MP Materials sets a larger public offering price of $650 million
**MP Materials Raises $650 Million in Public Offering**
In a significant move, MP Materials Corp., America's only fully integrated rare earth producer, has successfully raised approximately $650 million through a public offering of its common stock. The offering, priced on July 17, 2025, saw the sale of 11,818,181 shares at $55.00 per share.
The funds raised will primarily be used to **accelerate and expand MP Materials' operations**, with a focus on its 10X Facility. This expansion is part of the company's strategic growth plan, which also includes **pursuing strategic growth opportunities** and addressing **general corporate purposes**.
The 10X Facility is a crucial component of MP Materials' advanced production capabilities in rare earth materials, integral to its fully integrated supply chain that encompasses mining, processing, metallization, and magnet manufacturing. This expansion aligns with recent strategic partnerships and agreements, such as a significant deal with Apple Inc. for rare earth magnets and a multibillion-dollar contract with the U.S. Department of Defense to reduce reliance on foreign sources.
MP Materials' products play a vital role in enabling innovation across critical sectors of the modern economy, including transportation, energy, robotics, defense, and aerospace.
J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, and Morgan Stanley & Co. LLC are acting as lead joint book-running managers of the Offering. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,772,727 shares of its common stock.
The offering is subject to customary closing conditions and is expected to close on July 18, 2025. Copies of the final prospectus supplement and the accompanying prospectus may be obtained from the aforementioned underwriters.
The communication contains forward-looking statements about the proposed offering of MP Materials Corp.'s common stock. These statements are based on various assumptions and are not guarantees or assurances. They are subject to numerous risks and uncertainties, including those discussed in MP Materials' SEC filings. The statements should not be relied upon as representing MP Materials' assessments as of any date subsequent to the date of the press release.
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The funds raised from the public offering will be utilized to accelerate and expand MP Materials' operations, particularly focusing on its 10X Facility – a key aspect of the company's strategic growth plan that also involves pursuing other strategic growth opportunities and addressing general corporate purposes. In essence, this expansion is intended to strengthen MP Materials' position in the market, aligning with its recent strategic partnerships and investments.
