Molycorp debtor wins approval of $2.5 million sale of Tolleson assets

By Caroline Salls

Pittsburgh, April 6 – Molycorp, Inc. received court approval to sell substantially all of the assets of subsidiary Molycorp Metals & Alloys, Inc. to Eutectix, LLC for $2.5 million, according to an order filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The assets to be sold are associated with Molycorp Metals’ Tolleson, Ariz., manufacturing facility.

Molycorp, based in Greenwood Village, Colo., produces materials from rare earth minerals. The company filed for bankruptcy June 25, 2015 under the Chapter 11 case number 15-11357.

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