MP Materials has received a $58.5M award to advance its construction of America’s first fully-integrated rare earth magnet manufacturing facility. The Section 48C Advanced Energy Project tax credit allocation was issued by the IRS and Treasury following a competitive, oversubscribed process administered by the Department of Energy that evaluated the technical and commercial viability and environmental and community impact of approximately 250 projects.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MP:
- MP Materials price target lowered to $22 from $23 at Canaccord
- MP Materials downgraded to Equal Weight at Morgan Stanley on muted price outlook
- MP Materials downgraded to Equal Weight from Overweight at Morgan Stanley
- MP Materials price target lowered to $25 from $30 at BofA
- MP Materials files to sell $500M of Convertible Senior Notes due 2030
