10:23 AM EDT, 09/03/2024 (MT Newswires) -- MP Materials ( MP ) said Tuesday its board approved a $300 million increase to its existing share buyback program, raising the total authorized amount to $600 million.

The company said it also extended the program, which is now effective until Aug. 30, 2026.

Shares of MP Materials ( MP ) were down about 3% in recent trading.

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