MP Materials (MP) Tops Q4 EPS by 5c
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MP Materials Reports Fourth Quarter and Full Year 2021 Results
February 24, 2022 4:05 PM ESTQuarterly production and revenues climbed 10% and 135% year-over-year, respectively
2021 production of 42,413 metric tons represents highest annual primary rare earth production in U.S. history
Generated $135.0 million of Net Income in 2021; Adjusted EBITDA of $219.1 million increased 414% year-over-year
Updated proven and probable reserve estimate extends Mountain Pass mine life 11 years to approximately 35 years
Adding heavy rare earth separation capability to Stage II supported by $35.0 million Department of Defense award
New heavy rare earth capabilities advance closed-loop recycling and third-party... More
