MP Materials SPAC Presentation Deck

TIPPING POINT GOVERNMENTS ARE MANDATING A RAPID SHIFT TO EVs Netherlands Plan to ben al new petrol and diesel cars by 2030 Canada Target to sell 100% zero- emission vehicles by 2040 "Car companies have announced $225 bilion in electric vehicle Investments by 2023, according to AixPartners LLP, a consulting firm -Wall Street Journal (February 2020) MPMATERIALS Sources: NewsLE Norway Evs accounted for 58% of all car sales in March 2020 with regulations targeting 100% by 2025 USA 11 states adopted zero emission vehicle (ZEV) mandates Brazil Targeting a 30% share for Evs by 2030 United Kingdom Proposed ban on selling new petrol, diesel or hybrid cars by 2035 张 India Various incentive and regulatory programs aim to increase EV sales to 30% of total new cars by 2030 France Gasoline and diesel vehicle sales currently banned by 2040 Singapore Aims to phase out petrol and diesel vehicles by 2040 European Union Denmark calls for EU ban on sale of all diesel and petrol cars by 2040 Germany Aims to have 7-10m EVS on the road by 2030 to meet climate protection objectives South Korea Goal of 33% of new vehicles to be electric by 2030 Japan Alms for all new cars sold to be electric or hybrid by 2050 Aims for about 25% of new cars sold by 2025 to be electrified MARKET GROWTH 21

View entire presentation