MP Materials(MP) - 2024 Q1 - Quarterly Results

MP Materials Reports First Quarter 2024 Results REO production of 11,151 metric tons, the second highest ever Initial design capacity (1,000 mt) of magnetics facility fully committed Repurchased 13.0 million shares of common stock, or 7.3% of shares outstanding, for $15.43 per share Issued$747.5 million of new 3.0% convertible notes due 2030 Repurchased $480.0 million of existing convertible notes due 2026 for$428.6 million Awarded $58.5 million tax credit to advance U.S. rare earth magnet manufacturing L ...