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Fortress Value Acquisition Corp. (FVAC)
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Only thing between MP and the $20's is to get some positive PR. I for one will be trying to get on MadMoney this week, get a Cramer recommendation which should be a given
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MP Materials CEO on its goal to 'restore the full rare earth supply chain' to the U.S.
In 2010, China sent shockwaves through the global economy when it slashed rare earth exports worldwide and entirely cut Japan off in an effort to pressure Tokyo to release a detained Chinese fishing trawler captain. Rare earths prices shot up, then crashed when the bubble popped. Though China was forced to scrap the export restrictions in 2014 after it lost an appeal at the World Trade Organization, the episode heightened countries’ wariness of being overly dependent on China’s supplies of rare earths.
Recent veiled threats in Chinese state media that Beijing could cut off rare earth supplies to major US defense contractors have brought those fears to the fore again. And as Chinese domestic demand for rare earths has increased so much that it became a net importer in 2018 for the first time in over three decades, there are concerns that Beijing could again turn off the nozzle.
“China is going to tighten regulations around exports, there’s no question about that,” said Pini Althaus, CEO of USA Rare Earth. “So the EU, US, Japan, etcetera, are going to have a far more difficult time of acquiring what they need.” And because China now needs more rare earths than it can produce, he said, withholding exports for internal use will not be regarded by the WTO as a breach of international trade laws.
Reason it is up?
Y’all should Look into MP— just IPOd yesterday. Where do you think EV are going to get materials from? As the only Western Hemisphere mine in the Western Hemisphere plus the DOD awarding tuesday a huge grant to help facilitate this company in science materials for weapons, batteries, and other tech.
China is the only other mine. They have threatened the US with stopping battery resource exports... well WE WILL BECOME FULLY INDEPENDENT BABY.
$MP formally $FVAC! Let’s go!
VANCOUVER, BC, Nov. 16, 2020 /PRNewswire/ - Defense Metals Corp. ("Defense Metals") (TSXV: DEFN) (OTCQB: DFMTF) (FSE:35D) is pleased to announce that on Friday November 13, 2020, Fortress Value Acquisition Corp. ("FVAC") held a special meeting to consider the previously announced business combination with MP Materials ("MP Materials"). MP Materials is the owner and operator of Mountain Pass, the only rare earth element mining and processing site of scale in North America1.
The FVAC-MP Materials special meeting represents a significant milestone in the establishment of a North American critical magnet metals supply chain. If approved, the combined company created by the FVAC-MP Materials merger would have an estimated post-transaction equity value of approximately $1.5 billion2. Completion of the FVAC-MP Materials merger would signal a sea-change in ongoing joint Canadian-U.S.A. government efforts towards the establishment of a North American critical metals supply chain.
Defense Metals anticipates the merger would have a positive impact on the advancement of Canadian critical metals deposits, which includes Defense Metals Wicheeda Rare Earth Element (REE) Property (Table 1).
The Wicheeda REE Project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO3. Flotation pilot-plant processing of a 26-tonne bulk sample of Wicheeda REE material yielded a mineral concentrate averaging 7.4% NdPr oxide (neodymium-praseodymium) critical magnet metals4.
Craig Taylor, CEO of Defense Metals, stated: "The potential completion of the Fortress-MP Materials merger signals the beginning of what Defense Metals believes will be the inevitable establishment of a North American critical metals supply chain. This merger has the potential to unlock significant value in other North American REE deposits like Wicheeda; further buoyed by recent announcements by the state of California, Province of Quebec, China and UK targeting year 2035 to ban or significantly reduce sales of internal-combustion engine vehicles. The critical magnet metals, principally NdPr, that occur at high concentration within the Wicheeda REE Deposit will position Defense Metals to capitalize on the significant growth potential of the rapidly emerging green energy-electric vehicle sector."
Table 1. Comparison of Mountain Pass Mine and Wicheeda REE Deposit5
The U.S. Department of Defense has awarded three rare earth-related grants worth roughly $13 million to help boost domestic production of the specialized minerals used to make weapons, electronics and a range of other goods.
China is the world's largest producer of these minerals and has threatened to stop their export to the United States.
The Pentagon on Tuesday said it awarded $9.6 million to MP Materials Inc , which owns the only U.S. rare earths mine, to help the company process light rare earths.
Rare earths are 17 metals that are difficult and costly to mine and process cleanly. Most are so-called light rare earths, used in cellphones and other consumer goods. MP's California mine has a large supply of light rare earths.
Could this be a sign for $TRNE stock price pre-merger and after?
Chamath Palihapitiya one of (my favorite) PIPE (Private Investment in Public Equity) tweeted this few hours ago:
He invested in $FVAC which merged with MP Materials to be traded today (Nov. 18) as $MP
$FVAC rose this month, November 2020, from $11.08 to $14.39 as of yesterday's close price.
That's ~29.9% UP
I'm Bullish on $TRNE
There is no voting question. Of course, it is "yes" to merger. Voting was needed to satisfy regulation laws.
Today uninformed long and short day traders pile up on SPAC manipulation hopes for quick money. I have to admit, I am a day trader most of the time. But, I am long on FVAC/MP and my bet is MP will do extremely well in the future regardless of market direction, whether bull market or a recession. GLA......
Did vote pass
Now, at TD: FVAC symbol "invalid". MP listed, bid 18.51 ask 18.97. Looks like will go over 20 today!.......
Blowing upwards after hours!!!!!! Getting excited!!!!!!!!!!!!!!!!!!
$20 is coming
Don’t forget to look into $MP formerly known as $FVAC! Just IPOd today! The biggest Western Hemisphere mine for batteries. China is the other and is looking to get into a trade war
Vote should pass, but no news as scheduled is questionable.
Sometimes after stocks go public, employees who have been sitting on thousands of private shares for years unload and drop the price. If it drops, it will go up again.
MP $18.88 is coming on 18 th NOV
Hi. Lasts!!!! I'm trying to claim the spot of last message on this FVAC forum. R.I.P. old friend. Welcome to life MP friend.
There is no better position than to own a piece of company that is in "hot" industry and unconditionally supported by government. That is MP. Supported how? By all means, extra funding, tariffs ( stop China from cheap dumping ) , taxes ( tax incentives, exemptions, deferred tax ).
Very important: support is BI-PARTISAN, does not matter who is in Oval Office. One of the MP board members is former Chief of Staff general Richard Myers said: ""The United States was once the global leader in rare earth production, a position that has since been ceded to China. As global industries electrify in the coming decades, the lack of a sustainable, reliable supply of rare earths in North America would represent a single point of failure for national and economic security. The U.S. government has identified the urgent need to reclaim this crucial component of the global supply chain, which would create tremendous benefits for our nation’s leading defense contractors, automakers, and technology companies.".....
I received a notice from ETRADE about voting for share redemption at $10. Do you have to vote on this or is this only for those that are looking to back out at their IPO entrance price before they proceed with the merger attempt?
This is the first time I have seen this come up (I usually buy more "traditional" company stocks).
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