MP Materials announced a $300 million increase to its share repurchase program, bringing the total authorized amount to $600 million. The program has been extended until August 30, 2026, demonstrating the company's confidence in its long-term value and assets.Since the August 1, 2024 earnings announcement, the company has repurchased approximately 2.2 million shares (1.4% of the company) at an average price of $10.84. Combined with March repurchases, MP Materials has bought back 8.6% of its common stock in 2024, totaling $225.1 million.The company maintains flexibility in executing the buyback through various methods, including open market purchases, private transactions, and structured programs. Management will determine the timing, pricing, and amount of transactions based on market conditions, regulatory requirements, and alternative capital allocation opportunities while maintaining a strong balance sheet.

MP Materials announced a $300 million increase to its share repurchase program, bringing the total authorized amount to $600 million. The program has been extended until August 30, 2026, demonstrating the company's confidence in its long-term value and assets.Since the August 1, 2024 earnings announcement, the company has repurchased approximately 2.2 million shares (1.4% of the company) at an average price of $10.84. Combined with March repurchases, MP Materials has bought back 8.6% of its common stock in 2024, totaling $225.1 million.The company maintains flexibility in executing the buyback through various methods, including open market purchases, private transactions, and structured programs. Management will determine the timing, pricing, and amount of transactions based on market conditions, regulatory requirements, and alternative capital allocation opportunities while maintaining a strong balance sheet.