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MP Materials Awarded Department of Defense Heavy Rare Earth Processing Contract • • Business Wire • Stocks

MP Materials Corp. (NYSE: MP) today announced it has been awarded a $35 million contract through the U.S. Department of Defense (DoD) Industrial Base Analysis and Sustainment Program to support the construction of a commercial scale processing facility for heavy rare earth elements (HREE) at Mountain Pass. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220221005456/en/ Mountain Pass, in California, is North America’s only active and...

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MP Materials Receives Department of Energy Award • • Business Wire • Stocks

MP Materials (NYSE: MP) today announced that it has received a $3 million award from the Department of Energy (DOE) to complete a feasibility study, in concert with the University of Kentucky (UK), on a system to produce rare earth oxides, metals, and other critical materials recovered from coal by-products. This project is enabled by a DOE exercised option of a previous MP Materials and UK conceptual study . Pursuant to this project, MP Materials and UK will advance their design for a modular...

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