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UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors1
Case No. 15-11357 (CSS)
 
Reporting Period: March 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
 
April 28, 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
 
 
 
 
 
 
 
1  For the entirety of the period subject to this report (March 2016), 21 bankruptcy cases were jointly administered together through Case No. 15-11357 (CSS). For this reason, these 21 Debtors’ March monthly operating reports are presented together, as in past months.
 
 
 
 
 
 
* 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: March 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
$
239

—

—

—

—

—

—

—

—

—

—

—

—

—

Rare Metals
—

—

—

257

—

—

—

—

—

—

—

—

—

—

Magnetic Materials & Alloys
—

2,564

1,233

—

—

—

—

—

—

—

—

—

—

—

Chemicals & Oxides
—

—

—

—

—

3,205

—

—

—

—

—

—

—

—

Other receipts
23

—

—

39

25

12

—

1

—

—

1

—

—

—

Total Operating Cash Receipts
262

2,564

1,233

295

25

3,218

—

1

—

—

1

—

—

—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash Disbursements
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payroll
(5,401
)
(510
)
(266
)
(115
)
(1,059
)
(358
)
—

—

(90
)
—

(34
)
—

—

—

Contract labor
(207
)
—

—

—

—

—

—

—

—

—

—

—

—

—

Raw material payments
—

—

—

(136
)
—

—

—

—

—

—

—

—

—

—

Reagents & chemicals
—

(42
)
—

—

(17
)
—

—

—

—

—

—

—

—

—

Transportation & shipping
(24
)
(8
)
—

(1
)
—

—

—

—

—

—

—

—

—

—

Other production costs
(58
)
—

(91
)
(7
)
(44
)
—

—

—

—

—

—

—

—

—

Repairs & maintenance (non-CapEx)
(44
)
—

—

(2
)
(7
)
—

—

—

—

—

—

—

—

—

Professional fees
(1,640
)
(8
)
—

—

—

—

(66
)
—

—

—

—

—

—

—

Rent and operating leases
—

(5
)
—

—

(65
)
—

—

—

—

—

—

—

—

—

Taxes
—

—

—

—

—

—

—

—

—

—

—

—

—

—

Insurance
(810
)
(19
)
—

—

—

—

(165
)
—

—

—

—

—

—

—

Utilities
(119
)
—

—

(4
)
(21
)
—

—

—

—

—

—

—

—

—

Other disbursements
(80
)
(16
)
(94
)
(7
)
(279
)
(211
)
—

—

(36
)
—

(2
)
—

—

—


3


Total Operating Cash Disbursements
(8,382
)
(607
)
(451
)
(273
)
(1,492
)
(568
)
(231
)
—

(126
)
—

(36
)
—

—

—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Cash Flow - Operating
(8,120
)
1,957

782

23

(1,468
)
2,649

(231
)
1

(126
)
—

(34
)
—

—

—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Intercompany
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net intercompany - operating
10,500

(1,353
)
—

(297
)
282

(7,216
)
(10,344
)
—

—

—

2,368

—

—

—

Net intercompany - debt & equity
—

(1,073
)
—

—

(12
)
—

1,073

—

—

—

—

—

—

—

Net investment & JV funding
—

—

—

—

—

—

—

—

—

—

—

—

—

—

Net Intercompany
10,500

(2,426
)
—

(297
)
271

(7,216
)
(9,271
)
—

—

—

2,368

—

—

—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-Operating Activity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash Receipts
—

—

—

—

—

—

—

—

—

—

—

—

—

—

3rd-party loan proceeds
—

—

—

—

—

—

—

—

—

—

—

—

—

—

Asset sales & other receipts
—

—

—

—

—

—

—

—

—

—

—

—

—

—

Total Non-Operating Cash Receipts
—

—

—

—

—

—

—

—

—

—

—

—

—

—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash Disbursements
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3rd-party loan repayments
(2,635
)
—

—

—

—

—

—

—

—

—

—

—

—

—

Interest
—

—

—

—

—

—

(3,196
)
—

—

—

—

—

—

—

Capital expenditures
(31
)
—

—

—

—

—

—

—

—

—

—

—

—

—

Capital lease & other
—

—

—

—

—

—

—

—

—

—

—

—

—

—

Reorganization professional fees
—

—

—

—

—

—

(5,765
)
—

—

—

—

—

—

—

Total Non-Operating Cash Disbursements
(2,666
)
—

—

—

—

—

(8,961
)
—

—

—

—

—

—

—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Cash Flow - Non-Operating
(2,666
)
—

—

—

—

—

(8,961
)
—

—

—

—

—

—

—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Net Increase (Decrease) in Cash
$
(286
)
$
(468
)
$
782

$
(274
)
$
(1,197
)
$
(4,566
)
$
(18,463
)
$
1

$
(126
)
$
—

$
2,334

—

—

—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Cash Balance - Book
$
584

$
13,928

$
1,470

$
3,440

$
3,062

$
20,285

$
45,927

$
148

$
269

$
976

$
5,202

$
10

$
6

$
5

Total cash receipts
262

2,564

1,233

295

25

3,218

—

1

—

—

1

—

—

—

Total cash disbursements
(11,048
)
(607
)
(451
)
(273
)
(1,492
)
(568
)
(9,192
)
—

(126
)
—

(36
)
—

—

—

Net intercompany
10,500

(2,426
)
—

(297
)
271

(7,216
)
(9,271
)
—

—

—

2,368

—

—

—

Ending Cash Balance - Book - Debtors
$
298

$
13,460

$
2,252

$
3,166

$
1,865

$
15,719

$
27,464

$
149

$
143

$
976

$
7,536

$
10

$
6

$
5


4


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
DISBURSEMENTS SOLELY FOR PURPOSE OF CALCULATING U.S. TRUSTEE QUARTERLY FEES:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Cash Disbursements (Excluding Reorg Pro Fees)
(11,048
)
(6,013
)
(451
)
(589
)
(1,519
)
(6,111
)
(3,427
)
—

(126
)
—

(3,018
)
—

—

—

Allocated - Reorganization Professional Fees
(1,972
)
(1,073
)
(80
)
(105
)
(271
)
(1,091
)
(612
)
—

(22
)
—

(539
)
—

—

—

Total Disbursements for Calculating U.S. Trustee Quarterly Fees
(13,020
)
(7,086
)
(531
)
(695
)
(1,790
)
(7,202
)
(4,039
)
—

(148
)
—

(3,557
)
—

—

—



















5


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

$
—

$
—

$
—

$
—

$
—

$
—

$
239

Rare Metals
—

—

—

—

—

—

—

257

Magnetic Materials & Alloys
—

—

—

—

—

—

—

3,797

Chemicals & Oxides
—

—

—

—

—

—

—

3,205

Other receipts
—

—

—

—

—

—

—

101

Total Operating Cash Receipts
—

—

—

—

—

—

—

7,599

 
 
 
 
 
 
 
 
 
Cash Disbursements
 
 
 
 
 
 
 
 
Payroll
—

—

—

—

—

—

—

(7,832
)
Contract labor
—

—

—

—

—

—

—

(207
)
Raw material payments
—

—

—

—

—

—

—

(136
)
Reagents & chemicals
—

—

—

—

—

—

—

(59
)
Transportation & shipping
—

—

—

—

—

—

—

(34
)
Other production costs
—

—

—

—

—

—

—

(200
)
Repairs & maintenance (non-CapEx)
—

—

—

—

—

—

—

(53
)
Professional fees
—

—

—

—

—

—

—

(1,714
)
Rent and operating leases
—

—

—

—

—

—

—

(70
)
Taxes
—

—

—

—

—

—

—

—

Insurance
—

—

—

—

—

—

—

(994
)
Utilities
—

—

—

—

—

—

—

(144
)
Other disbursements
—

—

—

—

—

—

—

(724
)
Total Operating Cash Disbursements
—

—

—

—

—

—

—

(12,166
)
 
 
 
 
 
 
 
 
 

6


Net Cash Flow - Operating
—

—

—

—

—

—

—

(4,567
)
 
 
 
 
 
 
 
 
 
Intercompany
 
 
 
 
 
 
 
 
Net intercompany - operating
—

—

—

—

—

—

—

(6,059
)
Net intercompany - debt & equity
—

—

—

—

—

—

—

(11
)
Net investment & JV funding
—

—

—

—

—

—

—

—

Net Intercompany
—

—

—

—

—

—

—

(6,071
)
 
 
 
 
 
 
 
 
 
Non-Operating Activity
 
 
 
 
 
 
 
 
Cash Receipts
—

—

—

—

—

—

—

—

3rd-party loan proceeds
—

—

—

—

—

—

—

—

Asset sales & other receipts
—

—

—

—

—

—

—

—

Total Non-Operating Cash Receipts
—

—

—

—

—

—

—

—

 
 
 
 
 
 
 
 
 
Cash Disbursements
 
 
 
 
 
 
 
 
3rd-party loan repayments
—

—

—

—

—

—

—

(2,635
)
Interest
—

—

—

—

—

—

—

(3,196
)
Capital expenditures
—

—

—

—

—

—

—

(31
)
Capital lease & other
—

—

—

—

—

—

—

—

Reorganization professional fees
—

—

—

—

—

—

—

(5,765
)
Total Non-Operating Cash Disbursements
—

—

—

—

—

—

—

(11,627
)
 
 
 
 
 
 
 
 
 
Net Cash Flow - Non-Operating
—

—

—

—

—

—

—

(11,627
)
 
 
 
 
 
 
 
 
 
Total Net Increase (Decrease) in Cash
$
—

$
—

$
—

$
—

$
—

$
—

$
—

$
(22,264
)
 
 
 
 
 
 
 
 
 
Beginning Cash Balance - Book
$
—

$
—

$
5

$
—

$
—

$
—

$
5

$
95,321

Total cash receipts
—

—

—

—

—

—

—

7,599

Total cash disbursements
—

—

—

—

—

—

—

(23,793
)
Net intercompany
—

—

—

—

—

—

—

(6,071
)
Ending Cash Balance - Book - Debtors
$
—

$
—

$
5

$
—

$
—

$
—

$
5

$
73,057

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
DISBURSEMENTS SOLELY FOR PURPOSE OF CALCULATING U.S. TRUSTEE QUARTERLY FEES:
 
 
 
 
 
 
 
 
Total Cash Disbursements (Excluding Reorg Pro Fees)
—

—

—

—

—

—

—

(32,303
)
Allocated - Reorganization Professional Fees
—

—

—

—

—

—

—

(5,765
)
Total Disbursements for Calculating U.S. Trustee Quarterly Fees
—

—

—

—

—

—

—

(38,068
)





7


UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors
Case No. 15-11357 (CSS)
MOR-1a
Reporting Period: March 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
 
—
 
—
 
5,260.36
 
—
 
—
 
—
 
—
 
—
 
 
USD or USD equivalent
 
$
1,086,070.07
 
$
5,063.04
 
$
4,045.19
 
$
7,001,455.74
 
$
40,614.00
 
$
18,299,600.68
 
$
250,000.00
 
$
1,758,242.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BANK BALANCE
 
 
31-Mar-16
1,086,070.07

31-Mar-16
5,063.04

31-Mar-16
5,260.36

31-Mar-16
7,001,455.74

31-Mar-16
40,614.00

31-Mar-16
18,299,600.68

31-Mar-16
250,000.00

31-Mar-16
1,758,242

(+) DEPOSITS IN TRANSIT (ATTACH LIST)
 
 
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

(-) OUTSTANDING CHECKS (ATTACH LIST)
 
 
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

OTHER (ATTACH EXPLANATION)
 
 
 
 
 
—

 
—

 
 
 
—

 
—

 
—

 
—

ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*
 
 
 
 
 
 
 
5,260.36

 
 
 
 
 
 
 
 
 
 
ADJUSTED BANK BALANCE IN USD *
 
 
 
1,086,070.07

 
5,063.04

 
4,045.19

 
7,001,455.74

 
40,614.00

 
18,299,600.68

 
250,000.00

 
1,758,242

* 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
 
 
—
 
—
 
                            5,749,271.00
 
                            841,555.00
 
 
—
 
                           32,328.84
 
—
 
 
USD or USD equivalent
 
$
13,209,858.87
 
$
103,246.47
 
$
1,007.40
 
$
51,072.85
 
$
7,475.84
 
 
$
127,976.56
 
$
16,164.42
 
$
5,000.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BANK BALANCE
 
 
31-Mar-16
13,219,204.04

31-Mar-16
103,246.47

31-Mar-16
1,007.40

31-Mar-16
5,749,271.00

31-Mar-16
841,555.00

 
31-Mar-16
127,976.56

31-Mar-16
32,328.84

31-Mar-16
5,000.00

(+) DEPOSITS IN TRANSIT (ATTACH LIST)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(-) OUTSTANDING CHECKS (ATTACH LIST)
 
 
 
(9,345.17
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OTHER (ATTACH EXPLANATION)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*
 
 
 
 
 
 
 
 
 
5,749,271.00

 
841,555.00

 
 
 
 
32,328.84

 
 
ADJUSTED BANK BALANCE IN USD *
 
 
 
13,209,858.87

 
103,246.47

 
1,007.40

 
51,072.85

 
7,475.84

 
 
127,976.56

 
16,164.42

 
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
 
 
 
168348
1,128.69

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
168350
400.28

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
168351
795.00

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
168352
177.45

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
168353
825.59

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
168356
45.82

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
168358
975.00

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
168359
1,997.34

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
168360
3,000.00

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
$
110,030.63
 
$
7,425,473.55
 
 
$
5,960.00
 
 
$
15,694,190.36
 
$
16,185.42
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BANK BALANCE
 
 
31-Mar-16
4,867.03

31-Mar-16
—

31-Mar-16
5,000.00

31-Mar-16
5,000.00

31-Mar-16
110,030.63

31-Mar-16
7,425,473.55

 
31-Mar-16
5,960.00

 
31-Mar-16
15,709,315.14

31-Mar-16
16,185.42

(+) DEPOSITS IN TRANSIT (ATTACH LIST)
 
 
 
—

 
—

 
—

 
—

 
 
 
 
 
 
—

 
 
 
 
 
(-) OUTSTANDING CHECKS (ATTACH LIST)
 
 
 
—

 
—

 
—

 
—

 
—

 
 
 
 
—

 
 
(15,124.78
)
 
 
OTHER (ATTACH EXPLANATION)
 
 
 
—

 
—

 
—

 
—

 
 
 
 
 
 
—

 
 
 
 
 
ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ADJUSTED BANK BALANCE IN USD *
 
 
 
4,867.03

 
—

 
5,000.00

 
5,000.00

 
110,030.63

 
7,425,473.55

 
 
5,960.00

 
 
15,694,190.36

 
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
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5178
5,592.60

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5179
1,182.00

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5180
2,934.89

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5181
4,598.42

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5182
816.87

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
—
 
 
—
 
—
 
 
                            1,126,629.56
 
—
 
—
 
 
271,401.37
 
—
 
                            500,000.00
 
 
USD or USD equivalent
$
9,990.91
 
 
$
2,277,600.94
 
$
—
 
 
$
866,371.55
 
$
6,014.88
 
$
64,884.96
 
 
$
208,706.07
 
$
341,493.36
 
$
384,497.08
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BANK BALANCE
 
31-Mar-16
9,990.91

 
31-Mar-16
2,277,600.94

 
—

 
31-Mar-16
1,131,789.42

31-Mar-16
7,144.88

31-Mar-16
64,884.96
 
31-Mar-16
319,424.89

31-Mar-16
341,493.36

31-Mar-16
500,000.00

(+) DEPOSITS IN TRANSIT (ATTACH LIST)
 
 
—

 
 
—

 
—

 
 
 
 
—

 
—

 
 
 
 
 
 
 
(-) OUTSTANDING CHECKS (ATTACH LIST)
 
 
—

 
 
 
 
—

 
 
(5,159.86
)
 
(1,130.00
)
 
—

 
 
(48,023.52
)
 
—

 
—

OTHER (ATTACH EXPLANATION)
 
 
 
 
 
—

 
—

 
 
—

 
—

 
—

 
 
 
 
 
 
 
ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*
 
 
 
 
 
 
 
—

 
 
1,126,629.56

 
 
 
 
 
 
271,401.37

 
 
 
500,000.00

ADJUSTED BANK BALANCE IN USD *
 
 
9,990.91

 
 
2,277,600.94

 
—

 
 
866,371.55

 
6,014.88

 
64,884.96

 
 
208,706.07

 
341,493.36

 
384,497.08

* 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
 
 
 
 
 
 
 
 
 
 
17679
235.28

1781
1,130.00

 
 
 
18311
340.09

 
 
 
 
 
 
 
 
 
 
 
 
 
 
17722
1,479.20

 
 
 
 
 
18312
1,532.45

 
 
 
 
 
 
 
 
 
 
 
 
 
 
17723
160.00

 
 
 
 
 
18313
37.47

 
 
 
 
 
 
 
 
 
 
 
 
 
 
17719
1,383.12

 
 
 
 
 
18314
3,749.58

 
 
 
 
 
 
 
 
 
 
 
 
 
 
17720
565.00

 
 
 
 
 
18316
174.87

 
 
 
 
 
 
 
 
 
 
 
 
 
 
17721
1,337.26

 
 
 
 
 
18317
1,066.77

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18318
5,987.90

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18319
431.89

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18320
1,299.78

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18321
1,525.50

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18324
2,051.90

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18325
331.98

 
 
 
 

11


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18326
1,241.49

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18327
311.35

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18328
814.44

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18329
344.03

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18340
321.46

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18341
6,680.33

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18342
5,138.62

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18343
152.21

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18344
9,097.37

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18345
360.51

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18346
4,749.69

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18347
172.62

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18348
109.22

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
—
 
                           146,132.08
 
—
 
 
—
 
 
—
 
 
                           18,990.73
 
 
 
                            376,154.47
 
 
USD or USD equivalent
$
973,419.47
 
$
166,304.86
 
$
4,000.00
 
 
$
976,231.76
 
 
$
3,164,108.91
 
 
$
9,495.38
 
$
6,099.06
 
$
68,995.00
 
$
58,285.99
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BANK BALANCE
 
31-Mar-16
916.00

31-Mar-16
146,132.08

31-Mar-16
4,000.00

 
31-Mar-16
976,231.76

 
31-Mar-16
3,178,174.13

 
31-Mar-16
   18,990.73

31-Mar-16
$
6,099.06

31-Mar-16
$
68,995.00

31-Mar-16
376,154.47

(+) DEPOSITS IN TRANSIT (ATTACH LIST)
 
 
1,156,397.17

 
 
 
 
 
 
—

 
 
 
 
 
 
 
 
 
 
 
 
(-) OUTSTANDING CHECKS (ATTACH LIST)
 
 
(187,753.04
)
 
 
 
 
 
 
—

 
 
(14,065.22
)
 
 
—

 
 
 
 
 
 
OTHER (ATTACH EXPLANATION)
 
 
3,859.34

 
 
 
 
 
 
—

 
 
 
 
 
 
 
 
 
 
 
 
ADJUSTED BANK BALANCE IN FOREIGN CURRENCY*
 
 
 
 
146,132.08

 
 
 
 
 
 
 
 
 
 
   18,990.73

 
 
 
 
 
376,154.47

ADJUSTED BANK BALANCE IN USD *
 
 
973,419.47

 
166,304.86

 
4,000.00

 
 
976,231.76

 
 
3,164,108.91

 
 
$
9,495.38

 
$
6,099.06

 
$
68,995.00

 
$
58,285.99

* 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
 
Ck. #
Amount
 
Ck. #
Amount
Ck. #
Amount
Ck. #
Amount
Ck. #
Amount
 
 
 
 
 
 
 
 
 
 
 
 
31106
245.52

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
31303
127.80

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
31442
32.00

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
31447
11,577.45

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
31448
97.05

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
31449
1,091.70

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
31450
382.70

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
31451
511.00

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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 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/.

14


UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors
Case No. 15-11357 (CSS)
MOR-1b
Reporting Period: March 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
)
 
 
AlixPartners
Nov 1-Nov 30,2015
366,030.59

Molycorp Inc.
WT000002848
3/3/2016
340,332.80

25,697.79

 
 
AlixPartners
Dec 1-Dec 31,2015
337,426.65

Molycorp Inc.
WT000002885
3/18/2016
318,892.40

18,534.25

2,202,259.10

162,714.09

 
 
 
 
 
 
 
 
 
 
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)
(720.8
)
Molycorp Inc.
WT000002804
2/3/2016
 
(720.80
)
 
 
Ashby & Geddes
Dec 1-Dec 31,2015
57,804.04

Molycorp Inc.
WT000002868
3/11/2016
53,105.92

4,698.12

 
 
Ashby & Geddes
Jan 1-Jan 31,2016
118,017.13

Molycorp Inc.
WT000002929
3/31/2016
102,524.30

15,492.83

540,516.75

44,170.81


15


 
 
 
 
 
 
 
 
 
 
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

 
 
 
 
 
 
 
 
 
 
Direct Fee Review, LLC
Sep 8-Sep 30, 2015
1,584

Molycorp Inc.
WT000002613
12/9/2015
1,584.00

—

 
 
Direct Fee Review, LLC
Oct 1-Nov 30,2015
5,552

Molycorp Inc.
WT000002849
3/3/2016
5,552.00

 
 
 
Direct Fee Review, LLC
Dec 1-Dec 31,2015
9,664

Molycorp Inc.
WT000002849
3/3/2016
9,664.00

 
 
 
Direct Fee Review, LLC
Sep 8-Sep 30,2015 (payment of holdback)
396

Molycorp Inc.
WT000002849
3/3/2016
396.00

 
17,196.00

—

 
 
 
 
 
 
 
 
 
 
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

 
 
 
Jones Day
Nov 1-Nov 30,2015
1,262,668.96

Molycorp Inc.
WT000002867
3/11/2016
1,242,003.20

20,665.76

 
 
Jones Day
Dec 1-Dec 31,2015
841,398.99

Molycorp Inc.
WT000002884
3/18/2016
808,176.20

33,222.79

6,734,298.40

123,315.42

 
 
 
 
 
 
 
 
 
 
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

 
 
KPMG
Nov 1-Nov 30, 2015
566,411.44

Molycorp Minerals LLC
WT000002850
3/3/2016
543,943.20

22,468.24

 
 
KPMG
Dec 1-Dec 31, 2015
699,869.72

Molycorp Minerals LLC
12148
3/15/2016
677,657.61

22,212.11

3,020,894.87

131,422.04

 
 
 
 
 
 
 
 
 
 
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

 
 

16


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
)
 
 
Miller Buckfire
Dec 1-Dec 31, 2015
176,453.23

Molycorp Inc.
WT000002911
3/29/2016
140,000.00

36,453.23

1,960,625.01

415,100.05

 
 
 
 
 
 
 
 
 
 
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

—

 
 
PJT Advisory Partners LP
Jul 8-Sep 30, 2015 (payment of holdback)
83,225.81

Molycorp Inc.
WT000002883
3/17/2016
83,225.81

 
 
 
PJT Advisory Partners LP
Oct 1 -Dec 31, 2015
360,000

Molycorp Inc.
WT000002930
3/31/2016
360,000.00

—

756,129.03

—

 
 
 
 
 
 
 
 
 
 
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

 
 
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

9,421.8

 
 
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

 
 
Prime Clerk (156c services)
Feb 1-Feb 29, 2016
375,746.93

Molycorp Inc.
WT000002910
3/29/2016
35,192.35

340,554.58

 
 
Prime Clerk (327a services)
Dec 1-Dec 31, 2015
2,683.6

Molycorp Inc.
WT000002910
3/29/2016
2,683.60

 
343,051.21

1,099,108.33

 
 
 
 
 
 
 
 
 
 
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

 
 

17


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

 
 
 
Young Conway Stargatt & Taylor LLP
Dec 1-Dec 31, 2015
61,650.77

Molycorp Inc.
WT000002931
3/31/2016
60,064.80

1,585.97

742,053.11

40,230.86

 
 
 
 
 
 
 
 
 
 
* 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.
 
 
 
 
 
 
 
 
 
 

18


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

—

$
—

—

$
—

—

2,509,020

 
24,072,850

—

—

Sales to related parties
—

—

—

—

—

—

2,730,126

 
36,108,495

—

—

Total Revenue
—

—

—

—

—

—

5,239,146

 
60,181,345

—

—

 
 
 
 
 
 
 
 
 
 
 
 
Costs of sales
 
 
 
 
 
 
 
 
 
 
 
Costs excluding depreciation and amortization
—

—

—

—

—

—

4,707,460

 
53,771,564

—

—

Depreciation and amortization
—

—

—

—

—

—

8,318

 
74,865

—

—

Gross profit (loss)
—

—

—

—

—

—

523,368

 
6,334,916

—

—

 
 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
General & Administrative
104

11,538

—

—

—

—

(185,004
)
a
1,461,254

48

505

Sales & Marketing
—

—

—

—

—

—

84,254

 
806,168

—

—

Insiders Compensation
—

—

—

—

—

—

187,278

 
512,066

—

—

Care and Maintenance
—

—

—

—

—

—

—

 
—

—

—

Depreciation and amortization
—

—

—

—

—

—

160,468

 
1,455,718

—

—

 - Accretion expense
—

—

—

—

—

—

—

 
—

—

—

Research and development
—

—

—

—

—

—

—

 
—

—

—

Revision in estimated ARO cash flows
—

—

—

—

—

—

—

 
—

—

—

Goodwill impairment & long lived assets
—

—

—

—

—

—

—

 
—

—

—

Total expenses
104

11,538

—

—

—

—

246,996

 
4,235,206

48

505

Operating income (loss)
(104
)
(11,538
)
—

—

—

—

276,372

 
2,099,710

(48
)
(505
)
 
 
 
 
 
 
 
 
 
 
 
 

19


Other Income (expense) (attached schedule)
—

(1
)
—

—

—

—

283

 
15,566

—

—

Interest income (expense), net
1,478,297

(1,318,021
)
—

—

(596,125
)
(5,937,209
)
383,065

 
3,469,429

—

—

Reorganization items, net (attached schedule)
(12,493,568
)
(155,462,236
)
—

—

(272,159
)
(30,601,970
)
—

 
—

—

—

Foreign exchange gain (loss)
14,105,541

(15,413,076
)
—

—

—

—

405

 
4,151

—

—

Income/(loss) before taxes and non-controlling interest
3,090,166

(172,204,872
)
—

—

(868,284
)
(36,539,179
)
660,125

 
5,588,856

(48
)
(505
)
Income taxes expense (benefit)
1,913

57,122

—

—

—

—

6,723

 
71

102,074

1,296,571

Income/(loss) from continuing operations before equity income of affiliate
3,088,253

(172,261,994
)
—

—

(868,284
)
(36,539,179
)
653,402

 
5,588,785

(102,122
)
(1,297,076
)
    
 
 
 
 
 
 
 
 
 
 
 
Equity in loss (income) of affiliates
—

—

—

—

(63,495
)
405,204

—

 
—

—

—

 
 
 
 
 
 
 
 
 
 
 
 
Income/(loss) from continuing operations
3,088,253

(172,261,994
)
—

—

(804,789
)
(36,944,383
)
653,402

 
5,588,785

(102,122
)
(1,297,076
)
 
 
 
 
 
 
 
 
 
 
 
 
Earnings/(loss) for the period
$
3,088,253

(172,261,994
)
$
—

—

$
(804,789
)
(36,944,383
)
653,402

 
5,588,785

(102,122
)
(1,297,076
)
 
Note a - credit balance due to reversal of over accrued bonus from prior year.


20


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
—

—

—

—

—

—

3,580,698

37,784,499

—

—

Total Revenue
—

—

—

—

—

—

3,580,698

37,784,499

—

—

 
 
 
 
 
 
 
 
 
 
 
Costs of sales
 
 
 
 
 
 
 
 
 
 
Costs excluding depreciation and amortization
—

—

—

—

—

—

3,141,399

34,962,092

—

—

Depreciation and amortization
—

—

—

—

—

—

—

—

—

—

Gross profit (loss)
—

—

—

—

—

—

439,299

2,822,407

—

—

 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
General & Administrative
—

43

—

—

—

—

334,316

1,497,369

—

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

—

—

—

—

334,316

1,497,369

—

5,508

Operating income (loss)
—

(43
)
—

—

—

—

104,983

1,325,038

—

(5,508
)
 
 
 
 
 
 
 
 
 
 
 
Other Income (expense) (attached schedule)
—

—

—

—

—

—

—

—

—

—

Interest income (expense), net
—

—

—

—

—

—

—

—

(2,626,791
)
(22,430,617
)
Reorganization items, net (attached schedule)
—

—

—

—

—

—

—

—

—

—

Foreign exchange gain (loss)
—

—

—

—

—

—

83,446

107,966

(12,244,510
)
13,898,894

Income/(loss) before taxes and non-controlling interest
—

(43
)
—

—

—

—

188,429

1,433,004

(14,871,301
)
(8,537,231
)
Income taxes expense (benefit)
—

—

—

—

—

—

—

—

—

—

Income/(loss) from continuing operations before equity income of affiliate
—

(43
)
—

—

—

—

188,429

1,433,004

(14,871,301
)
(8,537,231
)
 
 
 
 
 
 
 
 
 
 
 
Equity in loss (income) of affiliates
—

—

—

—

—

—

—

—

—

—

 
 
 
 
 
 
 
 
 
 
 
Income/(loss) from continuing operations
—

(43
)
—

—

—

—

188,429

1,433,004

(14,871,301
)
(8,537,231
)
 
 
 
 
 
 
 
 
 
 
 
Earnings/(loss) for the period
$
—

(43
)
$
—

—

$
—

—

$
188,429

1,433,004

$
(14,871,301
)
(8,537,231
)
 
 
 
 
 
 
 
 
 
 
 



21


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
Cumulative Filing to Date
 
Current Month
Current Month
Cumulative Filing to Date
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
External Sales - net
2,957,387

 
25,393,910

$
—

—

$
—

3,082,894

70

 
38,204

$
44,332

2,625,789

Sales to related parties
5,043,532

 
42,025,898

—

—

—

698,274

317,673

 
1,841,987

2,218,218

10,296,509

Total Revenue
8,000,919

 
67,419,808

—

—

—

3,781,168

317,743

 
1,880,191

2,262,550

12,922,298

 
 
 
 
 
 
 
 
 
 
 
 
 
Costs of sales
 
 
 
 
 
 
 
 
 
 
 
 
Costs excluding depreciation and amortization
7,193,084

 
63,804,085

—

—

—

4,436,732

235,651

 
2,093,244

2,014,403

41,535,966

Depreciation and amortization
—

 
—

—

—

—

172,734

24,246

 
221,556

—

30,351,407

Gross profit (loss)
807,835

 
3,615,723

—

—

—

(828,298
)
57,846

 
(434,609
)
248,147

(58,965,075
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
General & Administrative
(125,294
)
a
294,008

—

203

—

45,938

(468,894
)
a
4,808,951

1,225,419

17,103,840

Sales & Marketing
30,640

 
257,269

—

—

—

—

47,508

 
338,576

34

128,058

Insiders Compensation
257,230

 
507,880

—

—

—

—

591,670

 
1,342,954

604,529

1,624,598

Care and Maintenance
—

 
—

—

—

84,633

336,297

—

 
—

1,602,359

8,212,479

Depreciation and amortization
—

 
—

—

—

28,003

84,008

15,398

 
150,875

7,214,257

34,368,318

 - Accretion expense
—

 
—

—

—

—

—

—

 
—

75,198

1,301,946

Research and development
140,184

 
1,266,898

—

—

—

—

60,727

 
588,571

10,563

194,386

Revision in estimated ARO cash flows
—

 
—

—

—

—

—

—

 
—

—

(4,041,690
)
Goodwill impairment & long lived assets
—

 
—

—

—

—

—

—

 
—

—

—

Total expenses
302,760

 
2,326,055

—

203

112,636

466,243

246,409

 
7,229,927

10,732,359

58,891,935

Operating income (loss)
505,075

 
1,289,668

—

(203
)
(112,636
)
(1,294,541
)
(188,563
)
 
(7,664,536
)
(10,484,212
)
(117,857,010
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Income (expense) (attached schedule)
—

 
—

—

—

153

671

—

 
115,905

918

44,400

Interest income (expense), net
1,363

 
9,502

—

—

—

—

(322,135
)
 
(3,087,769
)
(2,196,809
)
(19,375,715
)
Reorganization items, net (attached schedule)
—

 
—

—

—

(133,649
)
(425,449
)
(338
)
 
(38,926
)
(2,390,980
)
(78,664,080
)
Foreign exchange gain (loss)
1,543

 
220,679

—

—

—

—

(1,869,637
)
 
1,876,549

7,419

(26,326
)
Income/(loss) before taxes and non-controlling interest
507,981

 
1,519,849

—

(203
)
(246,132
)
(1,719,319
)
(2,380,673
)
 
(8,798,777
)
(15,063,664
)
(215,878,731
)
Income taxes expense (benefit)
(507
)
 
36,185

—

—

—

—

14,510

 
299,265

—

162,794

Income/(loss) from continuing operations before equity income of affiliate
508,488

 
1,483,664

—

(203
)
(246,132
)
(1,719,319
)
(2,395,183
)
 
(9,098,042
)
(15,063,664
)
(216,041,525
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity in loss (income) of affiliates
—

 
—

—

—

—

—

—

 
—

—

—

 
 
 
 
 
 
 
 
 
 
 
 
 
Income/(loss) from continuing operations
508,488

 
1,483,664

—

(203
)
(246,132
)
(1,719,319
)
(2,395,183
)
 
(9,098,042
)
(15,063,664
)
(216,041,525
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings/(loss) for the period
$
508,488

 
1,483,664

$
—

(203
)
$
(246,132
)
(1,719,319
)
(2,395,183
)
 
(9,098,042
)
$
(15,063,664
)
(216,041,525
)
 
Note a - credit balance due to reversal of over accrued bonus from prior year.



22


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
$
—

—

$
314,588

4,036,078

$
—

—

$
—

—

$
—

—

Sales to related parties
—

—

53,368

1,289,326

—

—

—

—

—

—

Total Revenue
—

—

367,956

5,325,404

—

—

—

—

—

—

 
 
 
 
 
 
 
 
 
 
 
Costs of sales
 
 
 
 
 
 
 
 
 
 
Costs excluding depreciation and amortization
—

—

255,032

6,116,844

—

—

—

—

—

—

Depreciation and amortization
—

—

15,930

147,907

—

—

—

—

—

—

Gross profit (loss)
—

—

96,994

(939,347
)
—

—

—

—

—

—

 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
General & Administrative
5,440

16,127

32,711

314,144

100,124

640,063

—

—

—

—

Sales & Marketing
—

—

5,708

57,701

1,950

4,886

—

—

—

—

Insiders Compensation
—

—

—

—

—

—

—

—

—

—

Care and Maintenance
—

—

—

—

—

—

—

—

—

—

Depreciation and amortization
—

—

1,509

13,984

3,551

31,960

—

—

—

—

 - Accretion expense
—

—

—

—

—

—

—

—

—

—

Research and development
102,000

102,000

—

—

—

—

—

—

—

—

Revision in estimated ARO cash flows
—

—

—

—

—

—

—

—

—

—

Goodwill impairment & long lived assets
—

—

—

6,917

—

—

—

—

—

—

Total expenses
107,440

118,127

39,928

392,746

105,625

676,909

—

—

—

—

Operating income (loss)
(107,440
)
(118,127
)
57,066

(1,332,093
)
(105,625
)
(676,909
)
—

—

—

—

 
 
 
 
 
 
 
 
 
 
 
Other Income (expense) (attached schedule)
—

920,000

—

—

—

—

—

—

—

—

Interest income (expense), net
66

403

226

2,173

16

62

—

—

—

—

Reorganization items, net (attached schedule)
—

—

—

—

—

—

—

—

—

—

Foreign exchange gain (loss)
—

—

34

7,952

300,452

(646,027
)
—

—

—

—

Income/(loss) before taxes and non-controlling interest
(107,374
)
802,276

57,326

(1,321,968
)
194,843

(1,322,874
)
—

—

—

—

Income taxes expense (benefit)
—

—

—

—

119,422

717,239

—

—

—

—

Income/(loss) from continuing operations before equity income of affiliate
(107,374
)
802,276

57,326

(1,321,968
)
75,421

(2,040,113
)
—

—

—

—

 
 
 
 
 
 
 
 
 
 
 
Equity in loss (income) of affiliates
—

—

—

—

—

—

—

—

—

—

 
 
 
 
 
 
 
 
 
 
 
Income/(loss) from continuing operations
(107,374
)
802,276

57,326

(1,321,968
)
75,421

(2,040,113
)
—

—

—

—

 
 
 
 
 
 
 
 
 
 
 
Earnings/(loss) for the period
$
(107,374
)
802,276

$
57,326

(1,321,968
)
$
75,421

(2,040,113
)
$
—

—

$
—

—

 
 
 
 
 
 
 
 
 
 
 


23


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
$
—

—

$
—

—

$
5,825,397

59,249,725

Sales to related parties
—

—

(6,116,590
)
(51,166,656
)
7,827,025

78,878,332

Total Revenue
—

—

(6,116,590
)
(51,166,656
)
13,652,422

138,128,057

 
 
 
 
 
 
 
Costs of sales
 
 
 
 
 
 
Costs excluding depreciation and amortization
—

—

(5,790,542
)
(51,067,410
)
11,756,487

155,653,117

Depreciation and amortization
—

—

—

—

48,494

30,968,469

Gross profit (loss)
—

—

(326,048
)
(99,246
)
1,847,441

(48,493,529
)
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
General & Administrative
—

—

—

—

918,970

26,199,491

Sales & Marketing
—

—

—

—

170,094

1,592,658

Insiders Compensation
—

—

—

—

1,640,707

3,987,498

Care and Maintenance
—

—

—

—

1,686,992

8,548,776

Depreciation and amortization
—

—

—

—

7,423,186

36,104,863

 - Accretion expense
—

—

—

—

75,198

1,301,946

Research and development
—

—

—

—

313,474

2,151,855

Revision in estimated ARO cash flows
—

—

—

—

—

(4,041,690
)
Goodwill impairment & long lived assets
—

—

—

—

—

6,917

Total expenses
—

—

—

—

12,228,621

75,852,314

Operating income (loss)
—

—

(326,048
)
(99,246
)
(10,381,180
)
(124,345,843
)
 
 
 
 
 
 
 
Other Income (expense) (attached schedule)
—

—

—

—

1,354

1,096,541

Interest income (expense), net
—

—

—

—

(3,878,827
)
(48,667,762
)
Reorganization items, net (attached schedule)
—

—

—

—

(15,290,694
)
(265,192,661
)
Foreign exchange gain (loss)
—

—

—

—

384,693

30,762

Income/(loss) before taxes and non-controlling interest
—

—

(326,048
)
(99,246
)
(29,164,654
)
(437,078,963
)
Income taxes expense (benefit)
—

—

—

—

244,135

2,569,247

Income/(loss) from continuing operations before equity income of affiliate
—

—

(326,048
)
(99,246
)
(29,408,789
)
(439,648,210
)
 
 
 
 
 
 
 
Equity in loss (income) of affiliates
—

—

—

—

(63,495
)
405,204

 
 
 
 
 
 
 
Income/(loss) from continuing operations
—

—

(326,048
)
(99,246
)
(29,345,294
)
(440,053,414
)
 
 
 
 
 
 
 
Earnings/(loss) for the period
$
—

—

$
(326,048
)
(99,246
)
$
(29,345,294
)
(440,053,414
)
 
 
 
 
 
 
 




24





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
153

671

 
 
 
 
 
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)
918

43,210

 
 
Gain on disposal
—

1,190

 
 
 
918

44,400

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

920,000

 
 
 
 
 
Magnequench International, Inc.
15-11360
Other Income /(expense)
283

15,566

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

(1
)
 
 
 
 
 
 
 
Total Combined
1,354

1,096,541

 
 
 
 
 
 
Other Reorganization Expenses
 
 
Molycorp Inc.
15-11357
Legal and other professional fees
12,266,011

61,878,040

 
 
Adjustments to the carrying amount of debt
—

78,665,658

 
 
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
227,557

18,007,432

 
 
Total
12,493,568

155,462,236

 
 
 
 
 
Magnequench Inc.
15-11359
Write-off of discount and deferred financing cost on Term Loans
—

9,065,118

 
 
Early Payment Premium on Term Loans
272,159

21,536,852

 
 
Total
272,159

30,601,970


25


 
 
 
 
 
Molycorp Metals & Alloys, Inc.
15-11369
Severance expense
133,649

425,449

 
 
 
 
 
Molycorp Minerals Canada ULC
15-11370
Legal and other professional fees
338

38,926

 
 
 
 
 
Molycorp Minerals, LLC
15-11371
Stipulated loss on Oaktree equipment lease
637,417

50,391,921

 
 
Adjustments to the carrying amount of debt
—

19,547,684

 
 
Trustee fees
135,500

404,215

 
 
Severance expense
1,618,063

6,644,354

 
 
Capital equipment lease cancellation
—

1,675,906

 
 
Total
2,390,980

78,664,080

 
 
 
 
 
 
 
Total Combined
15,290,694

265,192,661

 
 
 
 
 
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.
 
 
 
 
 


26


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

Notes to MOR-3, Balance Sheet

Unless otherwise indicated, the value of the assets contained in MOR-3 are book values as of March 31, 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 March 31, 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
$
8,137,249

$
—

$
—

$
13,373,154

$
149,141

$
4,867

$
5,000

$
5,000

$
7,535,504

$
5,960

$
15,710,376

$
9,991

$
2,277,601

$
1,876,106

$
1,143,724

$
976,232

Restricted cash
18,299,601

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

Trade accounts receivable
—

—

—

3,024,667

—

—

—

—

—

—

3,845,740

—

—

—

136,675

—

Inventories
—

—

—

5,636,277

—

—

—

—

1,369,941

—

5,798,106

—

1,232,202

611,899

22,447,025

—

Income tax receivable
465,377

—

—

—

88,061

—

—

—

—

—

—

—

—

—

—

—

Defer tax assets
—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

Other current assets (attached schedule)
1,242,103

—

—

—

4,669

—

—

—

6,825

—

6,950

—

37,332

152,073

7,489,051

—

Total current assets
28,144,330

—

—

22,034,098

241,871

4,867

5,000

5,000

8,912,270

5,960

25,361,172

9,991

3,547,135

2,640,078

31,216,475

976,232

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   - Real Property & Improvement
—

—

—

100,000

—

—

—

—

—

—

—

—

2,154,116

1,510,345

1,059,721,703

—


27


   - 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
—

—

—

—

—

—

—

—

—

—

—

—

—

4,992

9,318,678

—

    less: accumulated depreciation
—

—

—

(7,299,397
)
—

—

—

—

—

—

(84,275
)
—

(1,603,267
)
(4,021,701
)
(248,099,587
)
—

Property, plant and equipment
—

—

—

1,751,099

—

—

—

—

—

—

—

—

3,452,945

2,762,641

1,469,552,176

—

Deposits
2,008,242

—

—

—

—

—

—

—

—

—

—

—

—

—

34,254,356

—

Inventories
—

—

—

—

—

—

—

—

—

—

—

—

—

—

23,111,413

—

Patents and other intangible assets
—

—

—

28,631,667

—

—

—

—

—

—

—

—

—

286,637

294,786

—

Investment (attached schedule)
543,915,594

20,000

162,216,274

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
3,021,527,655

478

49,018,009

112,283,881

11,524,961

—

—

—

18,251,449

47,436,514

14,337,635

15,798

2,200,000

27,524,713

41,323,841

1,800,000

Total non current assets
3,567,451,491

20,478

211,234,283

159,778,891

13,558,237

—

—

—

1,210,576,889

731,611,954

14,337,635

364,165,798

5,652,945

62,385,560

1,710,577,809

24,719,589

Total assets
3,595,595,821

20,478

211,234,283

181,812,989

13,800,108

4,867

5,000

5,000

1,219,489,159

731,617,914

39,698,807

364,175,789

9,200,080

65,025,638

1,741,794,284

25,695,821

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trade accounts payable
2,826,158

—

—

70,442

—

—

—

—

6,282

—

16,994

—

—

56,856

1,178,492

—

DIP Financing
142,250,272

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

Accrued expenses
28,184,202

—

—

231,155

—

—

—

—

6,250

—

1,367,074

—

44,897

423,130

7,298,783

—

Interest payable
—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

Income taxes payable
—

—

—

283,585

—

—

—

—

—

—

—

—

—

572,323

—

—

Capital lease
—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

Asset retirement obligation
—

—

—

—

—

—

—

—

—

—

—

—

—

—

4,279,668

—

Total current liabilities
173,260,632

—

—

585,182

—

—

—

—

12,532

—

1,384,068

—

44,897

1,052,309

12,756,943

—


28


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital lease
—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

Asset retirement obligation
—

—

—

—

—

—

—

—

—

—

—

—

—

—

10,848,150

—

Defer tax liabilities
5,772,000

—

—

380,910

2,073,663

—

—

—

—

—

—

—

—

1,344,833

—

—

Pension benefit liabilities
—

—

—

2,792,407

—

—

—

—

—

—

—

—

—

—

—

—

Other Long-term liabilities
—

—

—

—

—

—

—

—

—

—

—

—

—

—

1,424,195

—

Amount due to Insiders
—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

Related party payable
778,407

—

1,567,733

3,232,837

—

—

5,000

5,000

6,506,000

26,532,327

9,545,776

—

20,075

7,847,051

91,196,693

107,440

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

350,877,285

17,383,339

364,287,300

216,330

59,419,775

2,262,323,872

—

Liabilities subject to compromise - Third party
1,512,490,080

—

86,942,066

10,019

—

—

—

—

7,287

—

17,561

—

32,659

1,860,164

234,009,791

—

Total non-current liabilities
1,590,081,841

20,378

91,848,972

27,789,253

2,292,725

5,000

5,000

12,750

18,916,801

377,409,612

26,946,676

364,287,300

269,064

70,471,823

2,599,802,701

107,440

Total liabilities
1,763,342,473

20,378

91,848,972

28,374,435

2,292,725

5,000

5,000

12,750

18,929,333

377,409,612

28,330,744

364,287,300

313,961

71,524,132

2,612,559,644

107,440

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
2,250,816,557

—

40,027,833

148,368,181

389,376

—

—

—

—

401,063,759

226,313

—

17,521,567

(4,095,431
)
132,576,089

—

Accumulated deficits
(418,822,163
)
—

79,323,690

5,583,667

6,497,007

(133
)
—

(7,750
)
516,384,385

(57,111,202
)
11,140,250

(131,511
)
(8,635,448
)
(277,577,646
)
(1,003,341,449
)
3,124,631

Accum Other Comprehensive Income
—

—

—

(534,850
)
—

—

—

—

—

—

—

—

—

—

—

—

Shareholders' equity
1,832,253,348

100

119,385,311

153,438,554

11,507,383

(133
)
—

(7,750
)
1,200,559,826

354,208,302

11,368,063

(111,511
)
8,886,119

(6,498,494
)
(870,765,360
)
25,588,381

Total liabilities and shareholders' equity
3,595,595,821

20,478

211,234,283

181,812,989

13,800,108

4,867

5,000

5,000

1,219,489,159

731,617,914

39,698,807

364,175,789

9,200,080

65,025,638

1,741,794,284

25,695,821

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 





29



COMBINED DEBTORS' BALANCE SHEET
 
 
 
 
 
Continuation Sheet for MOR-3
 
 
 
 
 
 
As at March 31, 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
$
3,165,215

$
150,566

$
—

$
—

$
—

$
—

$
54,525,686

Restricted cash
—

—

—

—

—

—

18,299,601

Trade accounts receivable
308,923

—

—

—

—

—

7,316,005

Inventories
4,123,985

—

—

—

—

(99,246
)
41,120,189

Income tax receivable
—

—

—

—

—

—

553,438

Defer tax assets
—

—

—

—

—

—

—

Other current assets (attached schedule)
500,938

5,389

—

—

—

—

9,445,330

Total current assets
8,099,061

155,955

—

—

—

(99,246
)
131,260,249

 
 
 
 
 
 
 
 
Fixed Assets
 
 
 
 
 
 
 
   - Real Property & Improvement
1,021,865

—

—

—

—

—

1,064,508,029

   - Machinery & Equipment
1,065,531

—

—

—

—

—

622,106,605

   - Furniture & Office Equipment
45,006

—

—

—

—

—

17,844,541

   - Vehicle
—

—

—

—

—

—

2,437,401

   - Minerals Resource
—

—

—

—

—

—

24,539,244

   - Construction in Process
—

—

—

—

—

—

9,323,670

    less: accumulated depreciation
(1,439,447
)
—

—

—

—

—

(262,547,674
)
Property, plant and equipment
692,955

—

—

—

—

—

1,478,211,816

Deposits
—

—

—

—

—

—

36,262,598

Inventories
—

—

—

—

—

—

23,111,413

Patents and other intangible assets
—

477,138

—

—

—

—

29,690,228


30


Investment (attached schedule)
—

28,535,255

—

—

—

(2,977,166,065
)
213,426,703

Other assets (attached schedule)
—

—

—

—

—

—

663,150

Loan to Insiders
—

—

—

—

—

—

—

Related Party Receivable
483,334

46,805,643

—

—

—

(3,269,340,991
)
125,192,920

Total non current assets
1,176,289

75,818,036

—

—

—

(6,246,507,056
)
1,906,558,828

Total assets
9,275,350

75,973,991

—

—

—

(6,246,606,302
)
2,037,819,077

 
 
 
 
 
 
 
 
LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current
 
 
 
 
 
 
 
Trade accounts payable
34,900

—

—

—

—

—

4,190,124

DIP Financing
—

—

—

—

—

—

142,250,272

Accrued expenses
201,027

85,777

—

—

—

—

37,842,295

Interest payable
—

—

—

—

—

—

—

Income taxes payable
—

—

—

—

—

—

855,908

Capital lease
—

—

—

—

—

—

—

Asset retirement obligation
—

—

—

—

—

—

4,279,668

Total current liabilities
235,927

85,777

—

—

—

—

189,418,267

 
 
 
 
 
 
 
 
Capital lease
—

—

—

—

—

—

—

Asset retirement obligation
—

—

—

—

—

—

10,848,150

Defer tax liabilities
—

1,726,650

—

—

—

—

11,298,056

Pension benefit liabilities
—

—

—

—

—

—

2,792,407

Other Long-term liabilities
—

—

—

—

—

—

1,424,195

Amount due to Insiders
—

—

—

—

—

—

—

Related party payable
12,436

584,015

—

—

—

(131,247,599
)
16,693,191

Liabilities subject to compromise - Related party
38,381

149,196

—

—

—

(3,138,093,391
)
25,011,398

Liabilities subject to compromise - Third party
50,347

799,803

—

—

—

—

1,836,219,777

Total non-current liabilities
101,164

3,259,664

—

—

—

(3,269,340,990
)
1,904,287,174


31


Total liabilities
337,091

3,345,441

—

—

—

(3,269,340,990
)
2,093,705,441

 
 
 
 
 
 
 
 
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
)
2,250,816,556

Accumulated deficits
(5,611,741
)
52,950,870

—

—

—

(1,210,192,481
)
(2,306,427,024
)
Accum Other Comprehensive Income
—

—

—

—

—

—

(534,850
)
Shareholders' equity
8,938,259

72,628,550

—

—

—

(2,977,265,312
)
(55,886,364
)
Total liabilities and shareholders' equity
9,275,350

75,973,991

—

—

—

(6,246,606,302
)
2,037,819,077

































32



Continuation Sheet for MOR-3
 
 
 
 
 
 
 
 
 
BOOK VALUE AS AT
Debtor
Case No.
 
ASSETS
March 31, 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

 
 
 
Prepaid Insurance
164,815

 
 
 
Total
1,242,103

 
 
 
 
 
Magnequench Limited
15-11361
 
Prepaids and deferred charges
1,508

 
 
 
HST/VAT recoverable
3,161

 
 
 
Total
4,669

 
 
 
 
 
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
20,973

 
 
 
Prepayment on rent and consulting
106,687

 
 
 
Prepaid Insurance
10,625

 
 
 
Prepaid Tax Installment (property)
5,303

 
 
 
HST Recoverable
8,293

 
 
 
Misc receivable
192

 
 
 
Total
152,073

 
 
 
 
 
Molycorp Minerals, LLC
15-11371
 
Prepaid and deferred charges
4,325,809

 
 
 
Prepaid insurance
3,163,242

 
 
 
Total
7,489,051

 
 
 
 
 
Molycorp Rare Metals (Utah), Inc.
15-11373
 
Prepaid Others
20,669

 
 
 
Prepaid - Pots Expense
19,122


33


 
 
 
Prepaid - Heaters Expense
10,224

 
 
 
Prepaid - Propane Expense
9,968

 
 
 
Prepaid - Package Expense
15,595

 
 
 
Prepaid Duty
402,869

 
 
 
Misc Receivable - Beijing Jiya
22,491

 
 
 
Total
500,938

 
 
 
 
 
Neo International Corp.
15-11374
 
Prepayment for professional fee
5,000

 
 
 
GST/VAT recoverable
389

 
 
 
Total
5,389

 
 
 
 
 
 
 
 
Combined Debtor Total Other Current Assets
9,445,330

 
 
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%)
5,136,316

 
 
 
Magnequench Neo Powders Pte. Ltd. (100%)
116,421

 
 
 
Magnequench International Inc. (100%)
136,035,957

 
 
 
Magnequench UG (100%)
20,927,580

 
 
 
Total
162,216,274

 
 
 
 
 
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


34


 
 
 
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

 
 
 
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
3,190,592,768

 
 
 
 
 
 
 
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


35


 
 
 
 
 
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.

36


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

86,627

86,627

 Various

 EFT

—

FICA-Employee
—

29,946

29,946

 Various

 EFT

—

FICA-Employer
—

29,946

29,946

 Various

 EFT

—

Unemployment
3,482

—

—

 
 
3,482

Income
—

—

—

 
 
—

Other: Fed Medical Ins
—

14,007

14,007

 Various

 EFT

—

Total Federal Taxes
3,482

160,526

160,526

 
 
3,482

State and Local
Withholding
—

38,934

38,934

 Various

 EFT

—

Sales & Use AZ location only
1,696,300

10,604

—

 
 
1,706,904

Excise
—

—

—

 
 
—

Unemployment
23,581

—

—

 
 
23,581

Real Property
1,017,491

508,746

—

 
 
1,526,237

Personal Property
—

—

—

 
 
—

Other: Property taxes for land and machinery
11,200

5,600

—

 
 
16,800

Total State and Local
2,748,572

563,884

38,934

 
 
3,273,522

Total Taxes
2,752,054

724,410

199,460

 
 
3,277,004

 
 
 
 
 
 
 
 
 
 
 
 
 
 
SUMMARY OF UNPAID POSTPETITION DEBTS
 
 
 
 
 
 
 
Number of Days Past Due
 
Current
 0-30
31-60
61-90
Over 90
Total
Accounts Payable
2,909,517

382,755

405,237

143,587

349,028

4,190,124

Wages Payable
675,804

—

—

—

—

675,804

Taxes Payable
86,058

—

—

—

—

86,058


37


Rent/Leases-Building
—

—

—

—

—

—

Rent/Leases-Equipment
—

—

—

—

—

—

Secured Debt/Adequate Protection Payments
—

—

—

—

—

—

Professional Fees
—

—

—

—

—

—

Amounts Due to Insiders*
—

—

—

—

—

—

Other: DIP Financing
142,250,272

—

—

—

—

142,250,272

 
 
 
 
 
 
 
Total Postpetition Debts
145,921,651

382,755

405,237

143,587

349,028

147,202,258

 
 
 
 
 
 
 
Explain how and when the Debtor intends to pay any past-due postpetition debts.
 
 
 
 
0-30
382,755

 $366,607 of this amount represents 20% holdback. $15,989 was paid in April, and remaining $158 outstanding.
31-60
405,237

 This amount represents 20% holdback.
61-90
143,587

$101,723 of this amount represents 20% holdback, and remaining $41,863 needs approval.
Over 90
349,028

 $335,322 of this amount represent 20% holdback and deferred payment. $4,832 on hold; and $8,874 needs approval.
 
1,280,607

 Total Past Due Accounts Payable
 
 
 
*"Insider" is defined in 11 U.S.C. Section 101(31).
 
 
 
 
 
 
 
 
 
 
 
 
 



38


UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors
Case No. 15-11357 (CSS)
MOR-4
Reporting Period: March 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
2,065,237

61,208

261,506

101,724

336,484

2,826,159

Industrial Minerals, LLC
15-11358
—

—

—

—

—

—

Magnequench Inc.
15-11359
—

—

—

—

—

—

Magnequench International, Inc.
15-11360
65,610

—

—

—

4,832

70,442

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
6,282

—

—

—

—

6,282

MCP Exchangeco Inc.
15-11366
—

—

—

—

—

—

Molycorp Chemicals & Oxides, Inc.
15-11367
847

16,147

—

—

—

16,994

Molycorp Luxembourg Holdings S.a.r.l
15-11368
—

—

—

—

—

—

Molycorp Metals & Alloys, Inc.
15-11369
—

—

—

—

—

—

Molycorp Minerals Canada ULC (Toronto)
15-11370
25,065

—

—

—

—

25,065

Molycorp Minerals Canada ULC (Peterborough)
15-11370
31,791

—

—

—

—

31,791

Molycorp Minerals, LLC
15-11371
679,785

305,400

143,731

41,863

7,712

1,178,491

Molycorp Rare Metals Holdings, Inc.
15-11372
—

—

—

—

—

—

Molycorp Rare Metals (Utah), Inc.
15-11373
34,900

—

—

—

—

34,900

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
 
2,909,517

382,755

405,237

143,587

349,028

4,190,124



39


UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors
Case No. 15-11357 (CSS)
MOR-5
Reporting Period: March 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
7,985,217

—

—

—

2,854,406

—

—

—

—

—

—

+ Amounts billed during the period
5,890,475

—

—

—

2,509,020

—

—

—

—

—

—

- Amounts collected during the period
(6,569,497
)
—

—

—

(2,338,759
)
—

—

—

—

—

—

+/- Revaluation of Foreign Currency Receivable
—

—

—

—

—

—

—

—

—

—

—

+/- AR adjustments
9,810

—

—

—

—

—

—

—

—

—

—

Total Accounts Receivable at the end of the reporting period
7,316,005

—

—

—

3,024,667

—

—

—

—

—

 
 
 
 
 
 
 
 
 
 
 
 
 
Accounts Receivable Aging
 
 
 
 
 
 
 
 
 
 
 
—

0 - 30 days old
7,316,147

—

—

—

3,024,667

—

—

—

—

—

—

31 - 60 days old
—

—

—

—

—

—

—

—

—

—

—

61 - 90 days old
864

—

—

—

—

—

—

—

—

—

—

91+ days old
2,498,994

—

—

—

—

—

—

—

—

—

—

Total Accounts Receivable
9,816,005

—

—

—

3,024,667

—

—

—

—

—

—

Amount considered uncollectible (Bad Debt)
(2,500,000
)
—

—

—

—

—

—

—

—

—

—

Accounts Receivable (Net)
7,316,005

—

—

—

3,024,667

—

—

—

—

—

—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
3,720,616

—

882,401

 
276,908

—

250,885

—

—

—

—

+ Amounts billed during the period
3,022,416

—

 
 
44,333

—

314,707

—

—

—

—

- Amounts collected during the period
(2,907,102
)
—

(882,401
)
 
(184,566
)
—

(256,668
)
—

—

—

—

+/- Revaluation of Foreign Currency Receivable
—

—

—

—

—

—

 
—

—

—

—


40


+/- AR adjustments
9,810

—

—

—

—

—

 
—

—

—

—

Total Accounts Receivable at the end of the reporting period
3,845,740

—

 
—

136,675

 
308,924

—

—

—

—

 
 
 
 
 
 
 
 
 
 
 
 
Accounts Receivable Aging
 
 
 
 
 
 
—

 
 
 
 
 
0 - 30 days old
3,845,776

—

—

—

136,781

—

308,924

—

—

—

—

31 - 60 days old
—

—

—

—

—

—

—

—

—

—

—

61 - 90 days old
864

—

—

—

—

—

—

—

—

—

—

91+ days old
(900
)
—

—

—

2,499,894

—

—

—

—

—

—

Total Accounts Receivable
3,845,740

—

—

—

2,636,675

—

308,924

—

—

—

—

Amount considered uncollectible (Bad Debt)
—

—

—

—

(2,500,000
)
—

—

—

—

—

—

Accounts Receivable (Net)
3,845,740

—

—

—

136,675

—

308,924

—

—

—

—

 
 
 
 
 
 
 
 
 
 
 
 
 

41


UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
In re Molycorp, Inc., et al., Debtors
Case No. 15-11357 (CSS)
MOR-5
Reporting Period: March 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
3,024,666

—

—

—

—

3,024,666

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
3,845,776

—

864

(900
)
 
3,845,740

Molycorp Luxembourg Holdings S.a.r.l
15-11368
—

—

—

—

—

—

Molycorp Metals & Alloys, Inc.
15-11369
—

—

—

—

 
—

Molycorp Minerals Canada ULC (Toronto)
15-11370
—

—

—

—

—

—

Molycorp Minerals Canada ULC (Peterborough)
15-11370
—

—

—

—

—

—

Molycorp Minerals, LLC
15-11371
136,781

—

—

2,499,894

(2,500,000
)
136,675

Molycorp Rare Metals Holdings, Inc.
15-11372
—

—

—

—

 
—

Molycorp Rare Metals (Utah), Inc.
15-11373
308,924

—

—

—

 
308,924

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
 
7,316,147

—

864

2,498,994

(2,500,000
)
7,316,005

 
 
 
 
 
 
 
 






42


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


43