{"id":911589,"date":"2025-11-19T08:42:34","date_gmt":"2025-11-19T13:42:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/mp-materials-and-the-u-s-department-of-war-partner-with-the-saudi-arabian-mining-company-maaden-to-develop-rare-earth-refinery-joint-venture\/"},"modified":"2025-11-19T08:42:34","modified_gmt":"2025-11-19T13:42:34","slug":"mp-materials-and-the-u-s-department-of-war-partner-with-the-saudi-arabian-mining-company-maaden-to-develop-rare-earth-refinery-joint-venture","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mp-materials-and-the-u-s-department-of-war-partner-with-the-saudi-arabian-mining-company-maaden-to-develop-rare-earth-refinery-joint-venture\/","title":{"rendered":"MP Materials and the U.S. Department of War Partner with the Saudi Arabian Mining Company (Maaden) to Develop Rare Earth Refinery Joint Venture"},"content":{"rendered":"

<\/p>\n

MP Materials and the U.S. Department of War Partner with the Saudi Arabian Mining Company (Maaden) to Develop Rare Earth Refinery Joint Venture<\/b><\/p>\n

Joint Venture under Historic U.S.\u2013Saudi Critical Mineral Cooperation Framework Marks a Major Step toward Diversifying the Global Supply Chain for America and Its Allies<\/i><\/b><\/p>\n

Capital-Light Structure for MP Materials Unlocks Strategic Value and Accelerates Long-Term Growth Potential for Shareholders<\/i><\/b><\/p>\n

WASHINGTON–(BUSINESS WIRE<\/a>)–
\nMP Materials Corp. (NYSE: MP), America\u2019s 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\u2019s 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 supply chains reached between the United States and the Kingdom of Saudi Arabia, which was signed this week in Washington, D.C.<\/p>\n

\nThe formation of a joint venture to build a rare earth refinery in Saudi Arabia is a pivotal step toward rebalancing the global rare earth supply chain and aligns with U.S. economic and national security interests. The joint venture will leverage Saudi Arabia\u2019s competitive energy base, world-class infrastructure, strategic location, and significant untapped rare earth resource potential to advance a stable and secure supply chain for rare earth materials. The facility will be designed to process rare earth feedstock sourced from Saudi Arabia and other global regions and produce significant quantities of separated light and heavy rare earth oxides. These refined products will support U.S. and Saudi manufacturing and defense sectors and be marketed to allied nations.<\/p>\n

\n\u201cWe are honored that the U.S. government asked MP to partner on a project of this magnitude and importance for America and its allies,\u201d said James Litinsky, Founder, Chairman & CEO of MP Materials.<\/b> \u201cBy combining MP\u2019s technical expertise with the strategic vision of the U.S. Department of War and Maaden\u2019s capabilities and scale, the pieces are in place to fundamentally strengthen and diversify the supply chain.\u201d<\/p>\n

Litinsky added,<\/b> \u201cThis agreement will be beneficial to MP and our industry, and it further aligns U.S. and Saudi interests. The formation of the joint venture also underscores MP Materials\u2019 role as an American national champion, and it demonstrates how our fully integrated platform can project U.S. industrial capability abroad. We are proud to partner with Maaden on this transformative joint venture.\u201d<\/p>\n

Bob Wilt, CEO, Maaden, said,<\/b> \u201cThis JV is a significant step forward in the development of this important global sector, underpinned by the support of Saudi Arabia\u2019s Ministry of Energy and the Ministry of Industry and Mineral Resources. I am proud of the role that Maaden plays as Saudi Arabia\u2019s national mining champion, and through our significant growth ambitions we will continue to develop this strategic sector as an integral pillar of the Kingdom\u2019s economy.\u201d<\/p>\n

\nThe joint venture is structured to ensure U.S. oversight and alignment with national security objectives. Under the agreement, MP Materials and the DoW (through a joint venture) will hold an equity position targeted at 49% in the joint venture, with Maaden holding a position of no less than 51%. Full financing for the U.S. contribution to the joint venture will be provided non-recourse by the DoW, while MP will contribute its world-class technical expertise in rare earth separation and refining as well as global sourcing and marketing capabilities. MP is also in discussions to support or collaborate on magnet manufacturing in the Kingdom of Saudi Arabia.<\/p>\n

\nThis high impact, capital-light opportunity aligns with MP\u2019s mission and will significantly expand MP\u2019s global footprint, further driving shareholder value and positioning MP to lead in the global sourcing and refining of rare earth element-rich feedstocks. The joint venture will unlock significant global upstream resources, expand MP\u2019s refining capacity, and support further substantial, disciplined growth in MP\u2019s upstream and downstream businesses. The joint venture will also<\/b>deepen economic and security ties between the United States and Saudi Arabia and support industrial resilience without reliance on adversarial sources.<\/p>\n

U.S. PUBLIC-PRIVATE PARTNERSHIP<\/b><\/p>\n

\nThis initiative builds on MP Materials\u2019 multibillion dollar public-private partnership with the DoW announced in July 2025. To execute on the previously announced partnership and significantly expand domestic refining and magnet manufacturing capacity in the coming years, MP is investing over $1 billion and hiring more than 1,000 manufacturing workers in the United States. These investments include the expansion of heavy rare earth separation capabilities at Mountain Pass in California and the development of the Company\u2019s second magnet manufacturing facility in the United States.<\/p>\n

ABOUT MP MATERIALS<\/b><\/p>\n

\nMP Materials (NYSE: MP) is America\u2019s only fully-integrated rare earth producer with capabilities spanning the entire supply chain\u2014from mining and processing to advanced metallization, magnet manufacturing and recycling.<\/p>\n

\nMP Materials currently operates the world\u2019s second-largest rare earth mine in Mountain Pass, California \u2013 one of the world\u2019s richest rare earth deposits \u2013 where it extracts, refines, and separates rare earth materials. The Company also manufactures the world\u2019s strongest and most efficient permanent magnets at its Independence<\/i> magnetics facility in Texas.<\/p>\n

\nMP Materials is extending its downstream capabilities through its transformational public-private partnership with the U.S. Department of War to dramatically accelerate the build-out of an end-to-end U.S. rare earth magnet supply chain at scale and reduce foreign dependency. MP Materials will soon begin construction of the Company\u2019s second magnet manufacturing facility in the United States, 10X<\/i>. MP\u2019s flagship customers include Apple, General Motors, and the U.S. Department of War.<\/p>\n

\nMore information is available at https:\/\/mpmaterials.com\/<\/a>.<\/p>\n

\nJoin the MP Materials community on X<\/a>, YouTube<\/a> and LinkedIn<\/a>.<\/p>\n

FORWARD-LOOKING STATEMENTS<\/b><\/p>\n

\nThis press release contains certain statements that are not historical facts and are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as \u201cestimate,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cforecast,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cseek,\u201d \u201cwill,\u201d \u201ctarget,\u201d or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, including statements related to the joint venture between MP Materials, U.S. Department of War and Maaden to develop a rare earth refinery in the Kingdom of Saudi Arabia. These forward-looking statements are subject to a number of risks and uncertainties, including risks relating to (i) the parties\u2019 ability to enter into definitive agreements establishing a joint venture for the purposes of constructing and operating a rare earth refinery in the Kingdom of Saudi Arabia, (ii) the timing and achievement of expected business milestones related to the joint venture, (iii) heightened scrutiny associated with government partnerships and contracts, including the availability of funding now and in the future, and (iv) those risk factors discussed in MP Materials\u2019 filings with the Securities and Exchange Commission, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other documents filed by the Company with the Securities and Exchange Commission.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251118096805\/en\/<\/a><\/span><\/p>\n

MP Materials
\n
<\/b>Media:
\n<\/b>
media@mpmaterials.com<\/a><\/p>\n

Investors:
\n<\/b>
IR@mpmaterials.com<\/a><\/p>\n

KEYWORDS:<\/b> District of Columbia United States Saudi Arabia North America Middle East<\/p>\n

INDUSTRY KEYWORDS:<\/b> Public Policy\/Government Defense Natural Resources White House\/Federal Government Contracts Machine Tools, Metalworking & Metallurgy Mining\/Minerals Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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MP Materials and the U.S. Department of War Partner with the Saudi Arabian Mining Company (Maaden) to Develop Rare Earth Refinery Joint Venture Joint Venture under Historic U.S.\u2013Saudi Critical Mineral Cooperation Framework Marks a Major Step toward Diversifying the Global Supply Chain for America and Its Allies Capital-Light Structure for MP Materials Unlocks Strategic Value and Accelerates Long-Term Growth Potential for Shareholders WASHINGTON–(BUSINESS WIRE)– MP Materials Corp. (NYSE: MP), America\u2019s 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\u2019s flagship mining company, to develop a rare earth refinery in the Kingdom. This binding agreement between … <\/p>\n

Continue reading “MP Materials and the U.S. Department of War Partner with the Saudi Arabian Mining Company (Maaden) to Develop Rare Earth Refinery Joint Venture”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-911589","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMP Materials and the U.S. Department of War Partner with the Saudi Arabian Mining Company (Maaden) to Develop Rare Earth Refinery Joint Venture - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mp-materials-and-the-u-s-department-of-war-partner-with-the-saudi-arabian-mining-company-maaden-to-develop-rare-earth-refinery-joint-venture\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MP Materials and the U.S. Department of War Partner with the Saudi Arabian Mining Company (Maaden) to Develop Rare Earth Refinery Joint Venture - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MP Materials and the U.S. Department of War Partner with the Saudi Arabian Mining Company (Maaden) to Develop Rare Earth Refinery Joint Venture Joint Venture under Historic U.S.\u2013Saudi Critical Mineral Cooperation Framework Marks a Major Step toward Diversifying the Global Supply Chain for America and Its Allies Capital-Light Structure for MP Materials Unlocks Strategic Value and Accelerates Long-Term Growth Potential for Shareholders WASHINGTON–(BUSINESS WIRE)– MP Materials Corp. (NYSE: MP), America\u2019s 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\u2019s flagship mining company, to develop a rare earth refinery in the Kingdom. 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(NYSE: MP), America\u2019s 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\u2019s flagship mining company, to develop a rare earth refinery in the Kingdom. 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