Molycorp secures court approval to extend exclusivity periods

By Mark Reccek

Bethlehem, Pa., Jan. 15 – Molycorp Inc. received authorization to extend its exclusive periods for filing a Chapter 11 plan of reorganization and soliciting votes on the plan, according to an order filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

The order said the exclusivity periods are extended through and including the date the court determines confirmation of the second amended joint plan of reorganization or after the plan confirmation hearing, with any further extension or the termination of the exclusivity periods to be resolved by the court after determining the confirmation of the plan.

Molycorp is a Greenwood Village, Colo., producer of materials from rare earth minerals that filed for bankruptcy on June 25, 2015. The Chapter 11 case number is 15-11357.

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