July 10, 2025
Various Media Outlets
Click the following links to review news articles.
CNBC: Pentagon to become largest shareholder in rare earth miner MP Materials; shares surge 50%
Key Points
- 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.S. with the support of the Pentagon.
- Rare earths are key components in a range of military weapons systems.
Globe and Mail: Can MP and DoD Rebuild America’s Rare Earth Magnet Supply Chain?
Mining.com: MP Materials lands multi-billion Pentagon deal
Motley Fool: Why MP Materials Stock Soared Today
Forbes: U.S. Becomes Largest Shareholder In MP Materials—Rare Earth Miner—To Counter China
Barron’s: MP Materials Stock Soars 50% on a Defense Pact for Rare Earths
Keep following this story: US Department of Defense invests in MP Materials
