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MP Materials and the U.S. Department of War Partner with the Saudi Arabian Mining Company (Maaden) to Develop Rare Earth Refinery Joint Venture
WASHINGTON, November 19, 2025--MP Materials Corp. (NYSE: MP), America’s fully-integrated rare earth materials and magnetics producer, today announced it has partnered with the U.S. Department of War (DoW) to establish a strategic joint venture with the Saudi Arabian Mining Company (Maaden), Saudi Arabia’s flagship mining company, to develop a rare earth refinery in the Kingdom. This binding agreement between the three parties follows the strategic framework for cooperation on securing critical s
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