This is a $35,000,000.00 Other Transaction Agreement (OTA) awarded by the U.S. Army Research, Development and Engineering Command (CCDC) to MP Mine Operations LLC, doing business as MP Materials, for the Cornerstone Heavy Rare Earth Elements Follow-On Project. The contract is for Phase II-IV of the project, with a period of performance through February 28, 2027. MP Materials is a for-profit limited liability company that specializes in rare earth mining, processing, and materials development. The company plays a critical role in establishing a domestic rare earth supply chain independent of foreign resources. This OTA contract supports MP Materials' work to mine, process, and deliver rare earth elements, particularly neodymium and praseodymium oxides, which are essential for advanced manufacturing, defense technologies, and emerging green energy applications. The contract was awarded on a non-set-aside basis, indicating MP Materials' competitive capabilities in this domain.
Generated 5/27/25, 9:47 AM