MP Materials Results Presentation Deck

16 Reconciliation: Net Cash Provided by Operating Activities to Free Cash Flow (in thousands, unaudited) Net cash provided by operating activities Additions to property, plant and equipment(¹) Free Cash Flow 1. Amount is net of $1.1 million in proceeds from government awards used for construction. For the nine months ended September 30, 2023 76,480 (187,877) (111,397) $ $ MP MATERIALS

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