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Pentagon to become largest shareholder in rare earth magnet maker MP Materials
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Pentagon to become largest shareholder in rare earth magnet maker MP Materials

eriinfo.com3 months ago06 mins

The Defense Department will become the largest shareholder in rare earth miner MP Materials after agreeing to buy $400 million of its preferred stock, the company said Thursday. MP Materials owns the only operational rare earth mine in the U.S. at Mountain Pass, California, about 60 miles outside Las Vegas. Proceeds from the Pentagon investment…

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  • Egyptian authorities probe disappearance of rare 4,000-year-old limestone relief from Saqqara
  • What declaration of Mt. Kulal as Kenya’s 70th Important Bird and Biodiversity Area means for nature conservation
  • As DStv turns 30, it faces its toughest battle yet
  • Africa: Alake – Let’s Make Minerals Fulcrum of Africa’s Transformative Industrialization
  • Nobel Prize for medicine awarded to immune system researchers | News
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