MP Materials

About MP Materials

MP Materials is America's only fully integrated rare earth producer, operating across the entire supply chain from mining and processing to advanced metallization and magnet manufacturing. Based in California, they extract and refine materials from one of the world's richest rare earth deposits and manufacture high-efficiency permanent magnets. Their mission is to restore the full rare earth supply chain to the United States while collaborating with customers to build revolutionary products and materials infrastructure.

Products & Services

Rare Earth Materials:High-grade ore is mined and processed in Mountain Pass, California, into high-purity rare earth concentrates and compounds.

Rare Earth Magnets:Manufactured at their state-of-the-art facility in Texas, these are the world's most powerful and efficient permanent magnets, used in critical sectors like automotive, robotics, electronics, defense, aerospace, and energy.

Specialties

Mining and Processing of Rare Earth Materials Manufacturing of High-Efficiency Permanent Magnets Sustainable and Ethical Supply Chain Practices

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Grant T: - FT: Grant	A: 400000000 MR: - FA: $400 million FAN: 400000000	D: 2025-10-28 FD: 2025-10-28	1 investors
2	RT: Public Offering T: - FT: Public Offering	A: 650000000 MR: - FA: approximately $650 million FAN: 650000000	D: 2025-07-18 FD: 2025-07-18	3 investors
3	RT: Public Offering of Common Stock T: - FT: Public Offering of Common Stock	A: 500000000 MR: - FA: 500 million FAN: 500000000	D: 2025-07-16 FD: 2025-07-16	3 investors
4	RT: Strategic Investment T: - FT: Strategic Investment	A: 500000000 MR: - FA: 500 million FAN: 500000000	D: 2025-07-15 FD: 2025-07-15	1 investors
5	RT: Section 48C Advanced Energy Project Tax Credit T: - FT: Section 48C Advanced Energy Project Tax Credit	A: 58500000 MR: - FA: $58.5 million FAN: 58500000	D: 2024-04-01 FD: 2024-04-01	-
6	RT: Convertible Notes T: - FT: Convertible Notes	A: 650000000 MR: - FA: $650 million FAN: 650000000	D: 2024-03-05 FD: 2024-03-05	-
7	RT: Convertible Notes T: - FT: Convertible Notes	A: 500000000 MR: - FA: $500 million FAN: 500000000	D: 2024-03-04 FD: 2024-03-04	-

Grant Latest

2025-10-28

$400.0M

1 investor (Pro only)

Public Offering 2025-07-18

$650.0M

Public Offering of Common Stock 2025-07-16

$500.0M

View 6 more funding rounds with Pro

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

J

James Litinsky

Founder, Chairman & Chief Executive Officer

M

Michael Rosenthal

Founder & Chief Operating Officer

R

Ryan Corbett

Chief Financial Officer

E

Elliot Hoops

General Counsel

Z

Zachary Lehman

Chief Technology Officer

A

Alan Lund

Executive Vice President, Magnetics

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Recent News

MP Materials Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised