MP Materials Investor Presentation Deck

Stage II: Midstream Refining Roaster 12 Initial 50 tons of NdPr Oxide production in Q3 Crystallizer 20,000 mtpa target production 6,075 mt NdPr oxide • Various La and Ce ● products, SEG+ ● Expanded committed capacity of oxide-to-metal conversion to increase ex- China sales MP MATERIALS

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