MP Materials SPAC Presentation Deck

MP'S ESTIMATED POST-TRANSACTION EQUITY VALUE OF $1.5BB(¹) IS BELOW REPLACEMENT COST $1.7BB OF CAPITAL IN THE GROUND Replacement Cost (SMM) FACILITY Mine Production Crushing Facility Mill & Rotation Facility Tailings Management Leach & Crack Facilities Purification, Separations, Finishing Facilities Chior-Alkali Facility Combined Heat & Power Plant (elec. & steam) Water Supply & Treatment Storage Tanks, Instrumentation, Utilities. Other Total ASSET ACQUISITION INSTALL VALUE YEAR $11 2013 2012 2013 2013 2015 2014 2014 2013 2013 2013 13 93 81 257 377 285 120 81 379 $1,697 Selected Existing Facilities at Mountain Pass Facility Crushing Facility Dry Paste Tailings Mill & Flotation Rare Earth Separation Facility MP MATERIALS Lauding any oumtanding wananunverted Sponsor PromodeShares Sale incentive Shares and $10.00/thans market value and amming no sedemotors Sensize 39 for additional asumption ASSET

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