# MP Materials to go public via merger with Fortress Value Acquisition Corp.

MP Materials, owner of the Mountain Pass rare earth mining and processing site, agreed to merge with SPAC Fortress Value Acquisition Corp. The combined company will be listed on NYSE with an estimated equity value of $1.5 billion.

- Type: Acquisition
- Announced: 2020-07-15
- Where: Mountain Pass, California, United States
- Value: $1.50B
- Status: announced
- Products: rare earth materials
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [MP Materials](https://endata.com/companies/37829.md)
- [Fortress Value Acquisition Corp.](https://endata.com/companies/48573.md) (acquirer)
- [Fortress Investment Group](https://endata.com/companies/48574.md) (partner)

## Sources

- [mpmaterials.com](https://mpmaterials.com/news/press-release-07152020/), 2020-07-15: "This business combination and becoming a public company is a key milestone in MP Materials' mission to restore the full rare earth supply chain to the United States of America."
- [reuters.com](https://www.reuters.com/article/business/us-rare-earths-miner-mp-materials-to-go-public-in-147-billion-deal-idUSKCN24H0DZ/), 2020-07-16: "U.S. rare earths miner MP Materials will go public in a $1.47 billion deal by merging with a private-equity backed blank-check company, underscoring Wall Street's rising interest in efforts to boost production of the strategic minerals."
- [mining-technology.com](https://www.mining-technology.com/deals-analysis/us-rare-earth-miner-to-be-listed-on-nyse-in-1-5bn-deal/), 2020-07-16: "US rare earths miner MP Materials has announced that it will go public on the New York Stock Exchange (NYSE) by merging with Fortress Value Acquisition Corp. (FVAC), a special-purpose acquisition corporation, in a $1.47bn deal."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.