MP Materials CFO Ryan Corbett presented at the Jefferies Global Industrials Conference on September 9, 2026. His presentation detailed expansion plans for the company's rare-earth magnet facility, which the U.S. Pentagon supports. Pentagon backing includes agreements to cover potential price shortfalls and guarantees a significant portion of EBITDA. These agreements link the project's economics to U.S. national security interests.
MP Materials targets an annual output of 7,000 metric tons from the expanded facility. The Pentagon's involvement provides financial stability and de-risks the execution of this major downstream project. This project is central to MP Materials' strategy to establish a complete domestic rare earths supply chain.
Separately, Teamwork Financial Advisors LLC acquired a new stake in MP Materials. This stake is valued at approximately $10.65 million.