Cramer's Mad Dash: MP Materials Corp.

Company Overview - MP Materials is partnering with the DoD to increase the supply of rare earth magnets [1] - MP Materials owns Mountain Pass, the number one rare earth minerals site in the US [2] Financial & Market Position - The stock was up between 9% and 15% due to a 23% short position [2] - As a SPAC, the company previously lacked sufficient capital for full development [3] Strategic Implications - The deal shores up the defense department's access to rare earth minerals [1] - The deal is expected to reduce reliance on China, potentially requiring collaboration with Mexico [3]