Neo Performance Materials

Neo Performance Materials (formerly Molycorp Inc.) is a Canadian mining corporation headquartered in Toronto, Ontario. The corporation was formerly traded on the New York Stock Exchange, owned the Mountain Pass rare earth mine in California. It filed for bankruptcy in June 2015 after changing competitive circumstances, declining prices on output and a 2014 restructuring. It was purchased by its largest creditor Oaktree Capital Management and was reorganized as Neo Performance Materials.