MP Materials Investor Presentation Deck

Operational Overview: Magnetics Strategy 14 Mountain Pass Rare Earth Mining and Processing Facility Mountain Pass, CA < 10% of NdPr oxide output HREE Recyclable material Initial Rare Earth Magnetics Facility Fort Worth, Texas Fully integrated from metal to magnet ● • 250,000 sq. ft. build-to-suit facility • 150+ skilled jobs ● NdPr Metal NdFeB Alloy • NdFeB Metal and Alloy flake NdFeB magnets • ~1,000 tons of NdFeB magnet Expansion Upon the success of this initial magnetics facility, we plan to develop magnetics capabilities at significantly larger scale NdFeB Magnet MP MATERIALS

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