Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Information and Trading Symbol for Common Stock and Public Warrants

Our common stock and public warrants are currently quoted on the NYSE under the symbols “MP” and “MPWS,” respectively.

Holders of Record

According to Continental Stock Transfer & Trust Company, our transfer agent, there were 180 active holders of record of our common stock and one active holder of record of our public warrants as of February 28, 2021. The actual number of holders is greater than these numbers and includes holders who are beneficial owners, but whose shares are held in street name by brokers and other nominees. These numbers of holders of record also do not include holders whose shares or public warrants may be held in trust by other entities.

Dividends

The Company has not paid any cash dividends on its common stock to date. The payment of cash dividends in the future will be dependent upon the Company’s revenues and earnings, if any, capital requirements and general financial condition. The payment of any cash dividends will be within the discretion of our Board of Directors at such time. In addition, the Company is not currently contemplating and does not anticipate declaring any stock dividends in the foreseeable future as it is currently expected that available cash resources will be utilized in connection with our ongoing operations and development projects, including our Stage II optimization plan.

Unregistered Sales of Equity Securities

Except as previously reported on our Current Report on Form 8-K filed on November 17, 2020, we did not have any sales of unregistered equity securities during the three months ended December 31, 2020.

Repurchase of Securities

During the three months ended December 31, 2020, neither we nor any of our affiliates repurchased shares of our common stock or warrants registered under Section 12 of the Exchange Act.