MP Materials Wins U.S. Rare-Earth Investment Over USA Rare Earth

MP Materials secured a 10-year $110 per kg neodymium-praseodymium sale to the U.S. Department of Defense and received a $400 million share purchase with 15% ownership, making it the DoD's largest shareholder. The DoD also committed to buying 100% of output from MP's 10X magnet facility.