{
  "commitment": {
    "id": "fin-us-dod-mp-2025-price-floor",
    "eventId": "evt-us-dod-mp-2025",
    "relationships": [],
    "instrument": "price_floor",
    "valueRole": "commitment",
    "capitalSource": "public",
    "amount": null,
    "provider": "US Department of Defense",
    "providerJurisdiction": "us",
    "providerOrgIds": [
      "org-us-dod"
    ],
    "legalAuthority": null,
    "programmeId": null,
    "recipient": "MP Materials Corp.",
    "recipientOrgIds": [
      "org-mp-materials"
    ],
    "project": null,
    "projectId": null,
    "facility": null,
    "locations": [],
    "stages": [],
    "stageAllocation": "not_stated",
    "materialIds": [
      "neodymium",
      "praseodymium"
    ],
    "materialAttribution": "tracked_only",
    "untrackedMaterialsAsStated": [],
    "financialStatusHistory": [
      {
        "status": "contracted",
        "date": "2025-07-09",
        "sourceId": "src-dod-mp-transaction-agreement-2025",
        "note": "NdPr price floor protection agreement (PPA) entered into on the Effective Date."
      }
    ],
    "implementationStatusHistory": [],
    "terms": [
      {
        "kind": "price_floor",
        "value": "110",
        "qualifier": "exact",
        "currency": "USD",
        "unit": "per kg of NdPr",
        "asStated": "a quarterly payment per kilogram (kg) of Neodymium-Praseodymium (\"NdPr\") produced by the Company equal to the shortfall between $110 per kg and the Benchmark Quarterly Average Volume Weighted Price",
        "sourceId": "src-dod-mp-transaction-agreement-2025",
        "note": null
      },
      {
        "kind": "duration",
        "value": "10",
        "qualifier": "exact",
        "currency": null,
        "unit": "years",
        "asStated": "will continue for 10 years",
        "sourceId": "src-dod-mp-transaction-agreement-2025",
        "note": "From the first day of the first full calendar quarter following closing."
      },
      {
        "kind": "other",
        "value": "30",
        "qualifier": "exact",
        "currency": null,
        "unit": "% of the NdPr sales price above $110 per kg",
        "asStated": "the Department of Defense will be entitled to receive 30% of the NdPr sales price which exceeds $110 per kg",
        "sourceId": "src-dod-mp-transaction-agreement-2025",
        "note": "Applies after the 10X Facility reaches full production capacity."
      }
    ],
    "outcomes": [],
    "evidence": [
      {
        "sourceId": "src-dod-mp-transaction-agreement-2025",
        "supports": [
          "instrument",
          "value_role",
          "capital_source",
          "provider",
          "recipient",
          "materials",
          "status",
          "terms"
        ],
        "evidence": "explicit",
        "locator": "Item 1.01, Price Protection Agreement",
        "note": null
      }
    ],
    "notes": "Applies to all of the Company's products that contain NdPr (concentrate, oxide and metal). No total value is stated: the cost depends on future prices, and none is estimated here. The agreement commenced on 1 October 2025. MP's 10-Q for the quarter to 30 June 2026 reports price protection agreement income of $59.9 million for the first half of 2026 (its right to receive cash from the DoW for the gap between $110 per kilogram of NdPr and the benchmark price) and a PPA income receivable of $17.6 million at 30 June 2026 ($51.0 million at 31 December 2025). It does not state cash received, so no payment status is recorded; these are the company's accounting figures, not a government statement."
  },
  "event": {
    "id": "evt-us-dod-mp-2025",
    "date": "2025-07-10",
    "jurisdiction": "us",
    "titleEn": "DoD–MP Materials public-private partnership for rare earth magnet supply"
  },
  "parents": [],
  "children": [],
  "sources": [
    {
      "id": "src-dod-mp-transaction-agreement-2025",
      "title": "MP Materials Corp., Form 8-K (Transaction Agreement with the Department of Defense)",
      "publisher": "MP Materials Corp. / U.S. Securities and Exchange Commission (EDGAR)",
      "url": "https://www.sec.gov/Archives/edgar/data/1801368/000119312525157310/d43796d8k.htm",
      "language": "en",
      "datePublished": "2025-07-10",
      "dateAccessed": "2026-10-03",
      "sourceType": "other",
      "confidence": "primary",
      "notes": "The binding disclosure of the DoD deal terms, filed with the SEC. Read in full 2026-08-12 (EDGAR returns 403 without a declared user agent). Confirms verbatim: the Transaction Agreement was entered into on 9 July 2025 (the 'Effective Date'); a commitment for a $150 million loan to support expansion of heavy rare earth separation, to be extended by DoD within 30 days following closing; a quarterly payment per kilogram of NdPr equal to the shortfall between $110 per kg and the benchmark quarterly average price; a 10-year offtake agreement for magnet production from the 10X Facility; and a warrant issued to DoD. Source type 'other' follows the convention used for src-mp-dod-2025 (company document rather than a government instrument), but this is the filed agreement disclosure rather than a press release. Note the event is dated 2025-07-10, the announcement date, while the agreement's effective date is 2025-07-09. Rebuilt 2026-08-12 after the record was lost to an accidental working-tree revert; re-verified against the filing. Full original filing reread on 3 October 2026 for the 10X lifecycle review; the reporting date is not treated as a construction commencement date."
    }
  ]
}