MP Materials to form rare-earth refining JV with Saudi Arabian Mining Company

Nov 19 (Reuters) - MP Materials Corp MP.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

• MP MATERIALS CORP - MP IS INVESTING OVER $1 BILLION AND HIRING MORE THAN 1,000 MANUFACTURING WORKERS IN UNITED STATES

• MP MATERIALS CORP - JOINT VENTURE TO DEVELOP RARE EARTH REFINERY IN SAUDI ARABIA

• MP MATERIALS CORP - CO AND DOW TO HOLD 49% EQUITY IN JOINT VENTURE

• MP MATERIALS CORP - INVESTMENTS INCLUDE EXPANSION OF HEAVY RARE EARTH SEPARATION CAPABILITIES AT MOUNTAIN PASS IN CALIFORNIA

• MP MATERIALS CORP - ALSO IN DISCUSSIONS TO SUPPORT OR COLLABORATE ON MAGNET MANUFACTURING IN KINGDOM OF SAUDI ARABIA

• MP MATERIALS CORP - DEPARTMENT OF WAR TO PROVIDE NON-RECOURSE FINANCING FOR U.S. CONTRIBUTION

• MP MATERIALS - INVESTMENTS INCLUDE DEVELOPMENT OF CO'S SECOND MAGNET MANUFACTURING FACILITY IN US