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MP Supplies Corp. (NYSE:MP) Supplies Corp. Jefferies Mining and Industrials Convention 2025 September 4, 2025 10:10 AM EDT
Firm Contributors
Ryan Corbett – Chief Monetary Officer
Convention Name Contributors
Laurence Alexander – Jefferies LLC, Analysis Division
Presentation
Laurence Alexander
MD & Fairness Analyst
Thanks for becoming a member of us for day 2 of the Jefferies Industrials Convention. Laurence Alexander with the Jefferies Chemical substances crew. It is my pleasure to introduce Ryan Corbett, who’s the CFO of MP Supplies. And with none additional ado, we’re simply going to get began.
Query-and-Reply Session
Laurence Alexander
Jefferies LLC, Analysis Division
And provided that the center of the DoD funding was to spur creation of magnet manufacturing. Are you able to first stroll us via how we should always take into consideration the time line or what varieties of bulletins we should always count on when it comes to successful new clients?
Ryan Corbett
Chief Monetary Officer
Positive. Sure, I feel one of many elementary items of our agreements with the Division of Protection was clearly to maneuver at warp-speed mentality to convey the wanted magnet capability again to the USA. With our Independence facility in Fort Price, Texas. Clearly, our foundational clients, Normal Motors, we introduced fairly rapidly after our announcement of our DoD transactions. It was extra of a coincidence than anything from a timing perspective. However that Apple can be the following buyer to take nearly all of the growth capability of that facility. The “10X facility, which typically is accused to being a misnomer because it’s actually a 7,000-ton facility. I am going to preface that 7,000 tons of completed magnets is usually 10,000 tons of block. So it makes some sense. The best way the contract is structured is DoD has a 100% offtake with a minimal assured EBITDA for the corporate.
And there may be the chance for
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