492,455	)	65,477			(59,213,225	)
Expenses
General & Administrative	21,139			419,302	—		202		—			45,938		538,990			5,277,845		1,694,999			15,878,421
Sales & Marketing	20,879			226,629	—		—		—			—		28,065			291,069		36,103			128,024
Insiders Compensation	29,376			250,650	—		—		—			—		70,109			751,284		88,938			1,020,069
Care and Maintenance	—			—	—		—		137,320			251,664		—			—		1,465,892			6,610,120
Depreciation and amortization	—			—	—		—		28,003			56,005		15,327			135,477		7,214,255			27,154,062
- Accretion expense	—			—	—		—		—			—		—			—		74,627			1,226,748
Research and development	123,184			1,126,713	—		—		—			—		60,990			527,845		7,796			183,823
Revision in estimated ARO cash flows	—			—	—		—		—			—		—			—		—			(4,041,690	)
Goodwill impairment & long lived assets	—			—	—		—		—			—		—			—		—			—
Total expenses	194,578			2,023,294	—		202		165,323			353,607		713,481			6,983,520		10,582,610			48,159,577
Operating income (loss)	(473,963		)	784,593	—		(202	)	(165,323		)	(1,181,905	)	(718,366		)	(7,475,975	)	(10,517,133		)	(107,372,802	)
Other Income (expense) (attached schedule)	—			—	—		—		108			518		—			115,905		1,957			43,483
Interest income (expense), net	1,301			8,140	—		—		—			—		(356,095		)	(2,765,633	)	(1,973,242		)	(17,178,907	)
Reorganization items, net (attached schedule)	—			—	—		—		(291,800		)	(291,800	)	(10,746		)	(38,588	)	(101,431		)	(76,273,100	)
Foreign exchange gain (loss)	111,392			219,135	—		—		—			—		(1,503,930		)	3,746,186		620			(33,745	)
Income/(loss) before taxes and non-controlling interest	(361,270		)	1,011,868	—		(202	)	(457,015		)	(1,473,187	)	(2,589,137		)	(6,418,105	)	(12,589,229		)	(200,815,071	)
Income taxes expense (benefit)	—			36,692	—		—		—			—		17,643			284,755		—			162,794
Income/(loss) from continuing operations before equity income of affiliate	(361,270		)	975,176	—		(202	)	(457,015		)	(1,473,187	)	(2,606,780		)	(6,702,860	)	(12,589,229		)	(200,977,865	)
Equity in loss (income) of affiliates	—			—	—		—		—			—		—			—		—			—
Income/(loss) from continuing operations	(361,270		)	975,176	—		(202	)	(457,015		)	(1,473,187	)	(2,606,780		)	(6,702,860	)	(12,589,229		)	(200,977,865	)
Earnings/(loss) for the period	$	(361,270	)	975,176	$	—	(202	)	$	(457,015	)	(1,473,187	)	$	(2,606,780	)	(6,702,860	)	$	(12,589,229	)	(200,977,865	)

21

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	$	—	—		$	107,037		3,721,491		$	—		—		$	—	—	$	—	—
Sales to related parties	—		—		1,553			1,235,959		—			—		—		—	—		—
Total Revenue	—		—		108,590			4,957,450		—			—		—		—	—		—
Costs of sales
Costs excluding depreciation and amortization	—		—		82,698			5,861,813		—			—		—		—	—		—
Depreciation and amortization	—		—		15,785			131,977		—			—		—		—	—		—
Gross profit (loss)	—		—		10,107			(1,036,340	)	—			—		—		—	—		—
Expenses
General & Administrative	—		10,687		27,766			281,433		63,202			539,939		—		—	—		—
Sales & Marketing	—		—		2,846			51,992		—			2,936		—		—	—		—
Insiders Compensation	—		—		—			—		—			—		—		—	—		—
Care and Maintenance	—		—		—			—		—			—		—		—	—		—
Depreciation and amortization	—		—		1,493			12,475		3,551			28,408		—		—	—		—
- Accretion expense	—		—		—			—		—			—		—		—	—		—
Research and development	—		—		—			—		—			—		—		—	—		—
Revision in estimated ARO cash flows	—		—		—			—		—			—		—		—	—		—
Goodwill impairment & long lived assets	—		—		—			6,917		—			—		—		—	—		—
Total expenses	—		10,687		32,105			352,817		66,753			571,283		—		—	—		—
Operating income (loss)	—		(10,687	)	(21,998		)	(1,389,157	)	(66,753		)	(571,283	)	—		—	—		—
Other Income (expense) (attached schedule)	—		920,000		—			—		—			—		—		—	—		—
Interest income (expense), net	66		337		226			1,948		—			46		—		—	—		—
Reorganization items, net (attached schedule)	—		—		—			—		—			—		—		—	—		—
Foreign exchange gain (loss)	—		—		4,943			7,917		157,583			(946,478	)	—		—	—		—
Income/(loss) before taxes and non-controlling interest	66		909,650		(16,829		)	(1,379,292	)	90,830			(1,517,715	)	—		—	—		—
Income taxes expense (benefit)	—		—		—			—		60,207			597,817		—		—	—		—
Income/(loss) from continuing operations before equity income of affiliate	66		909,650		(16,829		)	(1,379,292	)	30,623			(2,115,532	)	—		—	—		—
Equity in loss (income) of affiliates	—		—		—			—		—			—		—		—	—		—
Income/(loss) from continuing operations	66		909,650		(16,829		)	(1,379,292	)	30,623			(2,115,532	)	—		—	—		—
Earnings/(loss) for the period	$	66	909,650		$	(16,829	)	(1,379,292	)	$	30,623		(2,115,532	)	$	—	—	$	—	—

22

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	$	—	—	$	—		—		$	5,508,800		53,424,328
Sales to related parties	—		—	(3,380,204		)	(45,050,066	)	5,333,999			71,051,307
Total Revenue	—		—	(3,380,204		)	(45,050,066	)	10,842,799			124,475,635
Costs of sales
Costs excluding depreciation and amortization	—		—	(3,305,406		)	(45,276,868	)	10,288,605			143,896,630
Depreciation and amortization	—		—	—			—		47,570			30,919,975
Gross profit (loss)	—		—	(74,797		)	226,802		506,625			(50,340,970	)
Expenses
General & Administrative	—		—	—			—		2,652,685			25,280,521
Sales & Marketing	—		—	—			—		156,002			1,422,564
Insiders Compensation	—		—	—			—		225,571			2,346,791
Care and Maintenance	—		—	—			—		1,603,212			6,861,784
Depreciation and amortization	—		—	—			—		7,423,097			28,681,677
- Accretion expense	—		—	—			—		74,627			1,226,748
Research and development	—		—	—			—		191,970			1,838,381
Revision in estimated ARO cash flows	—		—	—			—		—			(4,041,690	)
Goodwill impairment & long lived assets	—		—	—			—		—			6,917
Total expenses	—		—	—			—		12,327,164			63,623,693
Operating income (loss)	—		—	(74,797		)	226,802		(11,820,539		)	(113,964,663	)
Other Income (expense) (attached schedule)	—		—	—			—		1,225			1,095,187
Interest income (expense), net	—		—	—			—		(4,543,885		)	(44,788,935	)
Reorganization items, net (attached schedule)	—		—	—			—		(7,160,760		)	(249,901,967	)
Foreign exchange gain (loss)	—		—	—			—		196,749			(353,931	)
Income/(loss) before taxes and non-controlling interest	—		—	(74,797		)	226,802		(23,327,210		)	(407,914,309	)
Income taxes expense (benefit)	—		—	—			—		146,901			2,325,112
Income/(loss) from continuing operations before equity income of affiliate	—		—	(74,797		)	226,802		(23,474,111		)	(410,239,421	)
Equity in loss (income) of affiliates	—		—	—			—		6,220			468,699
Income/(loss) from continuing operations	—		—	(74,797		)	226,802		(23,480,331		)	(410,708,120	)
Earnings/(loss) for the period	$	—	—	$	(74,797	)	226,802		$	(23,480,331	)	(410,708,120	)

23

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	108		518
Molycorp Minerals Canada ULC	15-11370	Gain on fixed asset sale	—		810
		Refund - insurance	—		2,993
		Dividend Income	—		65,725
		Other Income	—		46,377
			—		115,905
Molycorp Minerals, LLC	15-11371	Other income /(expense)	917		42,293
		Gain on disposal	1,040		1,190
			1,957		43,483
Molycorp Rare Metals Holdings, Inc.	15-11372	Dividend income	—		920,000
Magnequench International, Inc.	15-11360	Other Income /(expense)	(840	)	15,282
Molycorp Inc.	15-11357	Other Income /(expense)	—		(1	)
		Total Combined	1,225		1,095,187
		Other Reorganization Expenses
Molycorp Inc.	15-11357	Legal and other professional fees	6,756,783		49,612,029
		Adjustments to the carrying amount of debt	—		78,665,658
		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	—		17,779,875
		Total	6,756,783		142,968,668
Magnequench Inc.	15-11359	Write-off of discount and deferred financing cost on Term Loans	—		9,065,118
		Early Payment Premium on Term Loans	—		21,264,693
		Total	—		30,329,811

24

Molycorp Metals & Alloys, Inc.	15-11369	Severance expense	291,800	291,800
Molycorp Minerals Canada ULC	15-11370	Legal and other professional fees	10,746	38,588
Molycorp Minerals, LLC	15-11371	Early payment premium on term loans	—	49,754,504
		Adjustments to the carrying amount of debt	—	19,547,684
		Trustee fees	16,940	268,715
		Severance expense	84,491	5,026,291
		Capital equipment lease cancellation	—	1,675,906
		Total	101,431	76,273,100
		Total Combined	7,160,760	249,901,967
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.

25

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-3	Reporting Period: February 2016

Notes to MOR-3, Balance Sheet

Unless otherwise indicated, the value of the assets contained in MOR-3 are book values as of February 29, 2016. 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 February 29, 2016
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	$	4,752,092	$	—	$	—	$	14,043,841	$	148,267	$	4,867	$	5,000	$	5,000	$	5,201,863	$	5,960	$	20,440,192	$	9,991	$	1,809,346	$	2,877,116	$	659,261	$	976,166
Restricted cash	38,299,601		—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Trade accounts receivable	—		—		—		2,854,406		—		—		—		—		—		—		3,720,616		—		882,401		—		276,907		—
Inventories	—		—		—		3,685,677		—		—		—		—		1,596,103		—		5,181,979		—		1,232,202		704,410		24,307,884		—
Income tax receivable	467,290		—		—		—		88,061		—		—		—		—		—		—		—		—		—		—		—
Defer tax assets	—		—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Other current assets (attached schedule)	1,077,288		—		—		—		5,591		—		—		—		6,825		—		6,950		—		37,332		179,178		7,814,066		—
Total current assets	44,596,271		—		—		20,583,924		241,919		4,867		5,000		5,000		6,804,791		5,960		29,349,737		9,991		3,961,281		3,760,704		33,058,118		976,166
Fixed Assets
- Real Property & Improvement	—		—		—		100,000		—		—		—		—		—		—		—		—		2,154,116		1,510,345		1,059,721,703		—

26

- Machinery & Equipment	—	—	—	1,528,573		—	—	—	—	—	—	—		—	2,803,444		3,934,430		612,774,627		—
- 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	—	—	—	344,734		—	—	—	—	—	—	—		—	—		4,992		9,303,178		—
less: accumulated depreciation	—	—	—	(7,233,551	)	—	—	—	—	—	—	(84,275	)	—	(1,575,264	)	(3,995,706	)	(240,890,790	)	—
Property, plant and equipment	—	—	—	2,161,679		—	—	—	—	—	—	—		—	3,480,948		2,788,636		1,476,745,473		—
Deposits	2,008,093	—	—	—		—	—	—	—	—	—	—		—	—		—		34,663,774		—
Inventories	—	—	—	—		—	—	—	—	—	—	—		—	—		—		23,245,806		—
Patents and other intangible assets	—	—	—	28,734,607		—	—	—	—	—	—	—		—	—		300,286		300,245		—
Investment (attached schedule)	543,915,594	20,000	162,152,779	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		—	—	—	—	—	—	—		—	—		—		618,090		—
Loan to Insiders	—	—	—	—		—	—	—	—	—	—	—		—	—		—		—		—
Related Party Receivable	2,995,792,667	478	49,018,010	110,426,419		11,524,961	—	—	—	19,648,197	45,174,996	13,428,888		15,799	2,200,002		27,340,246		38,777,712		1,800,000
Total non current assets	3,541,716,354	20,478	211,170,789	158,434,949		13,558,237	—	—	—	1,211,973,637	729,350,436	13,428,888		364,165,799	5,680,950		62,240,737		1,715,774,247		24,719,589
Total assets	3,586,312,625	20,478	211,170,789	179,018,873		13,800,156	4,867	5,000	5,000	1,218,778,428	729,356,396	42,778,625		364,175,790	9,642,231		66,001,441		1,748,832,365		25,695,755
LIABILITIES AND SHAREHOLDERS' EQUITY
Current
Trade accounts payable	984,644	—	—	14,127		—	—	—	—	1,233	—	15,076		—	349		43,978		1,175,523		—
DIP Financing	141,397,957	—	—	—		—	—	—	—	—	—	—		—	—		—		—		—
Accrued expenses	24,288,202	—	—	435,298		—	—	—	—	18,771	—	1,449,345		—	242,588		1,601,276		7,861,367		—
Interest payable	—	—	—	—		—	—	—	—	—	—	—		—	—		—		—		—
Income taxes payable	—	—	—	276,862		—	—	—	—	—	—	—		—	—		569,575		—		—
Capital lease	—	—	—	—		—	—	—	—	—	—	—		—	—		—		—		—
Asset retirement obligation	—	—	—	—		—	—	—	—	—	—	—		—	—		—		4,259,193		—
Total current liabilities	166,670,803	—	—	726,287		—	—	—	—	20,004	—	1,464,421		—	242,937		2,214,829		13,296,083		—

27

Capital lease	—		—	—	—		—	—		—	—		—	—		—	—		—		—		—		—
Asset retirement obligation	—		—	—	—		—	—		—	—		—	—		—	—		—		—		10,904,812		—
Defer tax liabilities	5,772,000		—	—	380,910		1,971,589	—		—	—		—	—		—	—		—		1,333,071		—		—
Pension benefit liabilities	—		—	—	2,777,018		—	—		—	—		—	—		—	—		—		—		—		—
Other Long-term liabilities	—		—	—	—		—	—		—	—		—	—		—	—		—		—		1,424,195		—
Amount due to Insiders	—		—	—	—		—	—		—	—		—	—		—	—		—		—		—		—
Related party payable	692,533		—	495,019	966,405		—	—		5,000	5,000		5,977,459	22,575,940		13,052,470	—		18,054		7,194,901		82,199,813		—
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	337,700,852		17,383,339	364,287,300		216,330		57,503,813		2,262,323,872		—
Liabilities subject to compromise - Third party	1,512,929,313		—	87,146,498	10,019		—	—		—	—		6,054	—		18,820	—		32,659		1,858,139		234,385,290		—
Total non-current liabilities	1,590,435,200		20,378	90,980,690	25,507,432		2,190,651	5,000		5,000	12,750		18,387,027	360,276,792		30,454,629	364,287,300		267,043		67,889,924		2,591,237,982		—
Total liabilities	1,757,106,003		20,378	90,980,690	26,233,719		2,190,651	5,000		5,000	12,750		18,407,031	360,276,792		31,919,050	364,287,300		509,980		70,104,753		2,604,534,065		—
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	2,250,858,086		—	40,027,833	148,368,181		389,376	—		—	—		—	401,063,759		226,313	—		17,521,567		(4,095,431	)	132,576,089		—
Accumulated deficits	(421,910,418	)	—	80,128,478	4,930,267		6,599,129	(133	)	—	(7,750	)	516,195,956	(42,239,900	)	10,631,762	(131,510	)	(8,389,316	)	(275,182,464	)	(988,277,789	)	3,232,005
Accum Other Comprehensive Income	—		—	—	(534,850	)	—	—		—	—		—	—		—	—		—		—		—		—
Shareholders' equity	1,829,206,622		100	120,190,099	152,785,154		11,609,505	(133	)	—	(7,750	)	1,200,371,397	369,079,604		10,859,575	(111,510	)	9,132,251		(4,103,312	)	(855,701,700	)	25,695,755
Total liabilities and shareholders' equity	3,586,312,625		20,478	211,170,789	179,018,873		13,800,156	4,867		5,000	5,000		1,218,778,428	729,356,396		42,778,625	364,175,790		9,642,231		66,001,441		1,748,832,365		25,695,755

28

COMBINED DEBTORS' BALANCE SHEET
Continuation Sheet for MOR-3
As at February 29, 2016
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	$	3,421,660		$	275,197	$	—	$	—	$	—	$	—	$	54,635,819
Restricted cash	—			—		—		—		—		—		38,299,601
Trade accounts receivable	250,886			—		—		—		—		—		7,985,216
Inventories	3,918,222			—		—		—		—		226,802		40,853,279
Income tax receivable	—			—		—		—		—		—		555,351
Defer tax assets	—			—		—		—		—		—		—
Other current assets (attached schedule)	544,940			5,683		—		—		—		—		9,677,853
Total current assets	8,135,708			280,880		—		—		—		226,802		152,007,119
Fixed Assets
- Real Property & Improvement	1,021,865			—		—		—		—		—		1,064,508,029
- Machinery & Equipment	1,057,283			—		—		—		—		—		622,098,357
- Furniture & Office Equipment	45,006			—		—		—		—		—		17,844,541
- Vehicle	—			—		—		—		—		—		2,437,401
- Minerals Resource	—			—		—		—		—		—		24,539,244
- Construction in Process	8,248			—		—		—		—		—		9,661,152
less: accumulated depreciation	(1,422,008		)	—		—		—		—		—		(255,201,594		)
Property, plant and equipment	710,394			—		—		—		—		—		1,485,887,130
Deposits	—			—		—		—		—		—		36,671,867
Inventories	—			—		—		—		—		—		23,245,806
Patents and other intangible assets	—			480,689		—		—		—		—		29,815,827

29

Investment (attached schedule)	—	28,535,255	—	—	—	(2,977,166,065	)	213,363,208
Other assets (attached schedule)	—	—	—	—	—	—		663,150
Loan to Insiders	—	—	—	—	—	—		—
Related Party Receivable	439,733	46,473,168	—	—	—	(3,236,848,808	)	125,212,468
Total non current assets	1,150,127	75,489,112	—	—	—	(6,214,014,874	)	1,914,859,455
Total assets	9,285,835	75,769,992	—	—	—	(6,213,788,072	)	2,066,866,574
LIABILITIES AND SHAREHOLDERS' EQUITY
Current
Trade accounts payable	10,072	—	—	—	—	—		2,245,002
DIP Financing	—	—	—	—	—	—		141,397,957
Accrued expenses	301,608	112,792	—	—	—	—		36,311,247
Interest payable	—	—	—	—	—	—		—
Income taxes payable	—	—	—	—	—	—		846,437
Capital lease	—	—	—	—	—	—		—
Asset retirement obligation	—	—	—	—	—	—		4,259,193
Total current liabilities	311,680	112,792	—	—	—	—		185,059,836
Capital lease	—	—	—	—	—	—		—
Asset retirement obligation	—	—	—	—	—	—		10,904,812
Defer tax liabilities	—	1,607,228	—	—	—	—		11,064,798
Pension benefit liabilities	—	—	—	—	—	—		2,777,018
Other Long-term liabilities	—	—	—	—	—	—		1,424,195
Amount due to Insiders	—	—	—	—	—	—		—
Related party payable	4,492	554,546	—	—	—	(113,847,813	)	19,893,819
Liabilities subject to compromise - Related party	38,381	149,196	—	—	—	(3,123,000,996	)	25,011,398
Liabilities subject to compromise - Third party	50,347	793,099	—	—	—	—		1,837,230,238
Total non-current liabilities	93,220	3,104,069	—	—	—	(3,236,848,809	)	1,908,306,278

30

Total liabilities	404,900		3,216,861	—	—	—	(3,236,848,809	)	2,093,366,114
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	)	2,250,858,085
Accumulated deficits	(5,669,065	)	52,875,451	—	—	—	(1,209,866,433	)	(2,277,081,730	)
Accum Other Comprehensive Income	—		—	—	—	—	—		(534,850	)
Shareholders' equity	8,880,935		72,553,131	—	—	—	(2,976,939,263	)	(26,499,540	)
Total liabilities and shareholders' equity	9,285,835		75,769,992	—	—	—	(6,213,788,072	)	2,066,866,574

31

Continuation Sheet for MOR-3
				BOOK VALUE AS AT
Debtor	Case No.		ASSETS	February 29, 2016
		Other Current Assets
Molycorp Inc.	15-11357		Retainer fee paid to Jones Day	75,000
			Retainer fee paid to Young Conway	25,000
			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	2,288
			Retainer fee paid to Mile 26	300,000
			Total	1,077,288
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	6,825
Molycorp Chemicals & Oxides, Inc.	15-11367		Misc receivables - Other	6,950
Molycorp Metals & Alloys, Inc.	15-11369		Refundable deposits to utility company	37,332
Molycorp Minerals Canada ULC (Toronto)	15-11370		GST/VAT recoverable	21,857
			Prepayment on rent and consulting	132,653
			Prepaid Insurance	13,868
			HST Recoverable	10,725
			Misc receivable	75
			Total	179,178
Molycorp Minerals, LLC	15-11371		Prepaid and deferred charges	4,694,829
			Prepaid insurance	3,119,237
			Total	7,814,066
Molycorp Rare Metals (Utah), Inc.	15-11373		Prepaid Others	17,748
			Prepaid - Pots Expense	21,817
			Prepaid - Heaters Expense	14,396
			Prepaid - Propane Expense	10,576

32

			Prepaid - Package Expense	16,324
			Prepaid Duty	441,588
			Misc Receivable - Beijing Jiya	22,491
			Total	544,940
Neo International Corp.	15-11374		Prepayment for professional fee	5,000
			GST/VAT recoverable	683
			Total	5,683
			Combined Debtor Total Other Current Assets	9,677,853
		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%)	5,072,821
			Magnequench Neo Powders Pte. Ltd. (100%)	116,421
			Magnequench International Inc. (100%)	136,035,957
			Magnequench UG (100%)	20,927,580
			Total	162,152,779
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

33

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
			Industrial 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	3,190,529,273
		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	618,090
			Combined Debtor Total Other Assets	663,150
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.

34

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-4	Reporting Period: February 2016

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	—	29,557	29,557	Various	EFT	—
FICA-Employee	—	15,372	15,372	Various	EFT	—
FICA-Employer	—	15,372	15,372	Various	EFT	—
Unemployment	3,258	224	—			3,482
Income	—	—	—			—
Other: Fed Medical Ins	—	7,190	7,190	Various	EFT	—
Total Federal Taxes	3,258	67,715	67,491			3,482
State and Local
Withholding	—	10,516	10,516	Various	EFT	—
Sales & Use AZ location only	1,696,254	47	—	Various	EFT	1,696,301
Excise	—	—	—	—	—	—
Unemployment	21,601	4,199	2,219	Various	EFT	23,581
Real Property	508,746	508,746	—	—	—	1,017,492
Personal Property	—	—	—	—	—	—
Other: Property taxes for land and machinery	5,600	5,600	—	—	—	11,200
Total State and Local	2,232,201	529,108	12,735			2,748,574
Total Taxes	2,235,459	596,823	80,226			2,752,056
SUMMARY OF UNPAID POSTPETITION DEBTS
Number of Days Past Due
	Current	0-30	31-60	61-90	Over 90	Total
Accounts Payable	1,243,677	536,331	171,599	107,260	186,135	2,245,002
Wages Payable	318,881	—	—	—	—	318,881
Taxes Payable	76,003	—	—	—	—	76,003

35

Rent/Leases-Building	—	—	—	—	—	—
Rent/Leases-Equipment	—	—	—	—	—	—
Secured Debt/Adequate Protection Payments	—	—	—	—	—	—
Professional Fees	—	—	—	—	—	—
Amounts Due to Insiders*	—	—	—	—	—	—
Other: DIP Financing	141,397,957	—	—	—	—	141,397,957
Total Postpetition Debts	143,036,518	536,331	171,599	107,260	186,135	144,037,843
Explain how and when the Debtor intends to pay any past-due postpetition debts.
0-30	536,331	$533,216 of this amount represents 20% holdback. The remaining balance of $3,115 was paid in March 2016.
31-60	171,599	$128,290 of this amount represents 20% holdback. $43,096 is awaiting approval while $213 was paid in March 2016.
61-90	107,260	This amount represents 20% holdback.
Over 90	186,135	$157,140 of this amount represents 20% holdback and deferred payment, $9,163 needs approval while the remaining balance of $19,832 is on hold.
	1,001,325	Total Past Due Accounts Payable
*"Insider" is defined in 11 U.S.C. Section 101(31).

36

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-4	Reporting Period: February 2016

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	201,325	389,485	128,290	107,260	158,285	984,645
Industrial Minerals, LLC	15-11358	—	—	—	—	—	—
Magnequench Inc.	15-11359	—	—	—	—	—	—
Magnequench International, Inc.	15-11360	9,295	—	—	—	4,832	14,127
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	—	—	1,233	—	—	1,233
MCP Exchangeco Inc.	15-11366	—	—	—	—	—	—
Molycorp Chemicals & Oxides, Inc.	15-11367	11,961	3,115	—	—	—	15,076
Molycorp Luxembourg Holdings S.a.r.l	15-11368	—	—	—	—	—	—
Molycorp Metals & Alloys, Inc.	15-11369	349	—	—	—	—	349
Molycorp Minerals Canada ULC (Toronto)	15-11370	14,216	—	213	—	15,000	29,429
Molycorp Minerals Canada ULC (Peterborough)	15-11370	14,549	—	—	—	—	14,549
Molycorp Minerals, LLC	15-11371	981,910	143,731	41,863	—	8,018	1,175,522
Molycorp Rare Metals Holdings, Inc.	15-11372	—	—	—	—	—	—
Molycorp Rare Metals (Utah), Inc.	15-11373	10,072	—	—	—	—	10,072
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		1,243,677	536,331	171,599	107,260	186,135	2,245,002

37

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-5	Reporting Period: February 2016

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			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		7,973,362		—	—		—	1,883,984		—	—		—	—	—	—
+ Amounts billed during the period		5,661,188		—	—		—	2,863,721		—	—		—	—	—	—
- Amounts collected during the period		(5,656,958	)	—	—		—	(1,893,298	)	—	—		—	—	—	—
+/- Revaluation of Foreign Currency Receivable		—		—	—		—	—		—	—		—	—	—	—
+/- AR adjustments		7,624		—	—		—	—		—	—		—	—	—	—
Total Accounts Receivable at the end of the reporting period		7,985,216		—	—		—	2,854,406		—	—		—	—	—
Accounts Receivable Aging																—
0 - 30 days old		7,878,119		—	—		—	2,849,927		—	—		—	—	—	—
31 - 60 days old		108,103		—	—		—	4,479		—	—		—	—	—	—
61 - 90 days old		—		—	—		—	—		—	—		—	—	—	—
91+ days old		2,498,994		—	—		—	—		—	—		—	—	—	—
Total Accounts Receivable		10,485,216		—	—		—	2,854,406		—	—		—	—	—	—
Amount considered uncollectible (Bad Debt)		(2,500,000	)	—	—		—	—		—	—		—	—	—	—
Accounts Receivable (Net)		7,985,216		—	—		—	2,854,406		—	—		—	—	—	—
	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		3,919,280		—	1,627,553			179,169		—	363,377		—	—	—	—
+ Amounts billed during the period		2,516,559		—	—			159,471		—	121,437		—	—	—	—
- Amounts collected during the period		(2,722,846	)	—	(745,152	)		(61,732	)	—	(233,929	)	—	—	—	—
+/- Revaluation of Foreign Currency Receivable		—		—	—		—	—		—	—		—	—	—	—

38

+/- AR adjustments	7,624		—	—	—	—		—	—	—	—	—	—
Total Accounts Receivable at the end of the reporting period	3,720,616		—	882,401	—	276,908			250,885	—	—	—	—
Accounts Receivable Aging								—
0 - 30 days old	3,720,652		—	882,401	—	174,253		—	250,885	—	—	—	—
31 - 60 days old	864		—	—	—	102,760		—	—	—	—	—	—
61 - 90 days old	—		—	—	—	—		—	—	—	—	—	—
91+ days old	(900	)	—	—	—	2,499,894		—	—	—	—	—	—
Total Accounts Receivable	3,720,616		—	882,401	—	2,776,908		—	250,885	—	—	—	—
Amount considered uncollectible (Bad Debt)	—		—	—	—	(2,500,000	)	—	—	—	—	—	—
Accounts Receivable (Net)	3,720,616		—	882,401	—	276,908		—	250,885	—	—	—	—

39

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-5	Reporting Period: February 2016

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	2,849,928	4,479	—	—		—		2,854,407
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	3,720,652	864.00	—	(900	)			3,720,616
Molycorp Luxembourg Holdings S.a.r.l	15-11368	—	—	—	—		—		—
Molycorp Metals & Alloys, Inc.	15-11369	882,401	—	—	—				882,401
Molycorp Minerals Canada ULC (Toronto)	15-11370	—	—	—	—		—		—
Molycorp Minerals Canada ULC (Peterborough)	15-11370	—	—	—	—		—		—
Molycorp Minerals, LLC	15-11371	174,253	102,760	—	2,499,894		(2,500,000	)	276,907
Molycorp Rare Metals Holdings, Inc.	15-11372	—	—	—	—				—
Molycorp Rare Metals (Utah), Inc.	15-11373	250,885	—	—	—				250,885
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		7,878,119	108,103	—	2,498,994		(2,500,000	)	7,985,216

40

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors	Case No. 15-11357 (CSS)
MOR-5	Reporting Period: February 2016

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.

41