MP Materials Corp. (NYSE: MP) has announced the pricing of an upsized underwritten public offering of common stock, with the company selling 11,818,181 shares of common stock at a public offering price of $55.00 per share. The aggregate gross proceeds from the offering are expected to be approximately $650 million. The company has also granted the underwriters a 30-day option to purchase up to an additional 1,772,727 shares of its common stock at the public offering price per share.
The net proceeds from the offering are intended to be used to fund the acceleration and expansion of operations, including the 10x facility, for strategic growth opportunities, and for general corporate purposes. The offering is expected to close on July 18, 2025, subject to the satisfaction of customary closing conditions.
J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC are acting as lead joint book-running managers of the offering, with Morgan Stanley & Co. LLC also acting as a book-running manager.
MP Materials is America’s only fully integrated rare earth producer, with capabilities spanning the entire supply chain—from mining and processing to advanced metallization and magnet manufacturing. The company 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, enabling innovation across critical sectors of the modern economy, including transportation, energy, robotics, defense, and aerospace. As a result of these announcements, the company's shares have moved 4.91% on the market, and are now trading at a price of $63.22. For the full picture, make sure to review MP Materials's 8-K report.
