secwatch.observer — SEC 8-K summary
======================================

Issuer:     MP Materials Corp. / DE (MP)
CIK:        0001801368
Form:       8-K
Filed at:   2022-02-24T23:59:59+00:00
Accession:  0001801368-22-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MP Materials reports record FY2021 revenue $332M, Q4 up 135%; 42k MT REO production
--------------------------------------------------------------------------------

- FY2021 revenue $332M (+147%); net income $135M; Adj. EBITDA $219M (+414%); record U.S. production of 42,413 MT REO.
- Q4 2021 revenue $99.1M (+135% YoY); net income $49.0M (+103%); Adj. EBITDA $71.3M (+297%); realized price $10,101/MT (+148%).
- Mine life extended to ~35 years via updated reserve estimate; $35M DoD award for heavy rare earth separation.
- Long-term GM supply agreement for rare earth magnets; initial magnetics manufacturing facility in Fort Worth, TX.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801368/000180136822000006/0001801368-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801368/000180136822000006/mp-20220224.htm
  HTML page:      https://secwatch.observer/filing/0001801368-22-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer