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How a small mining company won a big investment from the Pentagon

14 July 2025
in World
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How a small mining company won a big investment from the Pentagon
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James Litinsky’s $100 million investment in distressed debt of MP Materials has paid off significantly as the company gained prominence in the U.S. strategy to counter China’s dominance in critical minerals, leading to a 48% surge in shares after the Pentagon’s $400 million equity stake and output purchase agreement. This unusual partnership highlights a strategic shift in U.S. industrial policy aimed at enhancing domestic supply chains for essential rare earth elements used in defense and technology.

Explain It To Me Like I’m 5: James Litinsky made a big gamble on a struggling mining company in 2015, and now his company is doing really well because the government is buying a lot of the special rocks they dig up that are important for things like phones and planes.

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Tags: BigcompanyInvestmentMiningPentagonSmallWon
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