Molycorp Receives Court Approval for Interim Financing

Greenwood Village, Colo. – Molycorp, Inc. (OTC: MCPIQ), (“Molycorp” or the “Company”) the only global, vertically-integrated producer of rare earth products used in many electronic, transportation, industrial and clean energy applications, reported today that it had received approval from the U.S. Bankruptcy Court on $22 million in interim debtor-in-possession (DIP) financing provided by an affiliate…