![]() MP Materials MP Materials is a company that owns and operates an integrated rare earth mining and processing facility. | ![]() Australian Strategic Materials Australian Strategic Materials (ASM, formerly known as Australian Zirconia Holdings) is a company engaged in the production of specialty metals and oxides. | ![]() Pensana Pensana (formerly Pensana Rare Earths) is a company engaged in rare earth production solutions. | ![]() Lynas Rare Earths Lynas Rare Earths is a company engaged in the mining and production of rare earth materials. | ||
Founding Date | Founding Date 2017 | Founding Date 2000 | Founding Date 2006 | Founding Date 2019 | Founding Date 1983 |
Type | Type Public | Type Public | Type Public | Type Private | Type Public |
Tags | |||||
Locations | Locations Las Vegas, US HQ | Locations West Perth, AU HQ Dubbo, AU Perth, AU | Locations London, GB HQ London, GB London, GB | Locations Tampa, US HQ Sierra Blanca, US Stillwater, US Wheat Ridge, US | Locations Balok, MY HQ East Perth, AU |
Employees | Employees 277 | Employees N/A | Employees 51 | Employees 4011% increase | Employees 7654% increase |
Valuation ($) | Valuation ($) 3.1 b | Valuation ($) 74.1 m | Valuation ($) 77.4 m | Valuation ($) N/A | Valuation ($) 4.9 b |
Financial | |||||
Revenue (est.) | Revenue (est.) $224.4m (FY, 2025) | Revenue (est.) $3.2m (FY, 2025) | Revenue (est.) N/A | Revenue (est.) N/A | Revenue (est.) $556.5m (FY, 2025) |
Cost of goods | Cost of goods N/A | Cost of goods $1.7m (FY, 2025) | Cost of goods N/A | Cost of goods N/A | Cost of goods $363.5m (FY, 2025) |
Gross profit | Gross profit N/A | Gross profit $3.4m (FY, 2025) | Gross profit N/A | Gross profit N/A | Gross profit $193.1m (FY, 2025) |
Net income | Net income ($85.9m) (FY, 2025) | Net income ($24.6m) (FY, 2025) | Net income ($11.5m) (FY, 2025) | Net income N/A | Net income $8m (FY, 2025) |
Funding | |||||
Total funding raised | Total funding raised N/A | Total funding raised $ 70.5m | Total funding raised $ 26.2m | Total funding raised $ 61.3m | Total funding raised N/A |

Australian Strategic Materials (ASM, formerly known as Australian Zirconia Holdings) is a company engaged in the production of specialty metals and oxides.
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Pensana (formerly Pensana Rare Earths) is a company engaged in rare earth production solutions.
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USA Rare Earth is a company that provides rare earth and lithium minerals.
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Lynas Rare Earths is a company engaged in the mining and production of rare earth materials.
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