MP Materials Investor Presentation Deck

Your Faun yamyaman untu Stage 1: Upstream Mining & Crushing 11 LE Consistent quarterly production with ~95% plant uptime • 9 consecutive quarters of 10K metric tons of REO production thru Q2 2023 Finished Mixed Rare Earth Concentrate High quality bastnaesite concentrate at ~60% grade • Critical for efficient, low-cost midstream separations process Profitable, high-margin business with solid positive free cash flow. . One of the lowest cost producers of concentrate worldwide MP MATERIALS

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