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MP Materials Corp. / DE

NYSE:MP
US$46.31Close 7 Oct 2026 · delayed

Past year: ▼ 27%(41.37 – 66.04 USD)

Market cap
A$11.67bn
Shares on issue
178m
Story beats
14 since 2020
Last event
25 Aug 2025

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

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.

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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.

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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.

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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.

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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.

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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.

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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.

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