MP Materials Corp. (NYSE: MP) has just announced the pricing of an upsized underwritten public offering of common stock, with the company selling 11,818,181 shares 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 underwriters have also been granted a 30-day option to purchase up to an additional 1,772,727 shares of common stock.
The net proceeds from the offering are intended to be used for the acceleration and expansion of operations, including the 10x facility, strategic growth opportunities, and general corporate purposes. The offering is expected to close on July 18, 2025, subject to 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 described as 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's products enable innovation across critical sectors of the modern economy, including transportation, energy, robotics, defense, and aerospace. Following these announcements, the company's shares moved 4.91%, and are now trading at a price of $63.22. For more information, read the company's full 8-K submission here.
