{
  "projectionVersion": "smpt-investigation-1",
  "projectId": "prj-us-mp-10x-facility",
  "corpus": {
    "revision": "2026-11-03",
    "legalStatusCutoff": "2026-11-03",
    "view": "current_corpus_revision",
    "notice": "Curated corpus revision, not source freshness or historical known-as-of coverage. Financial histories retain their own status dates."
  },
  "project": {
    "id": "prj-us-mp-10x-facility",
    "name": "10X Facility",
    "sponsorOrgIds": [
      "org-mp-10x-development",
      "org-mp-materials"
    ],
    "locations": [
      {
        "countryCode": "US",
        "subnational": "Texas",
        "asStated": "a 120-acre site in Northlake, Texas"
      }
    ],
    "stages": [
      "component_manufacturing"
    ],
    "materialIds": [
      "ndfeb-magnets"
    ],
    "materialAttribution": "tracked_only",
    "untrackedMaterialsAsStated": [],
    "evidence": [
      {
        "sourceId": "src-dod-mp-transaction-agreement-2025",
        "supports": [
          "name",
          "sponsors",
          "stages",
          "materials"
        ],
        "evidence": "explicit",
        "locator": "Item 1.01, overview and Transaction Agreement paragraphs",
        "note": "\"the Company’s construction of its second domestic magnet manufacturing facility (the “10X Facility”)\"; built \"to produce sintered Neodymium-iron boron (NdFeB) permanent magnet blocks and / or other finished magnets\"."
      },
      {
        "sourceId": "src-mp-10q-2026-q2",
        "supports": [
          "location"
        ],
        "evidence": "explicit",
        "locator": "Note 1; note on property, plant and equipment",
        "note": "The site was bought in April 2026; the July 2025 filing gave only \"a soon-to-be-chosen location\"."
      }
    ],
    "notes": "The July 2025 filing and release gave the site as \"a soon-to-be-chosen location\"; MP's 10-Q for the quarter to 30 June 2026 places it in Northlake, Texas."
  },
  "organizations": [
    {
      "id": "org-goldman-sachs-bank-usa",
      "name": "Goldman Sachs Bank USA",
      "nameOriginal": null,
      "aliases": [],
      "kind": "bank",
      "roles": [
        {
          "role": "provider",
          "recordId": "fin-us-dod-mp-2025-bank-financing"
        }
      ],
      "evidence": [
        {
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "supports": [
            "name",
            "kind"
          ],
          "evidence": "explicit",
          "locator": "Item 1.01, overview and Transaction Agreement paragraphs",
          "note": "Named with JPMorgan as a provider of \"committed secured financing\" for the 10X Facility."
        }
      ]
    },
    {
      "id": "org-jpmorgan-chase-funding",
      "name": "JPMorgan Chase Funding Inc.",
      "nameOriginal": null,
      "aliases": [],
      "kind": "bank",
      "roles": [
        {
          "role": "provider",
          "recordId": "fin-us-dod-mp-2025-bank-financing"
        }
      ],
      "evidence": [
        {
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "supports": [
            "name",
            "kind"
          ],
          "evidence": "ambiguous",
          "locator": "Item 1.01, overview",
          "note": "\"JPMorgan Chase Funding Inc. (acting through such of its affiliates and branches as it deems appropriate, “JPMorgan”)\". The filing names the lending entity, not whether it is itself a bank; it is classed with the commercial lenders it acts for."
        }
      ]
    },
    {
      "id": "org-mp-10x-development",
      "name": "MP 10X Development, LLC",
      "nameOriginal": null,
      "aliases": [],
      "kind": "project_company",
      "roles": [
        {
          "role": "registered_sponsor",
          "recordId": "prj-us-mp-10x-facility"
        },
        {
          "role": "recipient",
          "recordId": "fin-us-dod-mp-2025-magnet-offtake"
        }
      ],
      "evidence": [
        {
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "supports": [
            "name",
            "kind"
          ],
          "evidence": "explicit",
          "locator": "Item 1.01, Offtake Agreement paragraph; Exhibit 10.5",
          "note": "\"a special purpose vehicle (the “Project Company”), established to develop the 10X Facility\"; Exhibit 10.5 names the party to the Offtake Agreement as MP 10X Development, LLC."
        }
      ]
    },
    {
      "id": "org-mp-materials",
      "name": "MP Materials Corp.",
      "nameOriginal": null,
      "aliases": [
        "MP Materials"
      ],
      "kind": "company",
      "roles": [
        {
          "role": "registered_sponsor",
          "recordId": "prj-us-mp-10x-facility"
        },
        {
          "role": "recipient",
          "recordId": "fin-us-dod-mp-2025-bank-financing"
        },
        {
          "role": "recipient",
          "recordId": "fin-us-dod-mp-2025-company-cash"
        }
      ],
      "evidence": [
        {
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "supports": [
            "name",
            "kind",
            "country"
          ],
          "evidence": "explicit",
          "locator": "Cover page",
          "note": "State of incorporation: Delaware; principal executive offices in Las Vegas, Nevada."
        }
      ]
    },
    {
      "id": "org-us-dod",
      "name": "U.S. Department of Defense",
      "nameOriginal": null,
      "aliases": [
        "U.S. Department of War",
        "Department of War",
        "DoD"
      ],
      "kind": "government",
      "roles": [
        {
          "role": "provider",
          "recordId": "fin-us-dod-mp-2025-magnet-offtake"
        }
      ],
      "evidence": [
        {
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "supports": [
            "name",
            "kind",
            "country",
            "actor"
          ],
          "evidence": "explicit",
          "locator": "Item 1.01, first paragraph",
          "note": "\"the United States Department of Defense (“Department of Defense” or “DoD”)\""
        },
        {
          "sourceId": "src-osc-vulcan-reelement-2025",
          "supports": [
            "name"
          ],
          "evidence": "explicit",
          "locator": "Third paragraph",
          "note": "\"Following the Department of War's agreement earlier this year with MP Materials\": the agreement the Form 8-K records with the Department of Defense, so one department under two names."
        }
      ]
    }
  ],
  "financialInstruments": [
    {
      "id": "fin-us-dod-mp-2025-bank-financing",
      "eventId": "evt-us-dod-mp-2025",
      "instrument": "loan",
      "valueRole": "private_financing",
      "capitalSource": "private",
      "projectRelationship": "directly_attributable",
      "projectId": "prj-us-mp-10x-facility",
      "associatedProjectIds": [],
      "amount": {
        "value": "1000000000",
        "currency": "USD",
        "qualifier": "at_least",
        "amountAsStated": "committed secured financing ... in an amount equal to, in the aggregate, at least $1,000,000,000 (the \"10X Facility Funding\")",
        "currencyBasis": "issuer_context",
        "basisNote": null,
        "basisLabel": null
      },
      "amountBasis": "current_recorded_terms_not_historical_totals",
      "provider": "JPMorgan Chase Funding Inc. and Goldman Sachs Bank USA",
      "providerJurisdiction": null,
      "providerOrgIds": [
        "org-goldman-sachs-bank-usa",
        "org-jpmorgan-chase-funding"
      ],
      "recipient": "MP Materials Corp.",
      "recipientOrgIds": [
        "org-mp-materials"
      ],
      "programmeId": null,
      "legalAuthority": null,
      "facility": "10X Facility",
      "locations": [],
      "materialIds": [],
      "stages": [],
      "currentFinancialStatus": "lapsed",
      "financialStatusHistory": [
        {
          "status": "decided",
          "date": "2025-07-09",
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "note": "A debt commitment letter, \"subject to customary terms and conditions\"; the filing does not describe an executed loan agreement."
        },
        {
          "status": "lapsed",
          "date": "2025-08-26",
          "sourceId": "src-mp-10q-2025-q3",
          "note": "\"The Commitment Letter expired undrawn on its own terms on August 26, 2025, as it was reduced on a dollar-for-dollar basis upon the Offering ... and the Company's execution of the Revolving Credit Facility.\""
        }
      ],
      "legacyPhysicalObservations": [
        {
          "status": "construction",
          "date": null,
          "sourceId": "src-mp-10q-2026-q2",
          "note": "Note 6 reports construction underway at the Northlake site purchased in April 2026. The actual construction start date is not stated. This is the linked physical project's status, independent of the bank commitment letter's expiry."
        }
      ],
      "terms": [
        {
          "kind": "other",
          "value": "650000000",
          "qualifier": "exact",
          "currency": "USD",
          "unit": null,
          "asStated": "$650,000,000 of which will ... be specifically allocated to the construction of the 10X Facility",
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "note": null
        }
      ],
      "statedOutcomes": [],
      "relationships": [],
      "evidence": [
        {
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "supports": [
            "instrument",
            "value_role",
            "capital_source",
            "amount",
            "provider",
            "recipient",
            "facility",
            "status",
            "terms",
            "project"
          ],
          "evidence": "explicit",
          "locator": "Item 1.01, 10X Facility Funding",
          "note": null
        },
        {
          "sourceId": "src-mp-10q-2025-q3",
          "supports": [
            "status"
          ],
          "evidence": "explicit",
          "locator": "Note 3 (Public-Private Partnership), Commitment Letter for Facility Construction",
          "note": null
        },
        {
          "sourceId": "src-mp-q2-results-20260806",
          "supports": [
            "status"
          ],
          "evidence": "explicit",
          "locator": "CEO comments in second-quarter 2026 results",
          "note": "Reports accelerated construction at 10X. This corroborates the project's construction status; it does not date construction commencement or establish a financing draw."
        },
        {
          "sourceId": "src-mp-10q-2026-q2",
          "supports": [
            "status"
          ],
          "evidence": "explicit",
          "locator": "Note 1; Note 6, Property, Plant and Equipment; MD&A, Magnetics segment",
          "note": "Construction of the linked 10X Facility is underway. This does not revive or demonstrate a draw under the expired 2025 bank commitment letter."
        }
      ],
      "notes": "Private capital raised alongside the DoD package. Never part of a public-support figure. The filing says the $1,000,000,000 may be reduced dollar for dollar for certain equity or debt raises and certain unrestricted cash. The letter expired undrawn on 26 August 2025 (Form 10-Q for Q3 2025), after the company's public offering (net proceeds of $724.2 million, per its Form 10-K for 2025) and a revolving credit facility reduced it to nothing. Lifecycle review on 3 October 2026: the Q3 2025 filing still supports the letter's undrawn expiry; the Q2 2026 filing and 6 August results report construction at the linked 10X project. The subsequent equity offering and revolving credit facility are separate financing, not disbursements or repayment under this historical commitment."
    },
    {
      "id": "fin-us-dod-mp-2025-magnet-offtake",
      "eventId": "evt-us-dod-mp-2025",
      "instrument": "offtake",
      "valueRole": "commitment",
      "capitalSource": "public",
      "projectRelationship": "directly_attributable",
      "projectId": "prj-us-mp-10x-facility",
      "associatedProjectIds": [],
      "amount": null,
      "amountBasis": "current_recorded_terms_not_historical_totals",
      "provider": "US Department of Defense",
      "providerJurisdiction": "us",
      "providerOrgIds": [
        "org-us-dod"
      ],
      "recipient": "MP 10X Development, LLC (project company established to develop the 10X Facility)",
      "recipientOrgIds": [
        "org-mp-10x-development"
      ],
      "programmeId": null,
      "legalAuthority": null,
      "facility": "10X Facility",
      "locations": [],
      "materialIds": [
        "ndfeb-magnets"
      ],
      "stages": [
        "component_manufacturing"
      ],
      "currentFinancialStatus": "contracted",
      "financialStatusHistory": [
        {
          "status": "contracted",
          "date": "2025-07-09",
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "note": "Offtake Agreement dated 9 July 2025 (Exhibit 10.5)."
        }
      ],
      "legacyPhysicalObservations": [
        {
          "status": "announced",
          "date": "2025-07-10",
          "sourceId": "src-mp-dod-2025",
          "note": "The company \"will construct\" the facility \"at a soon-to-be-chosen location\"."
        },
        {
          "status": "construction",
          "date": null,
          "sourceId": "src-mp-10q-2026-q2",
          "note": "\"In April 2026, the Company purchased a 120-acre site in Northlake, Texas, for approximately $80 million where construction of the 10X Facility is currently underway.\" Reported for the quarter to 30 June 2026; the start date of construction is not stated."
        }
      ],
      "terms": [
        {
          "kind": "offtake_share",
          "value": "100",
          "qualifier": "exact",
          "currency": null,
          "unit": "% of magnet production",
          "asStated": "the Project Company will sell and deliver to the Department of Defense the entire amount of magnets produced at the 10X Facility",
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "note": "The Project Company may syndicate up to 100% of production to commercial customers at DoD's request, or at its own request with DoD's consent."
        },
        {
          "kind": "duration",
          "value": "10",
          "qualifier": "exact",
          "currency": null,
          "unit": "years",
          "asStated": "a term of ten years following the Commercial Operation Date",
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "note": null
        },
        {
          "kind": "other",
          "value": "140000000",
          "qualifier": "at_least",
          "currency": "USD",
          "unit": "EBITDA per year",
          "asStated": "the 10X Facility will generate at least $140,000,000 of EBITDA on an annual basis after reaching full production capacity, adjusted annually ... for inflation at a rate equal to 2%",
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "note": "The Threshold EBITDA Amount."
        },
        {
          "kind": "other",
          "value": "25",
          "qualifier": "exact",
          "currency": null,
          "unit": "% of the Threshold EBITDA Amount per quarter",
          "asStated": "quarterly \"magnet facilitation payments\" ... equal to 25% of the applicable Threshold EBITDA Amount each quarter",
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "note": null
        },
        {
          "kind": "annual_reimbursement_cap",
          "value": "30000000",
          "qualifier": "up_to",
          "currency": "USD",
          "unit": "per calendar year",
          "asStated": "payments in respect of certain incremental costs ... capped at $30,000,000 in any calendar year",
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "note": null
        }
      ],
      "statedOutcomes": [
        {
          "metric": "target_date",
          "value": null,
          "qualifier": null,
          "unit": null,
          "targetDate": "2028",
          "asStated": "expected to begin commissioning in 2028",
          "statedBy": "recipient",
          "sourceId": "src-mp-dod-2025",
          "note": null
        },
        {
          "metric": "annual_capacity",
          "value": "10000",
          "qualifier": "approximately",
          "unit": "metric tons",
          "targetDate": null,
          "asStated": "MP Materials' total U.S. rare earth magnet manufacturing capacity will reach an estimated 10,000 metric tons",
          "statedBy": "recipient",
          "sourceId": "src-mp-dod-2025",
          "note": "Company-wide magnet capacity once the facility is complete, not the 10X Facility alone."
        }
      ],
      "relationships": [],
      "evidence": [
        {
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "supports": [
            "instrument",
            "value_role",
            "capital_source",
            "provider",
            "recipient",
            "project",
            "facility",
            "stages",
            "materials",
            "status",
            "terms"
          ],
          "evidence": "explicit",
          "locator": "Item 1.01, Offtake Agreement",
          "note": null
        },
        {
          "sourceId": "src-mp-dod-2025",
          "supports": [
            "status",
            "outcomes"
          ],
          "evidence": "explicit",
          "locator": "Opening paragraphs",
          "note": null
        },
        {
          "sourceId": "src-mp-10q-2026-q2",
          "supports": [
            "status"
          ],
          "evidence": "explicit",
          "locator": "Note 1; Note 6, Property, Plant and Equipment; Note 9, Operating Leases; Note 13, Other Current Assets; MD&A, DoW Offtake Agreement and Magnetics segment",
          "note": "Construction is underway and the filing continues to describe the executed DoW offtake. The $6.0 million contract liability and $3.892 million reimbursable-cost receivable are accounting balances, not a separately disclosed cumulative cash-disbursement amount for this offtake."
        },
        {
          "sourceId": "src-mp-q2-results-20260806",
          "supports": [
            "status"
          ],
          "evidence": "explicit",
          "locator": "CEO comments in second-quarter 2026 results",
          "note": "Reports accelerated construction at 10X. This corroborates the project's construction status; it does not date construction commencement or establish a financing draw."
        }
      ],
      "notes": "No amount is stated for the offtake itself: DoD buys at the Project Company's production cost and makes facilitation payments. The outcomes are the company's expectations. Lifecycle review on 3 October 2026 retains contracted status and construction with an unknown commencement date. The Q2 2026 filing recognizes pre-production reimbursable costs under the offtake but does not separately quantify cumulative cash paid under it; no disbursement status or total commitment amount is inferred from deferred balances or receivables. Price Protection Agreement receipts, Independence production and Apple prepayments concern separate instruments or facilities. Commissioning in 2028 remains a target."
    }
  ],
  "nonallocativeAssociations": [
    {
      "id": "fin-us-dod-mp-2025-company-cash",
      "eventId": "evt-us-dod-mp-2025",
      "instrument": "unspecified",
      "valueRole": "recipient_own_funds",
      "capitalSource": "private",
      "projectRelationship": "nonallocative_association",
      "projectId": null,
      "associatedProjectIds": [
        "prj-us-mp-10x-facility",
        "prj-us-mountain-pass-samarium",
        "prj-us-mp-independence-expansion",
        "prj-us-mp-mountain-pass-hcl-facilities"
      ],
      "amount": {
        "value": "600000000",
        "currency": "USD",
        "qualifier": "up_to",
        "amountAsStated": "The Company has also agreed to use up to $600,000,000 of its existing cash to fund the above projects.",
        "currencyBasis": "issuer_context",
        "basisNote": null,
        "basisLabel": null
      },
      "amountBasis": "current_recorded_terms_not_historical_totals",
      "provider": null,
      "providerJurisdiction": null,
      "providerOrgIds": [],
      "recipient": "MP Materials Corp.",
      "recipientOrgIds": [
        "org-mp-materials"
      ],
      "programmeId": null,
      "legalAuthority": null,
      "facility": null,
      "locations": [],
      "materialIds": [
        "rare-earth-elements",
        "ndfeb-magnets"
      ],
      "stages": [
        "refining",
        "component_manufacturing"
      ],
      "currentFinancialStatus": "decided",
      "financialStatusHistory": [
        {
          "status": "decided",
          "date": "2025-07-09",
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "note": "An undertaking in the Transaction Agreement."
        }
      ],
      "legacyPhysicalObservations": [],
      "terms": [],
      "statedOutcomes": [
        {
          "metric": "annual_capacity",
          "value": "3000",
          "qualifier": "exact",
          "unit": "tons of magnets annually",
          "targetDate": null,
          "asStated": "expand capacity at the Company's \"Independence\" magnet facility ... to a projected 3,000 tons of magnets annually",
          "statedBy": "recipient",
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "note": "A projection in the company's filing; a reasonable-best-efforts undertaking, not a government target."
        }
      ],
      "relationships": [],
      "evidence": [
        {
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "supports": [
            "instrument",
            "value_role",
            "capital_source",
            "amount",
            "recipient",
            "project",
            "stages",
            "materials",
            "status",
            "outcomes"
          ],
          "evidence": "explicit",
          "locator": "Item 1.01, Transaction Agreement",
          "note": null
        }
      ],
      "notes": "The recipient's own contribution, recorded so it is never counted as public support. The Transaction Agreement states that up to $600 million of existing cash supports the 10X Facility, Samarium Project and Facility Improvements, with no allocation among those uses. associatedProjectIds records those non-allocative links; the amount is not attributed to any project stack."
    }
  ],
  "designations": [],
  "nativeMilestones": [],
  "policyContexts": [
    {
      "id": "evt-us-dod-mp-2025",
      "relationship": "finance_or_designation_parent",
      "jurisdiction": "us",
      "issuingBody": "Department of Defense",
      "titleEn": "DoD–MP Materials public-private partnership for rare earth magnet supply",
      "titleOriginal": "DoD–MP Materials public-private partnership for rare earth magnet supply",
      "documentNumber": null,
      "date": "2025-07-10",
      "policyStatus": "active",
      "sourceIds": [
        "src-dod-mp-transaction-agreement-2025",
        "src-osc-mp-loan-2025",
        "src-mp-dod-2025",
        "src-fortune-dod-mp",
        "src-mp-10q-2025-q3",
        "src-mp-10k-2025",
        "src-mp-10q-2026-q2"
      ]
    }
  ],
  "coannouncedControls": [
    {
      "id": "ctl-us-dod-mp-2025-ownership-covenants",
      "eventId": "evt-us-dod-mp-2025",
      "relationship": "announcement_sibling_not_project_impact",
      "clause": "Transaction Agreement, Specified Period covenants",
      "measureType": "contractual_ownership_covenant",
      "legalBasisAsStated": null,
      "productScopeAsStated": "Without DoD's consent the Company may not consummate a Fundamental Event (a sale of 15% or more of its voting stock, or of material equity or assets of the Project Company) other than to persons from permitted jurisdictions, sell equity or material assets of the Project Company, sell assets or products DoD identifies as a national-security priority, knowingly issue more than 14.9% of its common stock to persons from non-permitted foreign jurisdictions, or consummate a CFIUS-jurisdiction Fundamental Event without CFIUS clearance; it will not nominate non-U.S. citizens to its Board.",
      "statusHistory": [
        {
          "status": "in_force",
          "date": "2025-07-09",
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "note": "The Transaction Documents were executed on the Effective Date. The covenants run for the Specified Period, while DoD holds more than 75% of its securities, the Offtake Agreement or PPA remains in place, or the Samarium loan is outstanding.",
          "until": null
        }
      ],
      "evidence": [
        {
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "supports": [
            "measure_type",
            "direction",
            "clause",
            "targets",
            "materials",
            "product_scope",
            "status"
          ],
          "evidence": "explicit",
          "locator": "Item 1.01, Transaction Agreement",
          "note": null
        }
      ]
    },
    {
      "id": "ctl-us-dod-mp-2025-restricted-buyers",
      "eventId": "evt-us-dod-mp-2025",
      "relationship": "announcement_sibling_not_project_impact",
      "clause": "PPA and Offtake Agreement, Restricted Buyers",
      "measureType": "end_use_restriction",
      "legalBasisAsStated": null,
      "productScopeAsStated": "NdPr products and magnets from the 10X Facility: \"subject to a prohibition on sales to certain Restricted Buyers\"",
      "statusHistory": [
        {
          "status": "in_force",
          "date": "2025-07-09",
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "note": null,
          "until": null
        }
      ],
      "evidence": [
        {
          "sourceId": "src-dod-mp-transaction-agreement-2025",
          "supports": [
            "measure_type",
            "direction",
            "clause",
            "targets",
            "materials",
            "product_scope",
            "status"
          ],
          "evidence": "explicit",
          "locator": "Item 1.01, Price Protection Agreement and Offtake Agreement",
          "note": null
        }
      ]
    }
  ],
  "financePackageReferences": [],
  "unknowns": [
    "No project-native source-reviewed industrial milestone is published. Attributed activity in financing histories remains a separate evidence class; no exact milestone date or facility-wide conclusion is inferred.",
    "Some directly linked instruments have no stated amount. A missing value is not zero.",
    "Historical amount review is incomplete. Current amounts cannot be read as a time series of earlier commitments.",
    "Shared financing is not allocated among the named projects and is excluded from this project's stack and backers.",
    "Structural links and shared materials do not demonstrate that a government measure caused an industrial outcome."
  ],
  "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",
      "sourceType": "other",
      "confidence": "primary",
      "publishedOn": "2025-07-10",
      "accessedOn": "2026-10-03"
    },
    {
      "id": "src-fortune-dod-mp",
      "title": "Rare earths magnets: MP Materials stock surge, landmark deals",
      "publisher": "Fortune",
      "url": "https://fortune.com/2025/08/12/rare-earths-magnets-mp-materials-stock-surge-landmark-deals-trump-apple/",
      "language": "en",
      "sourceType": "news",
      "confidence": "secondary",
      "publishedOn": "2025-08-12",
      "accessedOn": "2026-06-13"
    },
    {
      "id": "src-mp-10k-2025",
      "title": "MP Materials Corp. Form 10-K for the fiscal year ended December 31, 2025",
      "publisher": "MP Materials Corp. / U.S. Securities and Exchange Commission (EDGAR)",
      "url": "https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm",
      "language": "en",
      "sourceType": "official",
      "confidence": "primary",
      "publishedOn": "2026-02-26",
      "accessedOn": "2026-09-23"
    },
    {
      "id": "src-mp-10q-2025-q3",
      "title": "MP Materials Corp. Form 10-Q for the quarterly period ended September 30, 2025",
      "publisher": "MP Materials Corp. / U.S. Securities and Exchange Commission (EDGAR)",
      "url": "https://www.sec.gov/Archives/edgar/data/1801368/000180136825000054/mp-20250930.htm",
      "language": "en",
      "sourceType": "official",
      "confidence": "primary",
      "publishedOn": "2025-11-07",
      "accessedOn": "2026-10-03"
    },
    {
      "id": "src-mp-10q-2026-q2",
      "title": "MP Materials Corp. Form 10-Q for the quarterly period ended June 30, 2026",
      "publisher": "MP Materials Corp. / U.S. Securities and Exchange Commission (EDGAR)",
      "url": "https://www.sec.gov/Archives/edgar/data/1801368/000180136826000048/mp-20260630.htm",
      "language": "en",
      "sourceType": "official",
      "confidence": "primary",
      "publishedOn": "2026-08-07",
      "accessedOn": "2026-10-03"
    },
    {
      "id": "src-mp-dod-2025",
      "title": "MP Materials announces transformational public-private partnership with the Department of Defense",
      "publisher": "MP Materials",
      "url": "https://mpmaterials.com/news/mp-materials-announces-transformational-public-private-partnership-with-the-department-of-defense-to-accelerate-u-s-rare-earth-magnet-independence/",
      "language": "en",
      "sourceType": "other",
      "confidence": "primary",
      "publishedOn": "2025-07-10",
      "accessedOn": "2026-06-13"
    },
    {
      "id": "src-mp-q2-results-20260806",
      "title": "MP Materials Reports Second Quarter 2026 Results",
      "publisher": "MP Materials Corp.",
      "url": "https://investors.mpmaterials.com/investor-news/news-details/2026/MP-Materials-Reports-Second-Quarter-2026-Results/default.aspx",
      "language": "en",
      "sourceType": "official",
      "confidence": "primary",
      "publishedOn": "2026-08-06",
      "accessedOn": "2026-10-03"
    },
    {
      "id": "src-osc-mp-loan-2025",
      "title": "Office of Strategic Capital Announces First Loan Through DoD Agreement With MP Materials to Secure Critical Materials Supply Chain",
      "publisher": "U.S. Department of Defense, Office of Strategic Capital",
      "url": "https://www.war.gov/News/Releases/Release/Article/4270722/office-of-strategic-capital-announces-first-loan-through-dod-agreement-with-mp/",
      "language": "en",
      "sourceType": "official",
      "confidence": "primary",
      "publishedOn": "2025-08-10",
      "accessedOn": "2026-09-23"
    },
    {
      "id": "src-osc-vulcan-reelement-2025",
      "title": "Office of Strategic Capital Agrees to Joint $700M Conditional Loan Commitment with Vulcan Elements and ReElement Technologies",
      "publisher": "U.S. Department of War (Office of Strategic Capital)",
      "url": "https://www.war.gov/News/Releases/Release/Article/4339788/office-of-strategic-capital-agrees-to-joint-700m-conditional-loan-commitment-wi/",
      "language": "en",
      "sourceType": "official",
      "confidence": "primary",
      "publishedOn": "2025-11-21",
      "accessedOn": "2026-09-23"
    }
  ],
  "limitations": [
    "Policy contexts here parent existing finance or designation records; a shared material or date never creates a causal edge.",
    "Coannounced controls are announcement siblings only, not project-specific restrictions or effects.",
    "Direct project attribution and nonallocative association are different. No individual monetary allocation, financial sum or payment conclusion is authorized.",
    "Financing statuses describe the current corpus revision. Legacy implementation observations require scoped review and are not project-native milestones.",
    "A milestone's event/target date, publication/access horizon and reviewer date are separate. A planned target is not automatically occurred.",
    "An absent reviewed milestone means no approved entry in SMPT, not that the facility is inactive or failed.",
    "Amounts retain current source-stated terms, original currency and exact decimal strings. This packet computes no historical financial totals or project-wide monetary allocation.",
    "Published source review does not establish independent on-site verification. Source, financial-status, occurrence, target and review dates remain distinct."
  ]
}