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Notes: 1. Excluding any outstanding warrants, unvested Sponsor Promote Shares, Seller Incentive Shares, and $10.00 / share market value and assuming no redemptions. See slide 39 for additional assumptions.", "attrs": null, "canon": { "kind": { "name": "Disclaimer", "slug": "disclaimer", "status": "active", "canonId": "91173477-d91f-4024-bbaf-d4f93e3f82dc", "version": 1, "description": "Legal/cautionary text that occupies most of the body of its slide." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 10:26:20.617+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "b225462f-395c-4c80-948b-f72574026520", "parentComponentId": null }, { "bbox": { "h": 0.6, "w": 0.4, "x": 0.55, "y": 0.25 }, "kind": "image", "text": "Four photos of Mountain Pass facilities: Crushing Facility, Mill & Flotation, Dry Paste Tailings, Rare Earth Separation Facility.", "attrs": null, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": 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"description": null }, "function": "analyze_data", "functionCanon": { "name": "Analyze data", "slug": "analyze_data", "status": "active", "canonId": "019de52d-1590-7413-8c82-cc218cff40b4", "version": 1, "description": null }, "density": "dense", "densityScore": 71, "componentCount": 5, "textChars": 1382, "nDataPoints": 12, "notes": "Includes references to NI 43-101 and SEC Guide 7 compliance.", "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "at": "2026-05-02 10:26:22.184+00", "seconds": 3.402, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de50f-d8a4-74eb-8045-26e6a3836513/31", "deck": "/decks/019de50f-d8a4-74eb-8045-26e6a3836513", "deckAnchor": "/decks/019de50f-d8a4-74eb-8045-26e6a3836513#slide-31", "deckJson": "/decks/019de50f-d8a4-74eb-8045-26e6a3836513.json" }, "components": [ { "bbox": { "h": 0.6, "w": 0.45, "x": 0.05, "y": 0.25 }, "kind": "list", "text": "Uniquely high-grade mine with significant content of higher value-added rare earth elements Nd and Pr. ~2,200 fee simple acres with ~15,000 acres of mineral rights; 30-year mine permit. October 2019 NI 43-101 Resources and Reserves Study reflects ~20 years of mine life with conservative operating assumptions. February 2020 SRK Technical Memo recognizes the potential for 15+ years of additional mine life (before pursuing an updated exploratory drilling program) driven by the ability to sell products outside of China. Sales outside China would not be burdened by VAT or tariffs, which should drive an increase to economically proven and probable reserves. 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