MP Materials Corp. (MP) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.676 Hello and welcome to the MP Materials Q4 earnings call. 00:00:04.676 -- 00:00:09.120 We ask that you please hold all questions until the completion of the formal remarks, 00:00:09.120 -- 00:00:13.184 at which time you will be given instructions for the question and answer session. 00:00:13.184 -- 00:00:17.248 Also, as a reminder, this conference is being recorded. 00:00:17.248 -- 00:00:21.112 If you have any objections, please disconnect at this time. 00:00:21.112 -- 00:00:26.257 With that, I would like to turn the call over to Martin Sheehan, Head of Investor Relations. 00:00:26.257 -- 00:00:29.275 Mr Sheehan, you may begin. 00:00:29.275 -- 00:00:31.680 Thank you, operator, and good afternoon, everyone. 00:00:31.680 -- 00:00:36.711 Welcome to the MP Materials fourth quarter 2025 earnings conference call. 00:00:36.711 -- 00:00:41.742 With me today from MP Materials are Jim Latinsky, founder, chairman, and chief executive 00:00:41.742 -- 00:00:46.793 officer, Michael Rosenthal, founder and chief operating officer, and Ryan Corbett, chief 00:00:46.793 -- 00:00:51.534 financial officer. As a reminder, today's discussion will contain forward-looking statements 00:00:51.534 -- 00:00:55.680 relating to future events and expectations that are subject to various assumptions and 00:00:55.680 -- 00:00:57.083 caveats. 00:00:57.083 -- 00:01:01.750 Factors that may cause the company's actual results to differ materially from these statements 00:01:01.750 -- 00:01:06.417 are included in today's presentation, earnings release, and NRSEC filings. 00:01:06.417 -- 00:01:10.944 In addition, we have included some non-GAAP financial measures in this presentation. 00:01:10.944 -- 00:01:15.111 Reconciliations to the most directly comparable GAAP financia...