Materials Corporation begins the initiation of a planned $500 million public offering of common stock shares.
MP Materials Corp, the only fully integrated rare earth producer in the United States, has launched a public offering of its common stock, initially valued at $500 million, which has since been upsized to $650 million as of July 2025. The offering, underwritten by major financial institutions including J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, and Morgan Stanley & Co. LLC, is expected to close by July 18, 2025, subject to customary conditions.
The company plans to utilise the net proceeds from this offering primarily for accelerating and expanding operations, notably the 10X Facility, a key part of MP Materials' growth. The funds will also be allocated towards pursuing strategic growth opportunities to strengthen its market position and supporting general corporate purposes.
MP Materials extracts and refines materials from one of the world's richest rare earth deposits in California, and manufactures the world's strongest and most efficient permanent magnets. This fundraising comes amid significant strategic interest in U.S. rare earth independence, underscored by a recent Department of Defense partnership involving a $400 million purchase of convertible stock, highlighting the critical role MP Materials plays in national security and supply chain resilience.
J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, and Morgan Stanley & Co. LLC are acting as lead managers for the offering. MP Materials expects to grant the underwriters a 30-day option to purchase up to 15% additional shares. A preliminary prospectus supplement and accompanying prospectus for the offering will be available on the SEC's website.
Investor inquiries can be directed to Martin Sheehan at [email protected], while media inquiries can be directed to Matt Sloustcher at [email protected]. It is important to note that this press release contains forward-looking statements, which are not guarantees, assurances, predictions, or definitive statements of fact or probability. Undue reliance should not be placed upon the forward-looking statements.
MP Materials Corp. has a shelf registration statement for the offering that was filed with the SEC and became effective on February 28, 2025. The products enabled by this company contribute to innovation across critical sectors of the modern economy, including transportation, energy, robotics, defense, and aerospace. However, actual events and circumstances may differ materially from the forward-looking statements.
MP Materials' forward-looking statements are subject to various risks and uncertainties, as detailed in its SEC filings. The offering is subject to market and other conditions. MP Materials Corp. (NYSE: MP) encourages investors to carefully consider these risks and uncertainties. This information is about MP Materials Corp. (NYSE: MP).
The company, MP Materials Corp, plans to invest a significant portion of the proceeds from its public offering towards accelerating and expanding operations, particularly the 10X Facility, a key growth initiative. Additionally, the funds will be allocated towards pursuing strategic business opportunities that strengthen MP Materials' market position and support general corporate purposes.
