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Bullboard - Stock Discussion Forum MP Materials Corp MP

Financial Services Metals & Mining Industrial Metals & Minerals
MP Materials Corp. produces specialty materials that are vital inputs for electrification and other advanced technologies. The Company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility (Mountain Pass) in North America, and is constructing a rare earth metal, alloy and magnet manufacturing facility in Fort Worth, Texas (the Fort Worth Facility). The Company produces... see more

NYSE:MP - Post Discussion

MP Materials Corp > MP Materials Awarded $58.5 Million
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Post by Betteryear2 on Apr 02, 2024 2:24am

MP Materials Awarded $58.5 Million

LAS VEGAS--()--MP Materials (NYSE: MP) has received a $58.5 million award to advance its construction of America’s first fully-integrated rare earth magnet manufacturing facility. The Section 48C Advanced Energy Project tax credit allocation was issued by the IRS and Treasury following a competitive, oversubscribed process administered by the Department of Energy that evaluated the technical and commercial viability and environmental and community impact of approximately 250 projects.

MP Materials Awarded $58.5 Million to Advance U.S. Rare Earth Magnet Manufacturing | Business Wire

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