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1、Q3 2025 ResultsNovember6,20252Safe HarborThis presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.MP Materials Corp.(the“Company,”“we,”“us”and“our”)intend such forward-looking statements to be covered by the safe harbor provisio

2、ns for forward-looking statements contained in Section 27A of the Securities Act of 1933,as amended,and Section 21E of the Securities Exchange Act of 1934,as amended.Forward-looking statements may be identified by the use of the words such as“estimate,”“plan,”“shall,”“may,”“project,”“forecast,”“inte

3、nd,”“expect,”“anticipate,”“believe,”“seek,”“will,”“target,”or similar expressions that predict or indicate future events or trends or that are not statements of historical matters.These forward-looking statements include,but are not limited to,statements regarding the price and market for rare earth

4、 materials;the continued demand for rare earth materials and the market for rare earth materials generally;future demand for magnets;estimates and forecasts of the Companys results of operations and other financial and performance metrics,including NdPr oxide production and shipments and expected Nd

5、Pr oxide production and shipments;the Companys mining and magnet projects,including the Companys ability to expand its heavy rare earth separation capabilities,and to develop the 10X Facility and to achieve run rate production of separated rare earth materials and production of commercial metal and

6、magnets;the transactions(“Transactions”)with the Department of War(“DoW”)formerly known as the Department of Defense,the timing and consummation of future phases of the Transactions,the Companys and the DoWs future obligations related to the Transactions;the availability of government appropriations