LARGEST RARE METALS MINING IN WESTERN HEMISPHERE via /r/wallstreetbets #stocks #wallstreetbets #investing

$MP Materials is the largest rare metals mining company in the western hemisphere. They have a market cap of $750 million with a cash balance of $525 million.

• Third quarter revenue grew 52% year over year to $41 million

• Net income increased 4.2x year over year to $14.6 million

• Adjusted EBITDA grew 159% year over year to $11.6 million

This company is profitable and trades at a discount. China currently accounts for 80% of lithium supplied. The United States is looking to become less reliant on China as a matter of national security. The US government has backed the company by issuing federal grants for mining ($9.6 million towards MP Materials stage II optimization efforts). With the rise in demand for EVs, the US will be looking to buy more precious metals from home through the Biden administration’s Build America Better Program that will focus on tax incentives for buying American goods. The global market for consumer goods that include rare earth metals is $7 Trillion dollars. The sky is the limit.

TLDR: $MP December 18th $25 calls