Exhibit 99.1 MP Materials Reports Second Quarter 2024 Results NdPr production more than doubled quarter-over-quarter to 272 metric tons; expect 50% sequential growth in Q3 Signed NdPr supply agreement with a global automaker for a significant volume commitment Awarded Department of Defense NdPr supply contract Received initial $50 million magnetics customer prepayment Expecting approximately $190 million in additional customer prepayments and tax credits by the end of 2025 Commissioned prototype magnet prod ...

American Bailout Introduction In fact, MP shares are down to less than $13, which is barely above the price it had when it went public through a SPAC deal in 2020. Please note that the share count has been fairly consistent during these years, with an increase from 170.7 million to 178.1 million shares. After peaking at roughly $60 in 2022, the stock has been in a nonstop downtrend, falling to a current market cap of $2.1 billion. It's A Long-Term Secular Trend, Which Makes It So Tough When trading, it's mu ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-39277 MP MATERIALS CORP. (Exact name of registrant as specified in its charter) Delawar ...

some of these smaller projects and what they can do. And as I mentioned, we do have two that are coming online at the back of this year. As with all projects, we would assume that initially there'll be perhaps a negative impact from disruption and or uptime before we start to see the benefit. So, I would say early next year before we'd expect to start to see the real impact of 60K. But we still work on normal optimizations and that was what you saw evident this quarter. Matt Somerville Martin Sheehan Operat ...

Q1 2024 Results May 2, 2024 Accordingly, the Company cautions that the forward-looking statements contained herein are qualified by important factors that could cause actual results to differ materially from those reflected by such statements. These forward-looking statements are subject to a number of risks and uncertainties, including fluctuations and uncertainties related to demand for and pricing of rare earth products; changes in domestic and foreign business, market, financial, political and legal con ...

MP Materials Reports First Quarter 2024 Results REO production of 11,151 metric tons, the second highest ever Initial design capacity (1,000 mt) of magnetics facility fully committed Repurchased 13.0 million shares of common stock, or 7.3% of shares outstanding, for $15.43 per share Issued $747.5 million of new 3.0% convertible notes due 2030 Repurchased $480.0 million of existing convertible notes due 2026 for $428.6 million Awarded $58.5 million tax credit to advance U.S. rare earth magnet manufacturing L ...

USA News Group CommentaryIssued on behalf of Ares Strategic Mining Inc. VANCOUVER, BC, May 1, 2024 /PRNewswire/ -- In an effort to bolster the domestic supply chain for critical minerals and materials, the Biden Administration recently announced a $17.5-million investment to develop more affordable, sustainable production processes throughout the USA. The announcement came just days after the Center for Strategic & International Studies's (CSIS) Project on Critical Minerals Security launch, meant to build t ...

MP Materials Corp. (MP) closed the latest trading day at $14.74, indicating a -1.93% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 1.23%. Elsewhere, the Dow lost 1.36%, while the tech-heavy Nasdaq lost 1.4%.The company's stock has climbed by 1.97% in the past month, falling short of the Basic Materials sector's gain of 7.94% and outpacing the S&P 500's gain of 1.61%.Investors will be eagerly watching for the performance of MP Materials Corp. in its u ...

MP Materials (MP) announced that it received a $58.5-million award to advance the construction of its fully integrated rare earth magnet manufacturing facility. This will be the first of its kind facility in the United States, with a capacity to produce approximately 1,000 tons of Neodymium-iron-boron (NdFeB) magnets annually.MP Materials began construction on its manufacturing site in Fort Worth, TX, in April 2022. It plans to start the commercial production of precursor materials in Fort Worth in the summ ...

MP Materials Corp. (MP) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned -7.6% over the past month versus the Zacks S&P 500 composite's +3.3% change. The Zacks Mining - Miscellaneous industry, to which MP Materials belongs, has gained 4.2% over this period. Now the key question is: Where could the stock be headed in the near term?Although media repor ...