Past year: ▼ 27%(41.37 – 66.04 USD)
Each one in plain English, with the numbers worked through for a shareholder.
25 Aug 2025debt financing▲ GoodMajor
Secured a new $275 million, 5-year revolving credit facility from JPMorgan Chase (with Goldman Sachs and Morgan Stanley as joint lead arrangers), adding bank credit alongside the DoD partnership signed the previous month.
10 July 2025capital raising announcement▲ GoodMajor
Entered a landmark public-private partnership with the U.S. Department of Defense: a $400 million DoD equity stake (with up to $350 million more available) plus a $150 million loan, a 10-year $110/kg NdPr price floor, and a 10-year DoD offtake agreement for magnets from a new '10X' facility — sharply de-risking expansion and reducing reliance on buyers like Shenghe.
22 Jan 2025production update▲ GoodMajor
Began commercial NdPr metal production and trial production of automotive-grade sintered magnets at its Fort Worth 'Independence' facility — the first US rare-earth magnet manufacturing in a generation — while 2024 Mountain Pass output hit a record 45,000+ metric tons of rare earth oxide concentrate.
17 Dec 2024capital raising announcement▲ Good
Privately exchanged about $142 million of its 2026 green convertible notes for roughly $115 million of the newer 2030 notes, trimming total debt principal while pushing the maturity further out.
8 Mar 2024capital raising announcement▲ GoodMajor
Completed a second major convertible bond raise: $747.5 million of 3.00% Convertible Senior Notes due 2030, funding continued buildout of the Fort Worth magnet facility.
16 Jan 2024material agreement● Neutral
Renewed its rare-earth offtake agreement with Shenghe Resources for another two years on similar terms, replacing the 2022 agreement.
17 Feb 2023security holder rights change▼ BadMajor
Petitioned the Delaware Court of Chancery to validate a 2020 charter amendment that had increased authorized shares, after determining it may not have received the separate class vote Delaware law requires — creating legal uncertainty over shares issued under it since.
4 Mar 2022material agreement● NeutralMajor
Signed a two-year take-or-pay offtake agreement making Shenghe Resources (Singapore), a Chinese rare-earth trader, the exclusive buyer of MP Materials' rare-earth concentrate from Mountain Pass — the company's main revenue relationship while it builds out its own downstream refining.
7 June 2021listing compliance notice● NeutralMajor
MP Materials Corp. / DE's exchange filed to remove a class of its securities from listing.
4 May 2021capital raising announcement▲ Good
Called for redemption of all outstanding warrants left over from the 2020 SPAC IPO, closing out that piece of the capital structure; redemption is only triggered once the stock trades well above the $11.50 exercise price.
26 Mar 2021capital raising announcement▲ GoodMajor
Completed a $690 million offering of 0.25% Green Convertible Senior Notes due 2026, raising about $672 million net to fund expansion of its rare-earth processing operations.
23 Nov 2020auditor change● Neutral
Filed the full post-merger 'Form 10-equivalent' disclosure required because the SPAC had been a shell company, and engaged KPMG as the new operating company's independent auditor, replacing Withum, Fortress Value's former auditor.
18 Nov 2020listing compliance notice● NeutralMajor
MP Materials Corp. / DE's exchange filed to remove a class of its securities from listing.
17 Nov 2020business combination▲ GoodMajor
Completed the merger: Fortress Value Acquisition Corp formally became MP Materials Corp., with the combined company's stock beginning to trade on the NYSE under ticker MP.
6 Nov 2020business combination● Neutral
Announced the merger registration statement had been declared effective, clearing the way for the shareholder vote to close the MP Materials deal.
19 Oct 2020business combination● Neutral
The amendment set 12 October 2020 as the record date and put the trust at about $345.07 million. It also disclosed that the JHL Capital Group holding entities would distribute units to James Litinsky personally, or to entities he controls, before closing, so that he would hold the resulting Class A shares directly.
1 Oct 2020business combination● Neutral
The amendment narrowed the exclusive-forum clause holders would live under, carving out any claim arising under the federal securities laws rather than only claims under the Securities Act and Exchange Act, and set out the pro forma effect of paying off MP Mine Operations' existing secured and unsecured notes and of the earnout shares owed to Secure Natural Resources' unitholders.
27 Aug 2020business combination● NeutralMajor
Fortress Value Acquisition, a blank-cheque company that had raised $345 million in May 2020, registered the shares for its combination with MP Mine Operations and Secure Natural Resources -- the owners of the Mountain Pass rare earth mine and processing plant in California, the only integrated facility of its kind in the western hemisphere, run by about 250 people. The structure runs through a pre-closing reorganisation and two pairs of consecutive mergers, leaving both companies as indirect subsidiaries.
27 Aug 2020business combination● Neutral
Amended the pending merger agreement on a technical basis: waived a pre-closing title-opinion requirement and tightened the conditions under which post-merger earnout shares would vest.
15 July 2020business combination▲ GoodMajor
Fortress Value Acquisition Corp agreed to merge with MP Mine Operations (owner of the Mountain Pass rare-earth mine) and Secure Natural Resources, taking the renamed MP Materials public via SPAC merger.
8 May 2020capital raising announcement● Neutral
Follow-up filing on the same IPO, adding the audited post-closing balance sheet and the breakdown of trust-account funding, including an $8.9 million private warrant placement to the sponsor.
4 May 2020capital raising announcement▲ GoodMajor
Fortress Value Acquisition Corp, the blank-check company that would go on to take MP Materials public, completed its IPO, selling 34,500,000 units at $10 each for $345 million in gross proceeds.
29 Apr 2020listing compliance notice▲ GoodMajor
the exchange certified MP Materials Corp. / DE's securities for listing, clearing them to begin trading.
