https://www.cnbc.com/2025/07/10/pentagon-to-become-largest-shareholder-in-rare-earth-magnet-maker-mp-materials.html

“I want to be very clear, this is not a nationalization,” Litinsky told CNBC’s “Squawk on the Street” on Thursday. “We remain a thriving public company. We now have a great new partner in our economically largest shareholder, DoD, but we still control our company. We control our destiny. We’re shareholder driven.”

U.S. miners are facing a unique threat from “Chinese mercantilism,” Litinsky said. The Pentagon investment in MP could serve as a model for similar deals with other U.S. companies, the CEO said.

“It’s a new way forward to accelerate free markets, to get the supply chain on shore that we want and make sure that mercantilism is not going to hurt our ability to do so,” Litinsky said.