MP Materials Corp. is the largest producer of rare earth materials in the Western Hemisphere. With over 270 employees, the Company owns and operates Mountain Pass, an iconic American industrial asset, which is the only rare earth mining and processing site of scale in the Western Hemisphere and currently produces approximately 15% of global rare earth content. Separated rare earth elements are critical inputs for the magnets that enable the mobility of electric vehicles, drones, defense systems, wind turbines, robotics and many other high-growth, advanced technologies. MP Materials’ integrated operations at Mountain Pass uniquely combine low production costs with best-in-class environmental standards, thereby restoring American leadership to a critical industry with a strong commitment to sustainability.
Company profile
Ticker
MP
Exchange
Website
CEO
Alberto Mario Griselli
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Fortress Value Acquisition Corp.
SEC CIK
Corporate docs
Subsidiaries
MP Mine Operations LLC • Secure Natural Resources LLC • MP Magnetics LLC • MP Separations Company LLC ...
MP stock data
Analyst ratings and price targets
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
8 May 23
8-K
Departure of Directors or Certain Officers
8 May 23
10-Q
2023 Q1
Quarterly report
5 May 23
8-K
MP Materials Reports First Quarter 2023 Results
4 May 23
DEFA14A
Additional proxy soliciting materials
26 Apr 23
ARS
2022 FY
Annual report to shareholders
26 Apr 23
DEF 14A
Definitive proxy
26 Apr 23
8-K
MP Materials Elects Arnold W. Donald to Board
9 Mar 23
8-K
Other Events
6 Mar 23
10-K
2022 FY
Annual report
28 Feb 23
Transcripts
MP
Earnings call transcript
2023 Q1
4 May 23
MP
Earnings call transcript
2022 Q4
23 Feb 23
MP
Earnings call transcript
2022 Q3
4 Nov 22
MP
Earnings call transcript
2022 Q2
5 Aug 22
MP
Earnings call transcript
2022 Q1
6 May 22
MP
Earnings call transcript
2021 Q4
25 Feb 22
MP
Earnings call transcript
2021 Q3
5 Nov 21
MP
Earnings call transcript
2021 Q2
6 Aug 21
MP
Earnings call transcript
2021 Q1
7 May 21
MP
Earnings call transcript
2020 Q4
19 Mar 21
Latest ownership filings
SC 13D/A
Litinsky James H.
31 May 23
4
Michael Stuart Rosenthal
31 May 23
4
James H. Litinsky
31 May 23
4
Change in insider ownership
31 May 23
SC 13D/A
JHL Capital Group LLC
26 May 23
4
Michael Stuart Rosenthal
25 May 23
4
Michael Stuart Rosenthal
23 May 23
4
Michael Stuart Rosenthal
22 May 23
4
Michael Stuart Rosenthal
22 May 23
4
Elliot Dean Hoops
19 May 23
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
|---|---|---|---|---|
| Revenue | ||||
| Cost of revenue | ||||
| Operating income | ||||
| Operating margin | ||||
| Net income | ||||
| Net profit margin | ||||
| Cash on hand | ||||
| Change in cash | ||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 654.37 mm | 654.37 mm | 654.37 mm | 654.37 mm | 654.37 mm | 654.37 mm |
| Cash burn (monthly) | (no burn) | 48.34 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 105.37 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 549.00 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 11.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
57.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 398 |
| Opened positions | 62 |
| Closed positions | 69 |
| Increased positions | 153 |
| Reduced positions | 114 |
| 13F shares | Current |
|---|---|
| Total value | 2.46 tn |
| Total shares | 102.71 mm |
| Total puts | 2.41 mm |
| Total calls | 3.00 mm |
| Total put/call ratio | 0.8 |
| Largest owners | Shares | Value |
|---|---|---|
| Shenghe Resources Holding | 13.72 mm | $441.25 mm |
| QVT Financial | 13.50 mm | $380.61 bn |
| Vanguard | 9.91 mm | $279.33 bn |
| BLK Blackrock | 8.78 mm | $247.39 bn |
| STT State Street | 5.77 mm | $162.54 bn |
| BK Bank Of New York Mellon | 2.78 mm | $78.49 bn |
| Renaissance Technologies | 2.62 mm | $72.68 bn |
| FMR | 2.22 mm | $62.66 bn |
| Van Eck Associates | 2.20 mm | $61.12 bn |
| D. E. Shaw & Co. | 1.99 mm | $56.23 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 31 May 23 | Michael Stuart Rosenthal | Common Stock | Buy | Acquire P | Yes | No | 20.69 | 5,000 | 103.45 k | 126,622 |
| 30 May 23 | Michael Stuart Rosenthal | Common Stock | Buy | Acquire P | Yes | No | 21.14 | 6,000 | 126.84 k | 121,622 |
| 26 May 23 | JHL Capital | Class A Common Stock | Other | Dispose J | No | No | 0 | 2,169,712 | 0.00 | 0 |
| 26 May 23 | JHL Capital | Class A Common Stock | Other | Dispose J | Yes | No | 0 | 21,081,917 | 0.00 | 0 |
| 26 May 23 | JHL Capital | Class A Common Stock | Sell | Dispose S | Yes | No | 22.12 | 62,820 | 1.39 mm | 0 |
| 26 May 23 | JHL Capital | Class A Common Stock | Sell | Dispose S | Yes | No | 21.65 | 585,012 | 12.67 mm | 62,820 |
| 26 May 23 | JHL Capital | Class A Common Stock | Other | Dispose J | Yes | No | 0 | 6,445,098 | 0.00 | 647,832 |
| 26 May 23 | James H. Litinsky | Common Stock | Other | Dispose J | Yes | No | 0 | 2,169,712 | 0.00 | 0 |
| 26 May 23 | James H. Litinsky | Common Stock | Other | Dispose J | Yes | No | 0 | 21,081,917 | 0.00 | 0 |
| 26 May 23 | James H. Litinsky | Common Stock | Sell | Dispose S | Yes | No | 22.12 | 62,820 | 1.39 mm | 0 |