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The top billionaires are now chasing the critical magnet rare earths - Part 1 of 2

One can argue that this trend all started back when, now billionaire, James Litinsky bought a mine in California from bankrupt Molycorp and subsequently turned the mine into USA's largest producing rare earths mine, with the company MP Materials Corp. (NYSE: MP) now valued at US$5.48 billion. As Wikipedia states: "In June 2017, the Mountain Pass mine was purchased at auction for $20.5 million by a new entity called MP Mine Operations LLC (MPMO). MPMO was a consortium formed principally by JHL Capital Group, a Chicago-based investment firm led by James Litinsky." Litinsky recognized, well before others, that the most powerful magnetic electric motors need rare earths, and that these motors would become essential to modern life technology, especially in the green revolution. Litinsky and his partner's move buying a mine for just US$20.5m that is now worth 200X or more today was pure genius! ....

United States , James Litinsky , Capital Group , Mp Materials Corp , Mp Mine Operations , Mountain Pass ,

MONDAY DEADLINE: MP Materials Corp. f/k/a Fortress Value Acquisition Corp. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

/PRNewswire/ Robbins Geller Rudman & Dowd LLP announces that purchasers of MP Materials Corp. f/k/a Fortress Value Acquisition Corp. (NYSE: MP) securities. ....

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MONDAY DEADLINE: MP Materials Corp. f/k/a Fortress Value Acquisition Corp. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

/PRNewswire/ Robbins Geller Rudman & Dowd LLP announces that purchasers of MP Materials Corp. f/k/a Fortress Value Acquisition Corp. (NYSE: MP) securities. ....

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The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of MP Materials Corp. f/k/a Fortress Value Acquisition Corp. (MP) Investors

/PRNewswire/ The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or. ....

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SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in MP Materials Corp. f/k/a Fortress Value Acquisition Corp. of Class Action Lawsuit and Upcoming Deadline – MP; FVAC; FVAC WS, FVAC.U

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in MP Materials Corp. f/k/a Fortress Value Acquisition Corp. of Class Action Lawsuit and Upcoming Deadline – MP; FVAC; FVAC WS, FVAC.U
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