MP Materials and the U.S. Department of War Partner with the Saudi Arabian Mining Company (Maaden) to Develop Rare Earth Refinery Joint Venture

WASHINGTON--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP), America’s fully-integrated rare earth materials and magnetics producer, today announced it has partnered with the U.S. Department of War (DoW) to establish a strategic joint venture with the Saudi Arabian Mining Company (Maaden), Saudi Arabia’s flagship mining company, to develop a rare earth refinery in the Kingdom. This binding agreement between the three parties follows the strategic framework for cooperation on securing critical su