Molycorp Issues Statement Regarding SEC Investigation

FSC / Press Release 
Molycorp Issues Statement Regarding SEC Investigation 
Greenwood Village, Colo., November 09, 2012 /FSC/ - In response to inquiries
from investors and the news media, Molycorp, Inc. (NYSE: MCP) (?Molycorp? or the
?Company?)today issued the following statement regarding the Company's
disclosure in its third quarter 2012 Form 10-Q with the U.S. Securities and
Exchange Commission (SEC): 
On August 28, 2012, the staff of the SEC requested information from the Company;
subsequently, the Company learned that this request for information was in
connection with a formal order of investigation pertaining to, among other
things, the accuracy of the Company's public disclosures.  We are cooperating
with the SEC staff and are in regular communication with them on this matter. 
As a public company, Molycorp maintains disclosure controls and procedures, as
well as internal controls, and has extensive processes with respect to the
documents it files with the SEC.  As noted in the Company's third quarter 2012
10-Q, the Company cannot predict the length, scope, or results of the matter or
the impact, if any, on the Company's results of operations. 
#  #  # 
Jim Sims, +1 (303) 843-8062
Vice President, Corporate Communications 
Brian Blackman, + 1 (303) 843-8067
Senior Manager, Investor Relations 
Molycorp is a leading rare earths and rare metals company, and combines a
world-class rare earth resource at Mountain Pass, California, with world-class
ultra-high-purity rare earth and rare metal materials processing capabilities. 
With 26 locations across 11 countries, Molycorp is vertically integrated across
the global rare earth mine-to-magnetics supply chain. It produces rare earth
magnetic materials as well as a variety of high-purity, custom engineered
products from 13 different rare earths (lights and heavies) as well as five rare
metals (gallium, indium, rhenium, tantalum and niobium), and the transition
metals yttrium and zirconium.  Through its Molycorp Magnequench subsidiary, the
Company is a leading global producer of neodymium-iron-boron (NdFeB) magnet
powders, used to manufacture bonded NdFeB permanent rare earth magnets.  Through
its joint venture with Daido Steel and Mitsubishi Corporation, Molycorp expects
to begin manufacturing next-generation, sintered NdFeB permanent rare earth
magnets in early 2013.  For more information please visit 
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-0- Nov/10/2012  4:27 GMT
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