MP Materials(MP) - 2023 Q3 - Earnings Call Presentation

Safe Harbor 3 Highlights Stage II Midstream • Tenth consecutive quarter of over 10,000 metric tons of REO production • Announced "Upstream 60K" strategy targeting ~50% expansion of REO output within four years with modest investment • Production ramp to continue in Q4 and into 2024 • Customer deliveries beginning in Q1 Stage III Downstream • Team moving into new magnetics headquarters • Installation of production equipment ongoing • Assessing high return on capital capacity expansion 4 Operations and Financ ...