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Assets of Rare Earth Element Business

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Listing Information

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Assets of Rare Earth Element Business



Price: $1,200,000.00


Other Item Info
Item #: debke_159314
Created: 04/27/2017
Category: Business Property > All Assets or Going Concerns > Mining
Sale Location: Philadelphia, Pennsylvania
Sale Date: Wed. Jun 14, 2017
Seller Info
Tobey M. Daluz
Trustee's Attorney
919 Market Street 12th Floor
Wilmington, DE 19801
302-252-4465
Bankruptcy Info
Case #: 1:15-bk-11371
Case Title: Molycorp Minerals, LLC
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Sale of substantially all the assets of Molycorp Minerals, LLC., including all of the properties, assets and rights of any seller related to the Business, described as below:

  • All real property owned by the seller (the “Owned Real Property”), including facilities, improvements, fixtures and other appurtenances thereto and rights in respect thereof owned by a seller, including as described in Schedule 2.1(b)(i);
  • All Mineral Properties, including facilities, improvements, fixtures and other appurtenances thereto and rights in respect there of owned by a Debtor or to which a Debtor has rights, including as described in Schedule 2.1(b)(ii);
  • The buildings, facilities, infrastructure, fixtures and improvements located on the Owned Real Property or Mineral Properties;
  • All personal property, plants and equipment, machinery, heavy mobile equipment, forklifts and other warehouse equipment, vehicles, laboratory and testing equipment, samples, fixtures, furniture, furnishings, office equipment, computers and related computer hardware, information technology equipment and cabling, telecommunications equipment and cabling, leasehold improvements and other tangible personal property owned by a Debtor, wherever located, and whether or not located on or at the Owned Real Property or the Mineral Properties, including those set forth on Schedule 2.1(b)(iv) (collectively, the “Tangible Personal Property”);
  • All water rights, together with all wells and related equipment;
  • All drill core and core samples;
  • All supplies, spare parts and consumables;
  • All Permits, including Permits described in Schedule 2.1(b)(viii), to the extent transferable;
  • All cash and cash collateral posted in respect of letters of credit, bonds, or Permits, including under bonds posted by Westchester Fire Insurance Company, Ironshore, Lexon and Bond Safeguard and as set forth on Schedule 2.1(b)(ix);
  • All deposits (including security deposits for rent, electricity, telephone, other utilities or otherwise) and all prepaid or deferred payables, charges and expenses (including for ad valorem taxes, leases and rentals), including those listed on Schedule 2.1(b)(x), except for those deposits excluded under Section 2.2(h);
  • All inventory, Cerium 5320 Bag House Dust, stock piles, tailings, raw materials, semi-finished goods, concentrates, work-in-process and finished goods that, as of the close of business on the Closing Date, are used or held for use in the Business and wherever located, whether or not located at the Owned Real Property or Mineral Properties, except as specifically excluded under Section 2.2(n);
  • All Intellectual Property Rights and any rights, causes of action and remedies for past, present and future infringements of any of the Intellectual Property Rights (the “Purchased Intellectual Property”).

Assets are more particularly described in Page No. 81 to 83 on the attached PDF.


Sale Location

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1735 Market Street, 48th Floor
Philadelphia, PA, 19103

Additional Details

Auction Time: 10:00 a.m

Sale Hearing Time: June 23, 2017 at 2:00 p.m

Minimum Overbid: At the Auction, participants will be permitted to increase their bids and bidding will start at the purchase price, plus the Expense Reimbursement for the Stalking Horse Bidder, plus $50,000, and other terms proposed in the Baseline Bid, and will proceed thereafter in increments of $50,000.
Bid Deposit: 10% of the proposed purchase price
Bid Deadline: June 12, 2017

Last date to respond: June 21, 2017



Other Information

Terms and Conditions:

See Attached.


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