MP Materials Corp. (MP) Q2 2025 Earnings Call

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WEBVTT 00:00:01.702 -- 00:00:06.708 Hello, and welcome to the MP Materials second quarter 2025 earnings 00:00:06.708 -- 00:00:12.336 call. We ask that you please hold all questions until the completion of the formal remarks, 00:00:12.336 -- 00:00:16.581 at which time you'll be given instructions for the question and answer session. 00:00:16.581 -- 00:00:20.466 Also, as a reminder, this conference is being recorded. 00:00:20.466 -- 00:00:23.750 If you have any objections, please disconnect at this time. 00:00:23.750 -- 00:00:28.696 With that, I would like to turn the call over to Martin Sheehan, Head of Investor Relations. 00:00:28.696 -- 00:00:31.030 Mr. Sheehan, you may begin. 00:00:31.030 -- 00:00:33.273 Thank you, operator, and good afternoon, everyone. 00:00:33.273 -- 00:00:38.140 Welcome to the MP Materials second quarter 2025 earnings conference call. 00:00:38.140 -- 00:00:42.746 With me today from MP Materials are Jim Latinsky, founder, chairman, and chief executive 00:00:42.746 -- 00:00:47.753 officer, Michael Rosenthal, founder and chief operating officer, and Ryan Corbett, 00:00:47.753 -- 00:00:52.418 chief financial officer. As a reminder, today's discussion will contain forward-looking 00:00:52.418 -- 00:00:56.606 statements relating to future events and expectations that are subject to various assumptions 00:00:56.606 -- 00:01:01.174 and caveats. Factors that may cause the company's actual results to differ materially 00:01:01.174 -- 00:01:05.402 from these statements are included in today's presentation, earnings release, and in 00:01:05.402 -- 00:01:10.250 our SEC filings. In addition, we have included some non-GAAP financial measures in this 00:01:10.250 -- 00:01:15.076 presentation. Reconciliations to the most directly comparable GAAP financial measu...