Company Description:

• MP owns and operates Mountain Pass, the only rare earth mining and processing site in NA
• In 2020, MP Materials produced more than 38,500mt of rare earths in concentrate, representing more than 15% of global consumption and an all-time high in the 60-year history of Mountain Pass
• The self-contained nature of its operations – with co-located mining, milling, separations, and finishing – creates significant cost advantages and mitigates operational risks. Due to the tremendous geological advantages of the site, which averages 7% rare earth content relative to .1% to 4% for most global deposits, MP Materials enjoys a leading cost position.
• Mountain Pass is a zero-discharge facility equipped with state-of-the-art environmental systems, including a dry tailings facility that recovers and recycles more than one billion liters of water per year – enough to meet approximately 95% of need in the beneficiation process
• Mountain Pass is located immediately adjacent to an interstate highway and is easily accessible to rail and port facilities, enabling cost-efficient distribution.

What Are Rare Earth Elements?

• A series of chemical elements found in the earths crust that are vital to many modern tech
• extensive processing is required to separate RE from mined ores
• RE themselves aren’t rare, ore bodies containing sufficient concentrations to make processing economically viable are exceedingly rare
• unique magnetic and electrochemical properties of the elements enable technologies to preform with greater efficiency, performance, and durability. by reducing weight, emission, or energy consumption.
• rare earth-enabled tech power global economic growth, enable life saving products, and help shrink carbon footprints.
• Lanthanum ( La / 57 / 138.90547 ) - primary end-uses include automotive and imaging/vision applications. La prevents corrosion in EV batteries, adds efficiency to petroleum cracking and enables specialized treatments for lenses and vision.
• Cerium ( Ce / 58 / 140.116) - In addition to its role in various metal allows and glass polishing compounds, Ce reduces automobile emissions through its use in catalytic converters and enables energy efficiency by powering LED lighting
• Neodymium and Praseodymium ( NdPr / Pr 59 140.90765 / Nd 60 144.242 ) - NdPr powers the strongest types of rare earth magnets, which enable the conversion of electrical energy into motion via permanent-magnet motors. those motors power EVs and countless industrial processes.
• SEG+ ‘Heavies’ Concentrate ( 62 Sm Samarium 150.36 / 63 Eu Europium 151.964 / 64 Gd Gadolinium 157.25 / 65 Tb Terbium 158.9235 / 66 Dy Dysprosium 162.5 ) - which MP produces in a concentrate form

Process