Identifiers
Operating jurisdiction
USA (Mountain Pass, CA; Independence facility, Fort Worth, TX)
Sector classification
Mountain Pass mine remains the largest revenue source (REO concentrate sales plus growing separated NdPr oxide). The Independence magnet plant ramped commercial production in 2025 but represents a smaller revenue share than upstream concentrate and oxide as of FY25. Revenue concentration in mining/upstream segment.
Activity screen
Owns Mountain Pass — only operating REE mine in the Western Hemisphere — plus Stage III separation (NdPr oxide) and Stage IV downstream (Independence: Nd metal and sintered NdFeB magnets for GM, DoD). >95% of revenue REE-related.
Primary REE elements
Nd, Pr, Ce, La, Sm (Mixed LREE; bastnasite ore primarily light REE with limited HREE)
Liquidity
- 30-day avg market cap (USD)
- $10.07B
- 90-day avg daily traded value (USD)
- $411.78M
Trailing windows ending at the April 30, 2026 calculation date (methodology §4.3).
Sources
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001801368 · FY25 10-K (Feb 2026)
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