NEW YORK -- MP Materials has entered a public-private partnership with the U.S. Department of Defense to ramp up the build-out of a supply chain for rare earth magnets and reduce foreign dependency. The DoD will buy $400 million of preferred stock and a …
Shares in MP Materials jumped after it struck an unusual deal with the Defense Department. The government will take a 15% stake in the rare-earths miner and has committed to spending billions of dollars investing in MP Materials and buying its output.
The Defense Department will become the largest shareholder in rare-earth mining company MP Materials by buying $400 million of its stock and providing another $150 million loan. Las Vegas-based MP Materials owns the only rare-earth mine in the United …
The UK’s top AUKUS envoy is urging WA and the Albanese Government to accelerate efforts to ensure the nuclear submarine pact doesn’t fall behind strict timetables, as nerves over a Pentagon review grow.
(Reuters) -MP Materials will build a new rare earth magnet plant in a multibillion-dollar deal with the Department of Defense as the U.S. looks to cut foreign dependency for the critical input, sending the company's shares up 49% in morning trade. The …
The Trump administration has resumed sending some weapons to Ukraine, a week after the Pentagon had directed that some deliveries be paused, U.S. officials said Wednesday. The weapons heading into Ukraine include 155 mm munitions and precision-guided …
Advocates of ever-higher Pentagon spending frequently argue that we must throw more money at the department to “support the troops.” But recent budget proposals and a new research paper issued by the Quincy Institute and the Costs of War Project at Brown …
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