Sole US rare earth miner to go public, use funds to build processing capacity
Published: Friday, 17 July 2020
Rare earth miner MP Materials, which operates the only rare earths mine in the United States, intends to offer shares for public trading, the company announced on Wednesday July 15.
MP Materials will list on the New York Stock Exchange at an
estimated value of around $1.5 billion.
The company expects to have more than $500 million in net
cash after the listing, and will use these funds to upgrade its
on-site processing capacity.
"Becoming a public company is...