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MP Materials
AddedFeb 19, 2024
UpdatedJul 9, 2026
MP Materials

MP Materials

Public

MP Materials, a US-based rare-earth materials company, operates the only US rare earth mine, focusing on materials for advanced motion technologies.

HQ
Las Vegas, NV, US
Founded
2017
Overview
Compare
Fundraising
Employees
News
Website

MP Materials, founded in Las Vegas, Nevada, is dedicated to producing rare earth materials crucial for modern technologies and carbon reduction. The company operates the Mountain Pass mine, the only active rare earth mine and processing facility in the United States. MP Materials specializes in Neodymium-Praseodymium (NdPr), essential for high-strength permanent magnets used in electric vehicles, robotics, wind turbines, and drones. Their mission is to provide a sustainable and reliable supply of these materials to support advanced motion technologies.

Notable figures associated with MP Materials include its leadership team and key investors who have supported its growth and development. The company has achieved significant milestones, such as becoming the primary domestic source of rare earth materials in the U.S. and advancing environmentally-friendly processing techniques. MP Materials' impact extends to bolstering American leadership in critical materials and contributing to the global shift towards sustainable energy solutions.

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MP Materials - Quick Facts

Who are MP Materials' competitors?

Companies similar to MP Materials include USA Rare Earth, Materion, American Battery Materials and Simbol Materials.

When was MP Materials founded?

MP Materials was founded in 2017.

Where is MP Materials' headquarters located?

MP Materials' headquarters is located in Las Vegas, NV, US.

When was MP Materials' last funding round?

MP Materials' most recent funding round was for $200M (USD) in November 2020.

How much has MP Materials raised to-date?

As of Nov 17, 2020, MP Materials has raised a total of $200M (USD).

How many employees does MP Materials have?

MP Materials has 350 employees as of Feb 5, 2024.

MP Materials - Classification

Industry
  • Mining
Ownership
  • Public
Technology
  • Mining
Geographic Exposure
  • United States
Revenue
  • Transactional
Customer
  • Enterprise
Main Product
  • Rare Earth Materials
Tags
  • Cleantech
Unique IDs
  • ein: 844465489
  • secCik: 0001801368
  • ticker: MP
NAICS
  • 210000Mining, Quarrying, and Oil and Gas Extraction
SIC
  • 1000Metal Mining
Show 13 more industry codes
NAICS
  • 212000Mining (except Oil and Gas)
  • 212200Metal Ore Mining
  • 320000Manufacturing
  • 327000Nonmetallic Mineral Product Manufacturing
  • 327100Clay Product and Refractory Manufacturing
  • 327120Clay Building Material and Refractories Manufacturing
  • 332000Fabricated Metal Product Manufacturing
  • 332300Architectural and Structural Metals Manufacturing
  • 330000Manufacturing
SIC
  • 3300Primary Metal Industries
  • 3390Miscellaneous Primary Metal Products
  • 5200Building Materials, Hardware, Garden Supply, And Mobile Home Dealers
  • 3900Miscellaneous Manufacturing Industries