Rare earth stock in US gets huge investment

Discussion in 'Wall St. News' started by S2007S, Jul 10, 2025 at 8:44 AM.

  1. S2007S

    S2007S

    From the Pentagon..

    ???

    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.

    MP Materials owns the only operational rare earth mine in the U.S. at Mountain Pass, California, about 60 miles outside Las Vegas. Proceeds from the Pentagon investment will be used to expand MP’s rare earths processing capacity and magnet production.


    Shares of MP Materials jumped more than 40% premarket on the news.



    https://www.cnbc.com/2025/07/10/pen...-in-rare-earth-magnet-maker-mp-materials.html
     
    Last edited by a moderator: Jul 10, 2025 at 8:56 AM