MP Materials

Awards received5

• DoD preferred equity investment in MP Materials

  Jul 10, 2025 · Equity

  From U.S. Department of Defense

  Confirmed
  Up to $400M

  Ceiling
• DPA Title III rare earth elements separation and processing

  Undated · Cooperative agreement

  From U.S. Air Force

  Confirmed
  $9.6M

  Obligated
• DoD samarium project loan to MP Materials

  Undated · Loan

  From U.S. Department of Defense

  Confirmed
  Up to $150M

  Ceiling
• Neodymium oxide and praseodymium oxide

  Undated · Contract

  From Defense Logistics Agency

  Confirmed
  $11.0M

  Obligated · up to $11.0M ceiling
• IBAS heavy rare earth separation at Mountain Pass (Cornerstone OTA, phases II-IV)

  Undated · OTA

  From U.S. Department of Defense

  Confirmed
  $35.0M

  Obligated · up to $35.0M ceiling

Produces, processes or develops6

• Dysprosium and terbium

  Develops · Mountain Pass heavy rare earth separation facility

  CriticalConfirmed
• NdFeB permanent magnets

  Develops · 7,000 tonnes/yr magnets · 10X magnet facility

  Planned; commissioning targeted for 2028.

  CriticalConfirmed
• Mixed rare-earth concentrate

  Produces · Mountain Pass Rare Earth Mine and Processing Facility

  Mine and concentrator; 60,000 t/yr REO is a growth target (Upstream 60K), not current capacity.

  HighConfirmed
• NdFeB permanent magnets

  Produces · 3,000 tonnes/yr magnets · Independence magnet facility

  Projected capacity after expansion; magnet production began December 2025.

  CriticalConfirmed
• NdPr oxide

  Produces · 6,075 tonnes/yr NdPr oxide · Mountain Pass Rare Earth Mine and Processing Facility

  Company's stated separation design rate; actual output has been lower during ramp-up.

  CriticalConfirmed
• Rare-earth metal and alloy

  Produces · Independence magnet facility

  CriticalConfirmed

Customers5

• Apple

  Supplies NdFeB permanent magnets

  $500M recycled-magnet partnership announced July 2025; shipments expected from 2027.

  Confirmed
• Defense Logistics Agency

  Supplies NdPr oxide

  Confirmed
• General Motors

  Supplies Rare-earth metal and alloy

  Confirmed
• U.S. Department of Defense

  Supplies NdFeB permanent magnets

  Offtake guarantee for the planned 10X facility, part of the July 2025 DoD partnership.

  Confirmed
• U.S. Department of Defense

  Supplies NdPr oxide

  10-year NdPr price floor of $110/kg.

  Confirmed

Profile1

1. 1
   OtherMP Materials — founded year

   Supports Organization · founded year

   “Founded 2017”

Technologies1

1. 2
   Regulatory filingMP Materials Corp. Form 10-K for fiscal year 2025

   MP Materials Corp. (SEC) · Feb 26, 2026 · Supports Facility, Government award, Organization, Organization input, Organization technology, Supply relationship

   “located on approximately 18 acres of land in Fort Worth, Texas”

Government4

1. 3
   Regulatory filingMP Materials Announces Transformational Public-Private Partnership with the Department of Defense (8-K Ex. 99.1)

   MP Materials Corp. (SEC) · Jul 10, 2025 · Supports Government award, Supply relationship

   “DoD agreed to purchase $400 million of a newly-created series of the Company's preferred stock convertible into shares of the Company's common stock, and a warrant”

2. 4
   Government recordFPDS: Other Transaction Agreement W52P1J2293001 (MP Mine Operations LLC)

   FPDS-NG · Feb 17, 2022 · Supports Government award · obligated amount

   “New OTHER TRANSACTION AGREEMENT W52P1J2293001 awarded to MP MINE OPERATIONS LLC for the amount of $28,365,389; Description: AWARD CORNERSTONE HEAVY RARE EARTH ELEMENTS FOLLOW-ON PROJECT AGREEMENT FOR PHASE II-IV; Total obligated: 35000000.00; Total base and all options: 35000000.00”

3. 5
   Government recordAward FA86502125502

   USAspending.gov · Supports Government award

   “Award Amount: 9,608,459.00; Awarding Sub Agency: Department of the Air Force; Description: DEFENSE PRODUCTION ACT (DPA) TITLE III RARE EARTH ELEMENTS SEPARATION AND PROCESSING”

4. 6
   Government recordAward SP800024C0007

   USAspending.gov · Supports Government award, Government award · obligated amount, Supply relationship

   “Award Amount: 10,986,002.70; Awarding Sub Agency: Defense Logistics Agency; Description: NEODYMIUM OXIDE (ND2O3) AND PRASEODYMIUM OXIDE (PR6O11)”

Supply chain2

1. 7
   CompanyMP Materials Selects Northlake, Texas, as the Site of "10X"

   Hillwood · Feb 26, 2026 · Supports Facility

   “Once operational, the new campus is expected to contribute to the company's total production capacity of approximately 10,000 metric tons of NdFeB rare earth magnets per year”

2. 8
   OtherMountain Pass Rare Earth Mine

   Wikipedia · Supports Facility · lat, Facility · lng

   “35.47861; -115.53250”

Trade controls2

1. 9
   Government record商务部公告2026年第23号

   Ministry of Commerce of the People's Republic of China · Jun 22, 2026 · Supports Trade control

   “禁止出口经营者对上述10家实体出口两用物项”

2. 10
   NewsChina targets US rare earth and other firms with export controls

   Reuters · Jun 22, 2026 · Supports Trade control

   “China added MP Materials (MP.N) and USA Rare Earth (USAR.O) as well as eight other ​U.S. entities”