Molycorp, Inc. Receives Continued Listing Standards Notice from NYSE

Molycorp, Inc. MCP (the "Company") announced today that on December 30, 2014, the Company was notified by the New York Stock Exchange ("NYSE") that the Company's common stock is not in compliance with the NYSE's continued listing standard that requires a minimum average closing price of $1.00 per share over a period of 30 consecutive trading days. Under the NYSE's rules, the Company has a period of six months from the date of the NYSE notice to bring its 30-day average share price back above $1.00. During this period, the Company's common stock will continue to be traded on the NYSE, subject to the Company's compliance with other NYSE listing requirements. The Company will notify the NYSE of its intent to cure this deficiency. The Company's business operations, reporting requirements, credit agreements, and other debt obligations currently are unaffected by this notification.