Mp Materials Corporation - MP STOCK NEWS

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.

MP Materials Corp. (NYSE: MP), the leading rare earth materials producer in the Western Hemisphere, is set to release its Q2 2021 financial results on August 5, 2021, after market close. A conference call will follow at 2:00 p.m. Pacific Time to discuss the results. The company operates the Mountain Pass Rare Earth Mine, the only large-scale rare earth mining facility in the region, producing about 15% of global rare earth content in 2020. This production is vital for various high-growth technologies, including electric vehicles and defense systems.

MP Materials Corp. (NYSE: MP), the leading rare earth materials producer in the Western Hemisphere, announced participation in two virtual conferences. The first is a fireside chat at the Bank of America Global Metals, Mining & Steel Virtual Conference on May 20, 2021, at 9:20 a.m. PT, followed by a chat at the Jefferies Renewable Energy Conference on May 26, 2021, at 9:00 a.m. PT. These events will be webcast live, with replays available on their investor relations website. MP Materials is committed to sustainability and plays a crucial role in providing rare earth elements essential for advanced technologies.

MP Materials (NYSE: MP) has secured a $3 million award from the Department of Energy (DOE) to conduct a feasibility study with the University of Kentucky. This project aims to create a system for producing rare earth oxides and metals from coal by-products. Concentrate will be processed at the Mountain Pass facility, enhancing local economic opportunities while reducing costs and environmental impact. The initiative exemplifies the collaboration between MP Materials and the DOE to bolster the U.S. supply chain for critical materials as the economy shifts toward electrification.

MP Materials Corp. (NYSE: MP) reported a strong financial performance for Q1 2021, with revenues soaring 189% to $59.97 million from $20.72 million in Q1 2020. Net income surged 737% to $16.12 million, reflecting a substantial increase in Adjusted EBITDA, which rose 537% to $33 million. The growth was driven by a 132% rise in realized sales prices for rare earth oxides and an 18% increase in sales volumes. The company successfully issued one of the largest green bonds in the country and maintained a strong cash position, supporting its ongoing optimization projects and commitment to sustainability.

MP Materials Corp. (NYSE: MP) announced the redemption of all outstanding Public Warrants at a redemption price of $0.01 per warrant, effective June 7, 2021. This follows the achievement of a share price target of at least $18.00 per share over a specified trading period. The Board has mandated cashless exercise of these warrants, allowing holders to receive 0.6192 shares of Common Stock per warrant surrendered. The last trading day for these warrants on the NYSE will be June 4, 2021. The exercise is part of a broader strategy to reduce potential dilution for existing shareholders.

MP Materials Corp. (NYSE: MP), the leading rare earth materials producer in the Western Hemisphere, is set to release its financial results for Q1 2021 on May 6, 2021, after U.S. market hours. A conference call will follow at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. MP Materials operates Mountain Pass, the only large-scale rare earth mining site in the Western Hemisphere, producing approximately 15% of global rare earth content. This production is vital for high-growth technologies including electric vehicles and defense systems.

MP Materials Corp. (NYSE: MP) has announced the pricing of a $600 million offering of 0.25% Green Convertible Senior Notes due 2026. The offering includes a 30-day option for initial purchasers to acquire an additional $90 million. Proceeds, estimated at $584.5 million, will primarily fund eligible green projects aimed at reducing the company’s environmental impact. The notes, convertible into cash or shares at an initial rate of 22.5861 shares per $1,000, have a conversion price of approximately $44.28, representing a 26.5% premium over the company's recent stock price.