Mp Materials Corp. · NYSE:MP
Mp Materials — BofA Securities Global Metals, Mining and Steel Conference 2025
14 slides from Mp Materials's conference presentation, May 14, 2025
Slide 1: MP Materials Overview
MP Materials Overview BofA Securities Global Metals, Mining and Steel Conference Ryan Corbett, Chief Financial Officer May 14, 2025
Slide 2: Safe Harbor
Safe Harbor This presentation contains certain statements that are not historical facts and are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of t
Slide 3: MP Materials Overview
MP Materials Owns and operates the Mountain Pass Rare Earth Mine Developing the only fully- integrated metal, alloy, and Overview and Processing Facility in CA magnet manufacturing facility in the West 2nd largest producer of global Investing in three-stage strategy rare earth content • Upstream – r
Slide 4: NdFeB Magnets Drive the Modern Economy
NdFeB Magnets Drive the Modern Economy NdFeB magnets enable the efficient conversion of energy into motion (or vice versa) They power more than 90% of EV motors, along with many other technology and defense applications Existing products / technologies Electric Vehicles Renewable Energy Househol
Slide 5: A U.S. Magnet Solution is Required to Ensure Supply Security
Global Market Share (%) A U.S. Magnet ~40% ~10% Solution is Required to Mining Refining Ensure Supply ~60% ~90% Security ~10% <10% Metal Conversion Magnets ~90% >90% China ROW 5 Source: Department of Energy Rare Earth Magnet Supply Chain Deep Dive Assessment
Slide 6: Our Mission is to Restore the Full Rare Earth Supply Chain to the United States
Our Mission is to Restore the Full Rare Earth Supply Chain to the United States Upstream Mining & Beneficiation Midstream Separation & Refining Downstream Metal, Alloy & Magnet Manufacturing 6
Slide 7: A Vertically Integrated National Champion
Bastnaesite Ore Mined at Mountain Pass NdPr Oxide Produced at Mountain Pass A Vertically Integrated National Champion NdPr Metal Produced at Independence NdFeB Magnet Block Produced at Independence 7
Slide 8: Magnetics Market
Magnetics Market 2025 2040 Kt Significant demand 900 881 growth for NdFeB 800 magnets 700 Other Magnet demand up ~3.4x 600 622 Independence Facilities Primary NdPr requirements up ~3.2x 500 Implies 33 Mountain Passes 410 400 Robotics Deficit of 98kmtpa NdPr Shortfall of 16 Mountain Passes 300 259 26
Slide 9: Materials Division
Materials Division Mountain Pass Rare Earth Mine & Processing Facility (Mountain Pass, California) 9
Slide 10: Upstream and Midstream – Mining, Beneficiation and Refining
Upstream and Midstream – Mining, Beneficiation and Refining Upstream: REO in Concentrate (~60% grade) Midstream: NdPr oxide (99.5% REO/TREO) World -Class, Long-Life Resource Leading, Low -Cost Producer of Concentrate Only Scaled NdPr Refiner in the West • Mountain Pass discovered in 1949; in • Achie
Slide 11: Environmental Stewardship
Environmental Stewardship Water Recycling Facility – Enabling sustainable water usage Cactus Nursery - Cultivating biodiversity Operate the world’s Employ a unique dry- Pursue a multi-pronged Maintain biodiversity with most sustainable rare stack tailings process, approach to material cactus nursery
Slide 12: Magnetics Division
Magnetics Division Independence Metal, Alloy & Magnet Production Facility (Alliance – Fort Worth, Texas)
Slide 13: Downstream – Metal, Alloy and Magnet Production
Downstream – Metal, Alloy and Magnet Production “Independence” – First Fully Integrated Magnet Manufacturing in the USA (Ft Worth, TX) 250K sq. foot state-of-the-art Committed Phase I Secure source of feedstock • Initial commercial NdPr metal production facility including metal-to- paired with int
Slide 14: Thank You
iM 1 MP maeteriAcs Wi ae | i —— “Thank You:
MP Materials — BofA Securities Global Metals, Mining and Steel Conference 2025 on 6ix