MP Materials Corp. - MP STOCK NEWS

MP Materials Corp. (NYSE: MP), the largest rare earth materials producer in the Western Hemisphere, will participate in a virtual panel at Morgan Stanley’s 8th Annual Auto 2.0 Conference on January 5, 2022, at 10:30 a.m. Eastern Time. A live webcast will be available on their investor relations site. The company operates the Mountain Pass Rare Earth Mine, the only large-scale rare earth site in North America, producing about 15% of the global rare earth content, crucial for advanced technologies like electric vehicles and drones.

MP Materials Corp. (NYSE: MP) is set to establish its first rare earth magnet manufacturing facility in Fort Worth, Texas, sourcing materials from Mountain Pass, California. This facility will produce NdFeB alloy and magnets, with a capacity to power around 500,000 electric vehicle (EV) motors annually. A long-term agreement with General Motors (NYSE: GM) will supply U.S.-sourced materials for GM's Ultium Platform vehicles. Production is expected to commence gradually in 2023, creating over 100 skilled jobs and enhancing the domestic rare earth supply chain.

MP Materials Corp. (NYSE: MP) reported record financial results for Q3 2021, showcasing a 143% year-over-year revenue increase to $99.8 million and a 192% rise in net income to $42.8 million. Adjusted EBITDA surged 488% to $68.3 million driven by higher demand for rare earth materials, with production volumes up 18% and sales volumes rising 36%.

Strong operational efficiencies and pricing contributed to significant profitability growth, indicating continued successful execution of the company's strategic goals to restore the rare earth supply chain in the U.S.

MP Materials Corp. (NYSE: MP), the leading producer of rare earth materials in the Western Hemisphere, announced participation in a fireside chat at the 45th Annual Gabelli Automotive Symposium in Las Vegas, Nevada, on November 1, 2021, at 12:30 p.m. PT. The event underscores MP Materials' role in the rare earth market, responsible for approximately 15% of the global content in 2020. The company operates the Mountain Pass Rare Earth Mine, the only significant site of its kind in North America, promoting sustainability and restoring American leadership in this critical industry.

MP Materials (NYSE: MP), the leading producer of rare earth materials in the Western Hemisphere, will announce its third-quarter financial results for the period ending September 30, 2021, on November 4, 2021, after U.S. market close. Management will host a conference call at 2:00 PM PT to discuss these results. Investors can find additional details and access the presentation on the Company's investor relations website.

MP Materials Corp. announced a registered secondary public offering on September 13, 2021, pricing 4,250,000 shares at $35.00 per share, an increase from 4,000,000 shares. The offering is conducted by existing stockholders, not directly benefiting MP Materials, which will not receive proceeds. The underwriters hold a 30-day option to acquire an additional 637,500 shares. This transaction is expected to close on September 16, 2021. Morgan Stanley leads the offering, and investors are encouraged to review the prospectus for detailed information.

MP Materials Corp. (NYSE: MP) announced a proposed registered secondary public offering of 4,000,000 shares of common stock by existing stockholders. The offering includes a 30-day option for underwriters to purchase an additional 600,000 shares. MP Materials will not sell any shares nor receive proceeds from this offering, which won't alter the number of outstanding shares. Morgan Stanley is the lead book-running manager. This press release does not constitute an offer to sell or a solicitation to buy securities and is subject to market conditions.

MP Materials Corp. (NYSE: MP), the leading rare earth materials producer in the Western Hemisphere, announced upcoming virtual conferences featuring its executive management team.

• A fireside chat at the Cowen 14th Annual Global Transportation & Sustainable Mobility Conference on September 8, 2021.
• A fireside chat at the Morgan Stanley Virtual 9th Annual Laguna Conference on September 15, 2021.
• A fireside chat at the D.A. Davidson 20th Annual Diversified Industrials & Services Conference on September 23, 2021.

Live webcasts will be accessible at MP Materials Investor Site.

MP Materials Corp. (MP) reported robust financial results for Q2 2021, with product sales soaring to $73.1 million, a 141% increase year-over-year. The company achieved a net income of $27.2 million, a significant turnaround from a loss of $62.5 million in the same period last year. Adjusted EBITDA surged by 491% to $46.4 million. Despite a 4% dip in REO sales volume, production volume rose 11%, highlighting operational efficiencies. MP Materials continues to progress toward its Stage II and III projects, aiming for enhanced production and U.S. magnet manufacturing.