MP Materials Corp. (MP) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.413 Hello and welcome to the MP Materials Q2 2026 earnings call. 00:00:04.413 -- 00:00:08.315 We ask that you please hold all questions until the completion of the formal remarks, 00:00:08.315 -- 00:00:12.517 at which time you'll be given instructions for the question and answer session. 00:00:12.517 -- 00:00:15.819 Also as a reminder, this conference is being recorded. 00:00:15.819 -- 00:00:18.740 If you have any objections, please disconnect at this time. 00:00:18.740 -- 00:00:23.702 With that, I would like to turn the call over to Martin Sheehan, Head of Investor Relations. 00:00:23.702 -- 00:00:26.474 Mr. Sheehan, you may begin. 00:00:26.474 -- 00:00:29.016 Thank you, operator, and good afternoon, everyone. 00:00:29.016 -- 00:00:33.420 Welcome to the MP Materials second quarter 2026 earnings conference call. 00:00:33.420 -- 00:00:37.964 With me today from MP Materials are Jim Litinsky, founder, chairman, and chief executive 00:00:37.964 -- 00:00:42.989 officer, Michael Rosenthal, founder and chief operating officer, and Ryan Corbett, chief 00:00:42.989 -- 00:00:47.363 financial officer. As a reminder, today's discussion will contain forward-looking statements 00:00:47.363 -- 00:00:51.125 relating to future events and expectations that are subject to various assumptions and 00:00:51.125 -- 00:00:55.647 caveats. Factors that may cause the company's actual results to differ materially from 00:00:55.647 -- 00:01:00.109 these statements are included in today's presentation, earnings release, and in our SEC 00:01:00.109 -- 00:01:05.611 filings. In addition, we have included some non-GAAP financial measures in this presentation. 00:01:05.611 -- 00:01:10.113 Reconciliations to the most directly comparable GAAP financial measures can be fou...