MP Materials Corp at Gabelli Funds Automotive Symposium Transcript

Oct 31, 2023 / 06:30PM GMT
Brian C. Sponheimer - Gabelli Funds, LLC - Research Analyst

So we talked here and there about unique companies that we have at this conference. And I think no company may be as unique as MP Materials, which is truly one of its kind business as the owner and operator in the non-pass regular planning and processing facility, which is truly the only integrated site for rare materials in North America. These elements are critical in the manufacturing of magnets for motors, for vehicles. And I think as you'll hear from Ryan Corbett, the company's CFO, the opportunity here is tremendous as we move forward into the electrified world.

The company has 177 million shares, about $3.1 billion equity cap. And there's about $500 million of net cash, and about $2.6 billion for enterprise value. So we're lucky to have Ryan Corbett, the company's CFO here, to help walk through, and the overview, and then we'll get to Q&A.

So with that, Ryan, please the podium is all yours.

Ryan S. Corbett - MP Materials Corp. - CFO

Thank you. Good morning. Brian, thanks

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