What I think is that the raid controller is searching for the hdd 1tb drive as it was in the process of rebuilding it, now what you should try is keep the original disk from which it is booting as it is and put the 1tb disk drive inside, it should start the rebuilding process again, if it does let it complete and then check the raid manager. After rebuilding is complete remove the 1tb drive and replace it with another 300 gb drive which was originally in mirror with the other one.
Hope this helps.