MP Materials SPAC Presentation Deck

DIFFERENTIATED ESG THESIS VERSUS COMPETITORS MP POSITIONED AS ONLY RARE EARTHS PRODUCER THAT SATISFIES CONSUMERS' GROWING DEMAND FOR FULLY GREEN SUPPLY CHAINS Produces critically important rare earths to power the new economy Sourced primarily from bastnaeste cre with low levels of naturally-occurring radioactive elements Closed-loop flotation process water recycling Single-site integrated operation enabling sole disposal of mineral byproducts at point of origin Low-impact dry-stacked talings A domestic source under recent presidential determinations and DoD funding initiatives Committed to rebuilding full western rare earths magnet volue chain MP MATERIALS MP MATERIALS Other Major Global Peers ✓ / x X X X MP can be a low cost producer while also creating significant positive externalities for the world ASSET 14

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