" MP Materials Green Financing Framework"

Note from p.4 [of 7] in "Bold"

" Sustainability in OperationsMountain Pass is a state-of-the-art rare earth facility operating with what we believe to be best-in-classenvironmental standards. Our paste tailings process—where waste from beneficiation is de-wateredand that water is recycled back into the process, allowing the remaining solids to be deposited into alined impoundment—dramatically reduces water consumption, the risk of seepage issues and ourenvironmental footprint and eliminates the need for “tailings ponds” often associated with miningoperations that can present a higher risk than paste disposal. Upon the potential restart of our chlor-alkali facility, we expect to consume waste brine from the separations process to produce the keyreagents used in separation and finishing. We expect this “closed loop” process will reduce third-partyreagent consumption, reduce processing or disposal costs of brine, and further reduce ourenvironmental impact. As global industry increasingly considers and works to reduce the environmentalimpact of operations—and while consumers increasingly understand the “net” environmental impact ofadopting green technologies—we believe our sustainable process for producing key materials for theclean-energy economy is a distinct advantage.According to independent research conducted by the Institute of Energy and Climate Research of theGerman government research center Forschungszentrum Jülich, rare earth production from theMountain Pass deposit “demonstrates superiority… in terms of environmental effects” compared to theMount Weld deposit in Australia and the Bayan Obo deposit in China. The research studied the impactof rare earth production on environmental categories including climate change, freshwater ecotoxicityand particulate matter formation."