MP Materials boosts share repurchase program by $300M to $600M, extends through Aug 2026

MP Materials Corp. / DE

Board approved $300M increase, raising total authorization to $600M; program extended to August 30, 2026.
Since Aug 1, 2024, repurchased ~2.2M shares (1.4% of company) at avg price of $10.84.
Total 2024 repurchases: ~8.6% of shares outstanding for $225.1M.
CEO cites confidence in long-term asset value and fortress balance sheet for opportunistic buybacks.

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