With that, I'll turn the call over to Jim. Jim? Jim Litinsky Thanks, Martin. Good afternoon, everyone. Let me begin with a brief overview of today's call. First, I will discuss the highlights from the fourth quarter and full year 2023, while adding some important context from the first two months of 2024. Ryan will then run through our financials and KPIs, followed by Michael, who will review our operational progress. I will then close with my macro commentary before turning the call over to Q&A. Moving on ...

(in thousands, unaudited) 1. Represents non-cash revenue recognized in connection with a tariff rebate received relating to product sales from prior periods. 2. See "Use of Non-GAAP Financial Measures" for definition and further information. For the three months ended September 30, For the year ended December 31, | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------- ...

Exhibit 99.1 MP Materials Reports Fourth Quarter and Full Year 2023 Results Exceeded 40,000 metric tons of REO production for the third consecutive year Commenced production of separated rare earth products Produced 200 metric tons of NdPr oxide in 2023 Generated $253.4 million of revenue in 2023 Produced $24.3 million of net income and Adjusted EBITDA of $102.5 million in 2023 LAS VEGAS – February 22, 2024 – MP Materials Corp. (NYSE: MP) ("MP Materials" or the "Company"), today announced its financial resu ...

The most recent trading session ended with MP Materials Corp. (MP) standing at $16.55, reflecting a -0.9% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.82% gain on the day. Meanwhile, the Dow experienced a rise of 0.41%, and the technology-dominated Nasdaq saw an increase of 0.95%.Shares of the company have depreciated by 7.38% over the course of the past month, underperforming the Basic Materials sector's loss of 4.99% and the S&P 500's gain of 5.59%.The investment comm ...

MP Materials Corp. (MP) ended the recent trading session at $16.05, demonstrating a -1.53% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.06% for the day. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.76%.Prior to today's trading, shares of the company had lost 17.88% over the past month. This has lagged the Basic Materials sector's loss of 6.09% and the S&P 500's gain of 3.36% in that ...

RHJChina announced export controls on the export of two rare earth metals in early July 2023. Since then, MP Materials (NYSE:MP) stock price has sagged, despite being North America’s largest operational rare earth mining operation. In late December 2023, China announced banning exporting of certain technologies related to rare earths processing. It may be a good time to revisit MP - market interest in this company has waned, which is evident in the sparse coverage on this stock from the big investment b ...

MP Materials Corp. (MP) closed at $18.59 in the latest trading session, marking a +1.36% move from the prior day. The stock lagged the S&P 500's daily gain of 1.41%. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 2.2%.Coming into today, shares of the company had gained 9.56% in the past month. In that same time, the Basic Materials sector gained 5.33%, while the S&P 500 gained 2.9%.Market participants will be closely following the financial results of M ...

As we look to 4Q and beyond, we are increasingly confident in our ability to reach our production targets. With enough operational time now under our belt in most plant areas, we are encountering fewer entirely unexpected problems and now spend most of our time addressing our known pain points. In the next few quarters, we will continue to focus first on increasing process stability, next on ensuring longer uninterrupted run times and then on increasing plant throughput rate. We believe this approach satisf ...

Safe Harbor 3 Highlights Stage II Midstream • Tenth consecutive quarter of over 10,000 metric tons of REO production • Announced "Upstream 60K" strategy targeting ~50% expansion of REO output within four years with modest investment • Production ramp to continue in Q4 and into 2024 • Customer deliveries beginning in Q1 Stage III Downstream • Team moving into new magnetics headquarters • Installation of production equipment ongoing • Assessing high return on capital capacity expansion 4 Operations and Financ ...

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 September 30, 2023 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) (St ...