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Pentagon, rare earths and MP Materials

Pentagon takes $400 million stake in rare-earth miner

The Defense Department is buying $400 million of stock in rare-earth mining company MP Materials as it seeks to boost domestic sources of the critical minerals.

Forbes on MSN · 3d

U.S. Becomes Largest Shareholder In MP Materials—Rare Earth Miner—To Counter China

The Defense Department on Thursday became the largest shareholder in MP Materials, which owns the only rare earth mine in the U.S., amid a surge in demand for rare earths mined in the U.S. as China has curbed its rare earth exports amid a trade war with the U.S.

CNBC on MSN · 3d

Pentagon to become largest shareholder in rare earth miner MP Materials; shares surge 50%

The Defense Department will buy $400 million of preferred stock in MP Materials. MP Materials owns the only operational rare earth mine in the U.S. at Mountain Pass, California. It will build a second magnet manufacturing facility in the U.

Zacks Investment Research on MSN2d

MP Materials Hits 52-Week High: Should You Buy, Hold or Sell?

MP Materials MP stock hit a 52-week high of $48.12 yesterday before closing the session lower at $45.23. The stock’s gain has been fueled by the news that MP has entered into a public-private ...

3don MSN

MP Materials Stock Surges 50% on Rare Earths Contract With Defense Department

Shares of MP Materials soared 50% Thursday morning after the rare earths miner announced a multibillion-dollar agreement with the Department of Defense.

MINING.COM3d

MP Materials lands multi-billion Pentagon deal

Deal will make the US Department of Defense the largest shareholder in MP, the sole domestic producer of rare earth elements.

2dOpinion

Pentagon digs deep to mine SPAC of last resort

Beijing’s chokehold on rare earths stalled the US trade war. Even Nevada-based MP Materials, which went public via shell ...

The Motley Fool3d

Why MP Materials Stock Soared Today - The Motley Fool

As a result of the agreement, the Department of Defense is poised to become the largest shareholder of MP Materials stock. Should potential investors follow Uncle Sam's lead?

NBC Bay Area3d

Pentagon to become largest shareholder in rare earth miner MP Materials ...

The Defense Department will become the largest shareholder in rare earth miner MP Materials after agreeing to buy $400 million of its preferred stock, the company said Thursday.

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