A $1.25 billion-plus company investment will create over 1,500 jobs, dramatically expand domestic manufacturing capacity, and strengthen America’s supply chain independence Significant state and local incentive package and 10‑year Pentagon offtake commitment support rapid buildout and production expansion Historic milestone fulfills a key pillar of MP’s public‑private partnership with the U.S. Department of War MP Materials Corp. (NYSE: MP) today announced it has selected a 120‑acre site in Northlake, Texas, to develop “10X,” the company’s planned large-scale rare earth magnet manufacturing campus. Located less than 10 miles from MP’s existing Independence facility in Fort Worth, the new campus will cement North Texas as the center of gravity for the United States’ rare earth magnet supply chain. MP Materials will invest more than $1.25 billion to develop the largest and most strategic U.S. rare earth magnet manufacturing asset in history 10X will significantly expand MP’s fully