UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
SPECIALIZED DISCLOSURE REPORT
MP MATERIALS CORP.
(Exact name of registrant as specified in its charter)
Delaware001-3927784-4465489
(State or other jurisdiction of incorporation)
(Commission File Number)(IRS Employer Identification No.)
1700 S. Pavilion Center Drive, Suite 800
Las Vegas, Nevada 89135
(Address of principal executive offices and Zip Code)
Ryan Corbett
(702) 844-6111
(Name and telephone number, including area code, of the person to contact in connection with this report)

Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this Form applies:
☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, _____.
☑ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.



SECTION 1 - CONFLICT MINERAL DISCLOSURE
Item 1.01 - Conflict Minerals Disclosure and Report
Not applicable.
Item 1.02 - Exhibit
Not applicable.
SECTION 2 - RESOURCE EXTRACTION ISSUER DISCLOSURE
Item 2.01 - Resource Extraction Issuer Disclosure and Report
Disclosure of Payments by Resource Extraction Issuers
The payment disclosure required by this Item 2.01 is included as Exhibit 2.01 and Exhibit 99.1 to this Form SD.
Report on Payments to Governments for the Year Ended December 31, 2023
This report provides a consolidated overview of the payments to governments made by MP Materials Corp., including its subsidiaries (the “Company”, “MP Materials” “we,” “our,” and “us”) for the fiscal year ended December 31, 2023.
All payments are reported in U.S. dollars (“USD”).
Our Business Segments
Operating segments are defined as components of an enterprise engaged in business activities, about which separate financial information is available and evaluated regularly by the chief operating decision maker (“CODM”), or decision-making group, in deciding how to allocate resources and in assessing performance. As of December 31, 2023, the Company’s CODM viewed the Company’s operations and managed the business as one reportable segment.
Our Projects
As of December 31, 2023, we owned and operated the Mountain Pass Rare Earth Mine and Processing Facility (“Mountain Pass”), which we consider to be one project.
SECTION 3 - EXHIBITS
Item 3.01 - Exhibits
The following exhibits are filed as part of this report.
Exhibit No.Description
2.01
Interactive Data Files (Resource Extraction Payment Report as required by Item 2.01 of this Form SD for the year ended December 31, 2023 filed in XBRL).
99.1
2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: September 6, 2024
MP Materials Corp.
By:/s/ Elliot D. Hoops
Elliot D. Hoops
General Counsel and Secretary
3
Exhibit 99.1
Resource Extraction Payment Report
Project-level disclosure
The table below sets forth our payments made to governments for the fiscal year ended December 31, 2023, by project and type of payment.
(in USD and in thousands)
For the year ended December 31, 2023
Project NameCountry/Major Subnational JurisdictionGovernmentResourceExtraction Method
Taxes(1)
RoyaltiesFeesProduction EntitlementsBonusesDividendsPayments for infrastructure improvementsCommunity and social responsibility paymentsTotal
Mountain PassU.S.Federal GovernmentBastnaesiteOpen Pit$22,172 $— $— $— $— $— $— $— $22,172 
(1) MP Materials Corp. (the “Company”) files a consolidated income tax return in the U.S., which includes all U.S. entities, including the project listed. The U.S. Federal Government levies corporate income taxes at the consolidated group level rather than on a per-project basis. Accordingly, the Company has disclosed payments of taxes at the U.S. consolidated group level. The payments relate not to a particular project but to the consolidated U.S. income of the Company. The report amount represents Federal income taxes of $22,314 thousand paid during the year ended December 31, 2023, netted against an income tax refund of $142 thousand received during the year ended December 31, 2023.

Government-level disclosure
The table below sets forth our payments made to governments for the fiscal year ended December 31, 2023, by government and type of payment.
(in USD and in thousands)
For the year ended December 31, 2023
Country/Major Subnational JurisdictionGovernment
Taxes(1)
RoyaltiesFeesProduction EntitlementsBonusesDividendsPayments for infrastructure improvementsCommunity and social responsibility paymentsTotal
U.S.Federal Government$22,172 $— $— $— $— $— $— $— $22,172 
(1) The Company files a consolidated income tax return in the U.S., which includes all U.S. entities, including the project listed. The U.S. Federal Government levies corporate income taxes at the consolidated group level rather than on a per-project basis. Accordingly, the Company has disclosed payments of taxes at the U.S. consolidated group level. The payments relate not to a particular project but to the consolidated U.S. income of the Company. The report amount represents Federal income taxes of $22,314 thousand paid during the year ended December 31, 2023, netted against an income tax refund of $142 thousand received during the year ended December 31, 2023.


v3.24.2.u1
Document Information
 12 Months Ended
Dec. 31, 2023
Document Information:  
Document Type 2.01 SD
Amendment false
CIK 0001801368
Registrant Name MP Materials Corp. / DE
Period End Date Dec. 31, 2023
Reporting Currency USD
v3.24.2.u1
Payments, by Category - USD ($)
$ in Thousands
Taxes
Total Payments
Total $ 22,172 [1] $ 22,172
[1]
(1) MP Materials Corp. (the “Company”) files a consolidated income tax return in the U.S., which includes all U.S. entities, including the project listed. The U.S. Federal Government levies corporate income taxes at the consolidated group level rather than on a per-project basis. Accordingly, the Company has disclosed payments of taxes at the U.S. consolidated group level. The payments relate not to a particular project but to the consolidated U.S. income of the Company. The report amount represents Federal income taxes of $22,314 thousand paid during the year ended December 31, 2023, netted against an income tax refund of $142 thousand received during the year ended December 31, 2023.
v3.24.2.u1
Payments, by Project - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands
Taxes
 [1]
Total Payments
Total $ 22,172 $ 22,172
Mountain Pass Mine [Member]    
Total $ 22,172 $ 22,172
[1]
(1) MP Materials Corp. (the “Company”) files a consolidated income tax return in the U.S., which includes all U.S. entities, including the project listed. The U.S. Federal Government levies corporate income taxes at the consolidated group level rather than on a per-project basis. Accordingly, the Company has disclosed payments of taxes at the U.S. consolidated group level. The payments relate not to a particular project but to the consolidated U.S. income of the Company. The report amount represents Federal income taxes of $22,314 thousand paid during the year ended December 31, 2023, netted against an income tax refund of $142 thousand received during the year ended December 31, 2023.
v3.24.2.u1
Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands
Taxes
 [1]
Total Payments
Total $ 22,172 $ 22,172
UNITED STATES | United States Federal Government [Member]    
Total $ 22,172 $ 22,172
[1]
(1) MP Materials Corp. (the “Company”) files a consolidated income tax return in the U.S., which includes all U.S. entities, including the project listed. The U.S. Federal Government levies corporate income taxes at the consolidated group level rather than on a per-project basis. Accordingly, the Company has disclosed payments of taxes at the U.S. consolidated group level. The payments relate not to a particular project but to the consolidated U.S. income of the Company. The report amount represents Federal income taxes of $22,314 thousand paid during the year ended December 31, 2023, netted against an income tax refund of $142 thousand received during the year ended December 31, 2023.
v3.24.2.u1
Payments, Details - USD ($)
$ in Thousands
Amount
Type
Country
Subnat. Juris.
Govt.
Project
Resource
Ext. Method
#: 1                
$ 22,172 Taxes UNITED STATES snj:US-CA United States Federal Government [Member] Mountain Pass Mine [Member] Bastnaesite [Member] Open Pit
MP Materials (NYSE:MP)
Historical Stock Chart
From Aug 2024 to Sep 2024 Click Here for more MP Materials Charts.
MP Materials (NYSE:MP)
Historical Stock Chart
From Sep 2023 to Sep 2024 Click Here for more MP Materials Charts.