MP Materials, the owner of America's only domestic source of rare earth metals, announced an agreement to merge with Fortress Value Acquisition Corporation, a special purpose acquisition company sponsored by Fortress Investment Group. Upon completion, MP Materials will remain listed on the New York Stock Exchange under the ticker MP. Jim Litinsky, chairman and CEO of MP Materials, joins "Squawk Box" to discuss. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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