secwatch.observer — SEC 8-K summary
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Issuer:     MP Materials Corp. / DE (MP)
CIK:        0001801368
Form:       8-K
Filed at:   2021-12-09T23:59:59+00:00
Accession:  0001193125-21-352239
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MP Materials to build Texas magnet factory, signs long-term supply deal with GM for EV motors
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- Long-term binding agreement with GM to supply U.S.-sourced rare earth alloy and magnets for more than a dozen Ultium Platform EV models starting in 2023.
- New 200,000 sq. ft. greenfield NdFeB magnet facility in Fort Worth, TX; capacity ~1,000 tonnes/year, enough for ~500,000 EV motors annually.
- Facility will create over 100 skilled jobs and serve as headquarters for MP Magnetics; sources materials from Mountain Pass, CA.
- MP Materials expects to produce 6,075 tonnes of NdPr oxide annually at Mountain Pass; Fort Worth facility will consume less than 10% of that.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801368/000119312521352239/0001193125-21-352239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801368/000119312521352239/d266957d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-352239

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