Pentagon's Investment Sparks 43% Surge in MP Materials Shares
The Pentagon is investing $400 million in MP Materials, making it the company's largest shareholder, to expand U.S. rare earth processing and magnet production, reducing dependence on China. The investment includes preferred shares, a warrant, and guarantees a 10-year purchase commitment, with additional financing from JPMorgan, Goldman Sachs, and a $150 million loan from the Pentagon.