Overview

• MP shares rose 8.28% Thursday to $77.21 and ticked higher in premarket trading Friday.
• CEO James Litinsky told CNBC the Pentagon approached MP for a “true public‑private partnership” driven by an immediate national security need.
• In July, the Department of Defense invested $400 million for roughly a 15% stake and guaranteed 10 years of magnet purchases at a $110 per kilogram floor.
• Apple committed $500 million, including $200 million in prepayments, to secure rare‑earth magnet supply and support recycling efforts.
• MP targets a tenfold increase in magnet output at its 10X facility to 10,000 metric tons by 2028, with shares up about 394% year to date.