MP Profile — MP Materials Corp
MP Materials is a producer of rare earth materials in the Western Hemisphere. Co. owns and operates the Mountain Pass Rare Earth Mine and Processing Facility. Separated rare earth elements (REE) are inputs for magnets that enable the mobility of electric vehicles, drones, defense systems, wind turbines, robotics and other technologies. Co. produces a rare earth concentrate that it sells pursuant to the amended and restated offtake agreement with Shenghe Resources (Singapore) International Trading Pte. Ltd., that, in turn, sells that product to refiners in China. These refiners separate the constituent REE contained in Co.'s concentrate and sell the separated products to their customers.