MP Materials Corp. (NYSE:MP) BofA Securities 2025 Commodities Conference June 22, 2025 12:00 PM ET Company Participants Ryan S. Corbett - Chief Financial Officer Conference Call Participants Michael Widmer - BofA Securities, Research Division Operator Ladies and gentlemen, the program is about to begin. [Operator Instructions] At this time, it is my pleasure to turn the program over to your host, Michael Widmer. Please go ahead. Michael Widmer Thank you very much, and good morning, good afternoon, everyone. ...

NEW YORK, June 09, 2025 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining company, is pleased to publish for the first time the assay results of eleven deep diamond drill holes from the Tanbreez Project in Greenland drilled in 2007 and 2013 at the Fjord Deposit. Commenting on the assay results, Tony Sage, CEO and Executive Chairman of the Company, said: "I am further encouraged by the deep diamond drill hole results at Tanb ...

Core Viewpoint - MP Materials and Idaho Strategic Resources are pivotal in enhancing U.S. critical mineral independence and national security through domestic resource development [1][2][3] Group 1: Company Overview - MP Materials is the only fully integrated rare earth producer in the U.S., with a market capitalization of $3.22 billion [1] - Idaho Strategic Resources is a gold producer with a market capitalization of around $190 million and holds the largest rare earth elements land package in the U.S. [2] Group 2: Market Context - Rare earth elements (REEs) are essential for clean-tech applications, including electric vehicles and defense, with the market currently dominated by China [3] - There is a growing emphasis on developing domestic REE capabilities in the U.S. to reduce reliance on foreign sources [3] Group 3: MP Materials Performance - MP Materials reported a 25% year-over-year revenue increase to $60.8 million in Q1 2025, with NdPr production soaring 330% to 563 metric tons [6] - The company experienced a 33% decline in sales volumes of rare earth concentrate, leading to a $10 million revenue drop in that segment [7] - MP Materials halted rare earth concentrate shipments to China due to tariffs, which previously accounted for approximately 50% of its revenues in Q1 2025 [9] Group 4: Idaho Strategic Resources Performance - Idaho Strategic Resources achieved a 23% year-over-year revenue increase to $7.3 million in Q1 2025, driven by a 44.7% rise in average realized gold prices [16] - The company reported earnings of 12 cents per share, a 29% decline year-over-year, attributed to increased exploration costs [16][17] - IDR plans to execute its largest exploration program at the Golden Chest Mine and other properties in 2025 [19] Group 5: Future Outlook - MP Materials expects to ramp up production of separated rare earth products, which will lead to higher costs in 2025 [10] - Idaho Strategic Resources is focusing on thorium mining and has signed a MoU with Clean Core Thorium Energy to advance a domestic supply chain [18] Group 6: Valuation and Investment Considerations - MP Materials has a forward price-to-sales ratio of 9.85X, while Idaho Strategic Resources has a lower ratio of 6.55X [25] - Despite near-term earnings pressure, MP Materials is viewed as a strong investment due to its integrated supply chain capabilities [27]

The results of the PEA demonstrate that the Tanbreez Project is expected to have a Net Present Value (NPV) of approximately US$3 Billion (approximately US$2.8 Billion to 3.6 Billion at discount rates of 15% and 12.5%, respectively, before tax), with an Internal Rate of Return (IRR) of approximately 180%. The NPV was calculated based off an initial Mineral Resource Estimate (MRE) of 44.97 million metric tons of rare earth materials (indicated and inferred resources), which is approximately 1% of the 4.7 bill ...

NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) -- Critical Metals Corp. (NASDAQ:CRML) ("Critical Metals Corp" or the "Company"), a leading mining development company, today announced that the Company has released an independent Preliminary Economic Assessment ("PEA") on the Tanbreez Project in Southern Greenland, one of the largest rare earth deposits in the world with a 4.7 billion metric ton mineralized kakortokite unit. The full PEA report, which is a key study for advancing the development strategy for the T ...