Mountain Pass

  • Pentagon Secures Shares in North America’s Only Full Rare Earths Supply Chain

    Here’s the concise English summary (94 words):

    The Pentagon acquires a $400 million strategic stake in Mountain Pass Materials, becoming the largest shareholder in America’s sole integrated rare earth producer. Securing 15% ownership via convertible preferred shares, the deal includes price-protected 10-year supply agreements and potential future investments to strengthen domestic mineral supply chains. Concurrently, Mountain Pass announced plans to build a rare earth magnet plant by 2028, expanding capacity to 10,000 tons annually for EV and defense needs. The transaction, supported by $1.15 billion in strategic funding from Wall Street banks, aims to solidify U.S. critical mineral independence.

    9 hours ago