Reports Q1 revenue $90.65M, consensus $72.14M. “MP Materials (MP) delivered record NdPr production and sales with solid Adjusted EBITDA generation in the first quarter,” said James Litinsky, Founder, Chairman and CEO of MP Materials. “We advanced key growth initiatives, expanding operations at Independence and breaking ground on 10X, with scaled heavy rare earth separation commissioning activities set to begin imminently at Mountain Pass. These achievements reflect our disciplined execution, the exceptional capabilities of our growing team, and the accelerating momentum behind our vertically integrated strategy.”
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