Posted on 07/10/2025 5:55:52 AM PDT by Racketeer
Key Points: The Defense Department will buy $400 million of preferred stock in MP Materials.
MP Materials owns the only operational rare earth mine in the U.S. at Mountain Pass, California.
It will build a second magnet manufacturing facility in the U.S. with the support of the Pentagon.
**** JPMorgan and Goldman Sachs are providing $1 billion to help finance the manufacturing facility. MP Materials also expects to receive a $150 million loan from the Pentagon to expand its rare earth separation capabilities at Mountain Pass.
(Excerpt) Read more at cnbc.com ...
The government SHOULD BE investing in this .
A huge national security issue.
One of the few things they should do
“The government SHOULD BE investing in this .”
I guess you mean the people, yet how are the profits allocated or the losses covered?
Someone who owns preferred stock is a shareholder. Stock and shares are pretty much interchangeable terms.
Profits should come back to the govt and be used to lessen tax needs.
But again main point is we have these materials available versus buying from China or Russia
Ok. Let me rephrase. It is not voting common stock and does not factor into the market cap of a company. It’s not common stock. Happy?
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