Mp materials announces new share repurchase authorization

Las vegas--(business wire)---- $mp #rareearth--mp materials corp. (nyse: mp) (“mp materials” or the “company”) today announced that its board of directors has authorized a share repurchase program of up to $300 million of the company's outstanding common stock (“shares”), enabling the company to opportunistically create value for shareholders. the $300 million authorization is effective for 1 year and does not require the purchase of any minimum number of shares. mp materials may purchase shares from time to time.
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