Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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) Delaware ...

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players ...

MP Materials stock remains at the mercy of market pricing of its primary product. MP Materials (MP -9.74%) stock tumbled 10.4% through 10:25 a.m. ET Friday after the rare earth mining company missed on both top and bottom lines in last night's second-quarter earnings report. Heading into the quarter, analysts already weren't optimistic, forecasting a $0.09 per share loss on $40.6 million in sales -- but MP Materials still managed to miss those forecasts. The company's sales were only $31.3 million, and MP l ...

MP Materials Corp. (NYSE:MP) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Martin Sheehan - Head of Investor Relations James H. Litinsky - Founder, Chairman, and Chief Executive Officer Ryan S. Corbett - Chief Financial Officer Michael Rosenthal - Chief Operating Officer Conference Call Participants David Dekelbaum - TD Cowen Kevin Estok - Jefferies Matt Summerville - D.A. Davidson George Gianarikas - Canaccord Genuity Lawson Winder - Bank of America Bill Peterson - JPMorga ...

MP Materials Corp. (MP) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -70%. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced a loss of $0.04, delivering a surprise of -300%. Over the last four quarters, the company has surp ...

Q2 2024 Results August 1, 2024 This presentation contains certain statements that are not historical facts and are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of the words such as "estimate," "plan," "shall," "may," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "will," "target," "on track," or similar expressions that predic ...

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) (State ...

Financial Data and Key Metrics Changes - The company produced 11,151 metric tons of REO and concentrate in the quarter, a 4.5% increase year-over-year and over 20% more than Q4, mainly due to near-record uptimes and higher feed rates [52] - Adjusted EBITDA was negative $1.2 million, down year-over-year, primarily due to lower realized pricing for concentrate [82] - The realized price per kilogram of NdPr was $62, with an expected decline of approximately 20% in Q2 following market trends [54] Business Line Data and Key Metrics Changes - NdPr production volumes were roughly in line with Q4 output at 131 metric tons, with expectations to double in Q2 due to ongoing optimizations [53][92] - The concentrate business remains profitable despite multi-year lows in commodity prices, with strong cash flow and profitability from this segment [55][14] Market Data and Key Metrics Changes - Revenues declined to $48.7 million, driven by lower concentrate realized pricing and sales, partially offset by initial sales of NdPr oxide and metal [82] - The company is expanding its ex-China customer base, with initial deliveries of NdPr oxide and metal to new customers [48] Company Strategy and Development Direction - The company is focused on near-term cash flow optimization while positioning for long-term profitability, with record-level production leading to strong concentrate sales [47] - The Upstream 60K project aims to increase output by approximately 50% over the next four years with modest incremental investment [74] - The company is committed to thoughtful financial execution, emphasizing the importance of capital structure in a volatile industry [77] Management's Comments on Operating Environment and Future Outlook - Management noted that recent market conditions have negatively impacted Western attempts to broaden private investment in the rare earth supply chain [66] - There is cautious optimism regarding a potential market recovery, although the timing remains uncertain [66] - The company expects to see significant increases in production in the back half of the year, contingent on operational milestones being met [92] Other Important Information - The company received a $50 million prepayment for the manufacture and delivery of magnet precursor materials, with expectations for an additional $100 million based on operational milestones [87] - A $58.5 million award of advanced energy project tax credits was announced, highlighting the significance of the company's mission and capabilities [50] Q&A Session All Questions and Answers Question: What are the expected go-forward ramp cadence on stage two in the back half? - Management indicated that they have a clear line of sight on ramping Stage II and are focused on operational milestones related to Stage III [102] Question: What major milestones should be looked for over the next 12 months? - Management emphasized that operational milestones for Stage III are on a separate trajectory from Stage II, with clear visibility on achieving them [103] Question: What is driving the recent price changes? - Management noted that the pricing environment is influenced by broader market conditions and the competitive landscape, particularly regarding Chinese industry behavior [66]