Molycorp Minerals Canada ULC to Cease to be a Reporting Issuer

TORONTO, March 7, 2013 /CNW/ - Molycorp Minerals Canada ULC (formerly Neo 
Material Technologies Inc.) (the "Company") announces that it has applied to 
the securities regulatory authorities in each province of Canada for a 
decision to cease to be a reporting issuer in all provinces of Canada in which 
it is a reporting issuer. If the securities regulatory authorities grant 
such a decision, the Company will no longer be a reporting issuer in any 
jurisdiction of Canada. 
The application to cease to be a reporting issuer follows the acquisition of 
the Company by Molycorp, Inc. ("Molycorp") and MCP Exchangeco Inc., a 
wholly-owned subsidiary of Molycorp, by way of a plan of arrangement (the 
"Arrangement") on June11, 2012. The Company is now a wholly-owned indirect 
subsidiary of Molycorp. 
To give effect to the completion of the Arrangement, the Company's 5% 
Convertible Unsecured Subordinated Debentures with a maturity date of December 
31, 2017 (the "Debentures") are convertible into a prescribed number of shares 
of Molycorp common stock and cash. Any Debentures which remain outstanding 
will continue to be governed by the debenture indentures dated June 2, 2011 
and June 11, 2012. 
For further information regarding the Arrangement, please refer to the 
Company's news releases dated March8, 2012 and June11, 2012. 
Molycorp is listed on the New York Stock Exchange under the trading symbol 
"MCP", and its continuous disclosure documents and other information regarding 
its consolidated business and operations may be accessed under the Molycorp 
corporate profile at 
About Molycorp Minerals Canada ULC 
Molycorp Minerals Canada ULC is a producer, processor and developer of 
neodymium-iron-boron magnetic powders, rare earths and zirconium based 
engineered materials and applications, and other rare metals and their 
compounds through its Magnequench and Performance Materials divisions. These 
innovative products are essential in many of today's high technology products. 
Magnequench's powders are used to produce bonded magnets, generally used in 
micro motors, precision motors, sensors and other applications requiring high 
levels of magnetic strength, flexibility, small size and reduced weight. Rare 
earth and zirconium applications include catalytic converters, computers, 
television display panels, optical lenses, mobile phones and electronic chips. 
The Company's rare metals products are primarily used in the wireless, LED, 
flat panel, turbine, solar and catalyst industries. The Company is 
headquartered in Toronto, Canada. 
About Molycorp, Inc. 
With offices in the U.S., Europe, and Japan, Molycorp, Inc. is one of the 
world's leading rare earths and rare metals companies. Fully integrated across 
the rare earth mine-to-magnets supply chain, it currently produces rare earth 
oxides at its flagship rare earth mine and processing facility at Mountain 
Pass, California, as well as rare earth metals, rare earth alloys, and the 
rare metals niobium and tantalum. Through its joint venture with Daido Steel 
and Mitsubishi Corporation, Molycorp expects to begin manufacturing 
next-generation, sintered neodymium-iron-boron (NdFeB) permanent rare earth 
magnets in 2013. The rare earths and rare metals that Molycorp produces are 
critical inputs in existing and emerging applications including: clean energy 
technologies, such as hybrid and electric vehicles and wind power turbines; 
multiple high-tech uses, including fiber optics, lasers and hard disk drives; 
numerous defense applications, such as guidance and control systems and global 
positioning systems; advanced water treatment technology for use in 
industrial, military and outdoor recreation applications; and other 
technologies. For more information please visit 
Forward-Looking Information 
Certain information contained in this news release is "forward-looking". These 
statements relate to future events, some of which are outside of the Company's 
control. These forward-looking statements reflect the Company's current 
internal expectations or beliefs and are based on information currently 
available to the Company. These forward-looking statements are subject to a 
variety of risks and uncertainties, including the risk that the conditions 
precedent to the Arrangement will not be satisfied in the expected timeframe 
or at all. In some cases forward-looking information can be identified by 
terminology such as "may", "will", "should", "expect", "intend", "plan", 
"anticipate", "believe", "estimate", "projects", "potential", "scheduled", 
"forecast", "budget" or the negative of those terms or other comparable 
terminology. Although the Company believes that the forward-looking 
information contained in this news release is based on reasonable assumptions, 
readers cannot be assured that actual results will be consistent with such 
statements. Accordingly, readers are cautioned against placing undue reliance 
on forward-looking information. The Company expressly disclaims any intention 
or obligation to update or revise any forward-looking information, whether as 
a result of new information, events or otherwise, except in accordance with 
applicable securities laws. 
+1 416.367.8588 PHONE 
+1 416.367.5471 FAX 
SOURCE: Molycorp Minerals Canada ULC 
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CO: Molycorp Minerals Canada ULC
ST: Ontario 
-0- Mar/08/2013 01:51 GMT
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