Oct 23 2025•

MAADEN’S AR RJUM GOLD MINE MOVES FORWARD WITH AWARD OF FIRST DEVELOPMENT CONTRACT

Riyadh, Saudi Arabia – 23 October 2025: Maaden (Saudi Arabian Mining Company), one of the world’s fastest-growing mining companies, has awarded a major Engineering, Procurement and Construction Management (EPCM) contract to Bechtel for its Ar Rjum gold mine. The announcement follows Maaden’s Final Investment Decision (FID) on Ar Rjum in August 2025 as part of its plans to double gold production by 2030

Under the SAR 391.1 million (USD 104.3 million) agreement, Bechtel, a trusted global leader in engineering, construction and project management, will provide EPCM services for the construction of mine and processing facilities.

The multi-year agreement will support the development of Saudi Arabia’s newest gold mine at Ar Rjum, located in the Makkah Region, approximately 200 kilometers northeast of Ta’if, Ar Rjum, is projected to produce 3.6 million ounces of gold over a 12-year life of mine period. The project will include an open-pit operation and a state-of-the-art processing facility capable of handling a throughput of eight million tons per annum (Mtpa) of ore.

Bob Wilt, CEO of Maaden, said: “The Ar Rjum Project is a major milestone in Maaden’s journey to strengthen our portfolio. We have ambitious targets for our gold business and Ar Rjum will be a major component of our ability to double production, as well as to grow at pace and continue to build our pipeline of talent to deliver our strategy. We maintain our confidence in the significant opportunity offered by the Kingdom’s mineral endowment and gold will play a key role in unearthing that potential.”

Ailie MacAdam, President, Bechtel Mining & Metals said: “For more than 80 years, Bechtel has helped shape the region’s infrastructure — from landmark projects like Jubail Industrial City to the recent completion of the Riyadh Metro. Our legacy of delivering complex, world-class projects, together with deep mining expertise, positions us to deliver this critical project. In partnership with Maaden — and leveraging Bechtel’s global supply chain of more than 7,000 suppliers along with our strong local partnerships — we’re proud to support a project that advances long-term regional growth and prosperity.”

Maaden’s partnership with Bechtel extends its track record of working with world-class global engineering and mining firms to deliver projects that transform the Kingdom’s resource landscape. Over its expected 12 years of operation, the Ar Rjum project will create lasting economic value, open new opportunities for local suppliers, support nearby communities and help fuel the rapid growth of Saudi Arabia’s mining sector.

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Oct 19 2025

News Releases

In a world where food has become as strategic as energy, Saudi Arabia is seizing its next growth opportunity – helping feed the planet. On World Food Day, Hasan Al-Ali, Executive Vice President of Maaden’s Phosphate Business Unit, explains why Maaden is investing to expand its phosphate business – a move set to make Saudi Arabia the second largest phosphate fertilizer exporter in the world and a pillar of global food security.

World Food Day is a reminder that food security is the defining challenge of our time. By 2050, the global population will approach 10 billion people. Farmers will need to grow more food on less land, inconsistent supply chains and under harsher climatic conditions resulting in low crop yields. Fertilizer is the single most important input to make that possible. Phosphate fertilizers areindispensable - they enrich nutrient deficient soils and improve crop production. Without phosphate, the world cannot feed itself.

Saudi Arabia is home to some of the world’s largest phosphate reserves, known for exceptionally low levels of heavy metals. While less recognized than the Kingdom’s gold or energy wealth, phosphate is rapidly gaining strategic importance as food security and fertilizer scarcity rise on the global agenda.

Our country’s phosphate reserve represents both a responsibility and an opportunity: a responsibility to harness it in support of global food security and a powerful business opportunity to transform natural resources into long-term economic value.

Supplying local farmers in Saudi Arabia and around the world, Maaden’s fully integrated and optimized supply chain delivers around 20% of the global phosphate supply, supporting farmers and industries across more than 30 countries, including Brazil, India and Kenya. As demand continues to grow, we’re making a major investment to expand capacity and deliver on an even greater scale.

Maaden’s phosphate operations are anchored by two major industrial hubs: Wa’ad Al Shamal in the north and Ras Al Khair on the Arabian Gulf coast. Wa’ad Al Shamal focuses on mining and processing, while Ras Al Khair manages finishing, storage and export to global markets. The Phosphate 3 mega project is now underway to expand and upgrade both hubs, boosting production capacity by 50% to reach nine million tons annually.

What makes this expansion even more powerful is that it builds on an already fully integrated system. Our phosphate moves from mine to port entirely within the Kingdom, protected from many of the external disruptions that affect global markets, allowing us to deliver consistently and competitively to farmers worldwide, no matter the conditions.

A decade ago, Maaden was not even on the global phosphate map. Today, we produce 6 million tons of phosphate. Tomorrow, with the increase production capacity across our phosphate hubs, we are on track to position Saudi Arabia among the top three phosphate producers and the second-largest exporter worldwide.

This is Vision 2030 in action. Saudi Arabia stands at the forefront of one of humanity’s greatest challenges: securing the world’s food supply. At the same time, the Kingdom is unlocking powerful new ways to grow its own economy. Maaden is turning that vision into reality by transforming natural resources into global solutions and proving that mining isn’t just vital to the Kingdom’s future, but to the world’s.

On this World Food Day my message is clear: Maaden is proud to help feed the world and equally proud to make phosphate central to the Kingdom’s economic transformation and long-term prosperity.

Oct 01 2025

News Releases

Wednesday 1 October, Silverstone, UK: As part of their ongoing partnership campaign, Unearth Your Greatness, Maaden (Saudi Arabian Mining Company) and Aston Martin Aramco have unveiled a global multi-year youth development initiative.

Unearth Your Greatness aims to celebrate the greatness that comes from the dedication to craft, both within the world of Formula One™ and the Mining Industry. The ambitious programme is designed to inspire and equip young people with the knowledge, skills and hands-on learning experience needed to explore STEM related careers in both industries.

Aligned with the Kingdom’s Vision 2030 goal to modernise education and grow a knowledge-based economy, Maaden’s investment will provide access to resources for both students and teachers, helping to integrate professional learning. The platform will provide greater inclusion in STEM fields to create lasting pathways from education and industry, to help drive recruitment of the best talent.

As part of the Unearth Your Greatness Programme, Maaden is announced as Official Supporting Partner of STEM Racing, the global F1® supported programme where students design, build and race CO2 powered cars.

To support this, Maaden will provide a brand new bespoke online learning platform - the Global STEM Racing Learning Channel - creating new flexibility for STEM Racing engagement, both for educators and learners. Interactive modules, lessons and certifications can be leveraged in classrooms or at home by students to aid self-led learning. By 2028, this platform is expected to engage 100,000 students and teachers globally.

Further impactful partnerships and programme expansions will be announced in the coming year.

Andy Cowell, CEO and Team Principal, Aston Martin Aramco Formula One™ Team: “At Aston Martin Aramco, we are committed to making Formula 1® more inclusive by creating meaningful opportunities and access for the next generation. Through this youth engagement programme, in partnership with Maaden, we are acting on a shared belief that while talent exists everywhere, opportunity does not. Together, we are opening doors to a global stage, helping inspire and empower young people to see what is possible and to pursue their potential.”

Bob Wilt, CEO, Maaden: “Talent is integral to the growth and success of our organization over the coming years and a significant part of our partnership with Aston Martin Aramco Formula One™️ Team was our joint ability to access and inspire global youth. We are redefining Maaden, reinvigorating mining and reinforcing Saudi Arabia’s economic growth, opportunity and diversification. We are supporting the Kingdom’s ambitions of building an industrial mineral hub for the future – and to do so we must be an employer of choice for the best and brightest, where leaders of today and tomorrow come to learn, evoke change and advance an industry.”

Andrew Denford, CEO and Founder, STEM Racing: “For over 25 years, we’ve brought the excitement of Formula 1 into the classroom - sparking curiosity, building skills, and unlocking the potential of young people worldwide. With this partnership, we’re scaling that impact like never before. Together with Maaden and the Aston Martin Aramco Formula One™ Team, we’re launching a global initiative to equip students with knowledge, inspiration, and hands-on experience. Discovering and developing the brightest minds - regardless of background - has always been core to our mission. This is about unlocking opportunity and giving students the tools to thrive in their future careers. We’re confident this partnership will help shape the future of motorsport, and more importantly, empower young people across the globe to thrive in STEM and beyond.”

About Aston Martin Aramco Formula One™ Team

With history dating back to 1913 and its founders Lionel Martin and Robert Bamford, Aston Martin has a storied history rooted in racing. Early success at the Aston Hill Climb inspired a legacy of crafting high-performance luxury vehicles, which today includes the DB12, Vantage, Vanquish, DBX707, and the F1-inspired Aston Martin Valkyrie. The brand debuted in Grand Prix racing in 1922, claimed outright victory at Le Mans in 1959 and returned to Formula One in 2021 under Lawrence Stroll’s leadership.

The team has since made significant investments, notably opening the AMR Technology Campus in Silverstone in 2023, featuring sustainable design and a cutting-edge wind tunnel that became operational in 2025.

On-track, the driver line-up features the experienced Canadian Lance Stroll and double World Champion Fernando Alonso, supported by Test and Reserve Drivers Felipe Drugovich and Stoffel Vandoorne, along with Team Ambassador Pedro de la Rosa and Young Development Driver Jak Crawford. Aston Martin Aramco also races in the all-female F1® Academy series, with Swiss driver Tina Hausmann competing under the mentorship of the team’s F1® Academy Head of Racing and Driver Ambassador, Jessica Hawkins.

Sep 08 2025

News Releases

Al-Quwayiyah, Saudi Arabia, 8 September 2025:

Al-Quwayiyah will open the governorate’s first comprehensive care and rehabilitation center for peoplewith disabilities. Designed to serve more than 200 beneficiaries from the area and nearby villages, the center will combine specialized care with advanced therapeutic services.

With over 25 years of experience in disability services, the International Rehabilitation Center for Daytime Care is uniquely positioned to deliver personalized care. Its offerings will include classrooms, sensory integration rooms, physiotherapy and speech therapy clinics, and psychological and nursing care units. Each specialized service is designed to support the overall well-being of beneficiaries and their families.

The initiative is being launched under the patronage of Princess Nouf bint Abdulrahman Al Saud, Chairwoman of the Board of Directors of the "For Them Association for the Service of People with Disabilities." With a distinguished legacy of advocacy, Princess Nouf brings deep expertise and leadership to this vital center.

The center also creates local employment opportunities, promotes inclusive care and strengthens both family and social cohesion. These outcomes reflect a shared vision to invest in Al-Quwayiyah, especially in beneficiaries from the region's communities who may face challenges accessing care and education.

Maaden has supported the center's full range of activities and services based in social impact studies related to AlAmar gold mine,located within the administrative jurisdiction of Al Quwayiyah Governorate.The new facility is expected to become a crucial hub for community well-being, and will serve as a key hub for enhancing the quality of life for stakeholders in the region.

This center was made possible through close collaboration among key stakeholders, including the Al-Quwayiyah Governorate, and Social Security in Al-Quwayiyah.

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Sep 02 2025•News Releases

MAADEN BECOMES FIRST MIDDLE EAST MEMBER OF THE INTERNATIONAL COUNCIL ON METALS AND MINING

Riyadh, Saudi Arabia; 2 September 2025: Maaden (Saudi Arabian Mining Company), one of the world’s fastest-growing mining companies, has joined the International Council on Mining and Metals (ICMM), which works to enhance the contribution of mining and metals to sustainable development. Maaden becomes ICMM’s first member based in the Middle East.

ICMM brings together companies that believe mining should do more than deliver materials. Members commit to high standards in how they work with people, land, and communities. For Maaden, this aligns strongly with the company’s inherent drive to help shape the direction of the industry alongside others who want to do the same. Maaden’s entry follows ICMM’s rigorous new member admission process, which requires independent assessment of the company’s performance against ICMM’s Mining Principles.

Maaden’s drive and ability to build mining as the third pillar of the Saudi economy, with a strong focus on building a people-centric, technology-enabled organization, depends on the delivery of sustainable development of the resources in Saudi Arabia. With sustainability as a strategic pillar of its corporate growth strategy, Maaden can bring its experience of tackling sustainability challenges, especially relevant in the Middle East region, such as water scarcity, to a global forum.

Bob Wilt, CEO of Maaden, “We are extremely proud to announce our membership of ICMM today and even more so as the inaugural regional member. This is about being part of conversations that matter. The way mining is done is changing, and we want to help lead that change - with ideas, action, and a clear sense of responsibility. We look forward to working with ICMM members to help ensure that mining creates long-term value for future economies and societies.”

Rohitesh Dhawan, President and CEO of ICMM, said, “We are pleased to welcome Maaden as ICMM’s first Middle Eastern member. With its ambitious growth plans, Maaden is innovating, developing talent and demonstrating strong leadership in responsible mining. With Saudi Arabia poised to play a pivotal role in the global minerals sector in the years ahead, we look forward to Maaden’s active participation in ICMM’s work and its contribution to advancing sustainable mining practices both in Saudi Arabia and across the region”.

By becoming a member, Maaden commits to ICMM’s Mining Principles which define good practice Environmental, Social and Governance (ESG) requirements for the mining industry through a comprehensive set of 40 performance expectations. They apply at asset level and include third party assurance and validation. Applicable to all ICMM company members, they therefore apply to around 650 sites in 50 countries.

ENDS

Aug 27 2025•News Releases

MAADEN BAUXITE AND ALUMINA COMPANY SIGNS DEAL WITH EMERGE TO SUPPLY RENEWABLE ENERGY AT AL BAITHA BAUXITE MINE

Riyadh, Saudi Arabia; 27 August, 2025: Maaden Bauxite and Alumina Company (MBAC), a subsidiary of Maaden (Saudi Arabian Mining Company), one of the world’s fastest-growing mining companies, has signed a Power Purchase Agreement (PPA) with Emerge, a joint venture between Masdar, a global clean energy leader, and EDF power solutions, a leader in low-carbon innovative solutions.

Under the agreement, Emerge will develop a solar power project to supply the Al Baitha Bauxite Mine with clean, renewable energy for the next 30 years. This initiative supports Saudi Arabia’s energy transition and aligns with the goals of Vision 2030 by reducing carbon emissions and promoting sustainable industrial growth.

The off-grid energy facility will integrate a ground-mounted 8 MWp solar photovoltaic array with a 30 MWh battery energy storage system backing up the intermittency of the solar production and securing a 24/7 electricity supply. The facility is expected to generate approximately 17,300 MWh of electricity annually. The project will help avoid around 13,800 tonnes of carbon dioxide (CO₂) emissions per year, equivalent to removing more than 3,000 cars from the road annually. With this facility, the Al Baitha Bauxite Mine will be able to operate almost entirely on renewable energy, marking a major step toward sustainable mining operations.

Ali Al-Qahtani, Executive Vice-President, of Maaden’s aluminum business said: “This partnership supports our ambitions to drive renewable energy across our operations, as well asreinforcing our committment to advancing sustainable solutions that benefit both our businesses and the communities we serve. We look forward to working with Emerge to deliver this integral pillar of our operations.”

Abdulaziz Alobaidli, Chairman of Emerge and Chief Operating Officer at Masdar, commented: “Emerge offers businesses a seamless, cost-effective pathway to transform to renewable energy. This partnership demonstrates the value Emerge brings to industries looking to decarbonize and optimize their energy usage.”

Omar Aldaweesh, CEO KSA of EDF Group and EDF power solutions, and Emerge board member, said: “Emerge’s partnership with Maaden marks a bold step in decarbonizing the Kingdom’s mining sector. By delivering a tailored solar power plant and battery storage solution, we are paving the way for a more resilient, low-carbon future while proving that industrial ambition and environmental responsibility can go hand in hand.”

Emerge will deliver a full turnkey solution for the project, managing all aspects, including financing, design, procurement, construction, operation, and maintenance.

ENDS

Aug 07 2025•News Releases

Maaden Delivers Strong Q2 2025 Performance with 73% Surge in H1 Net Profit and Strategic Growth Milestones

Riyadh, 7 August 2025 – Saudi Arabian Mining Company (Maaden), one of the world’s fastest-growing mining companies, announced its Q2 and H1 2025 results, highlighting strong financial performance, strategic progress, and operational resilience.

Maaden reported H1 2025 revenue of SAR 17.93 billion, up 23% year-on-year (YoY), with EBITDA rising to SAR 7.25 billion and net profit attributable to equity holders soaring by 73% to SAR 3.47 billion. In Q2 alone, revenue reached SAR 9.42 billion, driven by strong consolidated sales volumes and favorable commodity pricing. Net profit grew 24% quarter-over-quarter (QoQ) to SAR 1.92 billion. Maaden maintained a solid balance sheet with SAR 10.37 billion in cash and early repayment of SAR 2.1 billion in debt.

Operationally, Maaden delivered record DAP production, and its Phosphate business secured a five-year agreement with major Indian fertilizer producers for 3.1 million MT annually. The company accelerated exploration efforts in Wadi Al Jaww, approved the Ar Rjum gold project, and fully acquired Alcoa’s 25.1% stake in Maaden Aluminum Company (MAC) and Maaden Bauxite and Alumina Company (MBAC), gaining full control of its aluminum assets.

Maaden also signed an MoU with MP Materials to explore a rare earth supply chain in Saudi Arabia and appointed Donovan Waller as CTO to drive digital transformation. Collaboration with Fleet Space Technologies was launched to enhance exploration through advanced geophysical methods.

In terms of segment performance:

Phosphate BU achieved SAR 5.18B in Q2 revenue with record DAP output and strong pricing.
Aluminum BU delivered SAR 5.26B in H1 revenue, with 24% growth in FRP sales volume YoY.
Base Metals & New Minerals BU posted 33% revenue growth, with gold prices averaging SAR 3,094/oz in H1.

Looking ahead, Maaden reaffirmed its FY25 production and CAPEX guidance, targeting SAR 7.55B– SAR 9.55B in capital investments, with 70–75% focused on growth. Key projects like Phosphate 3 Phase 1 are progressing steadily, with full capacity expected by 2027.

CEO Bob Wilt stated:

“We delivered record operational results, fully consolidated our aluminum portfolio, and advanced key exploration and development projects. We remain committed to long-term value creation and establishing mining as the third pillar of the Saudi economy.”

For more info Click Here

Jun 03 2025•News Releases

Maaden to Acquire Full Ownership of Aluminium and Bauxite Assets in Major Strategic Move

Riyadh, Saudi Arabia – June 3, 2025

The Saudi Arabian Mining Company (Maaden) has announced a major strategic acquisition, marking a transformative milestone in its growth and operational consolidation. As outlined in a recently issued Shareholders Circular, Maaden will acquire 100% ownership of Maaden Aluminium Company (MAC) and Maaden Bauxite and Alumina Company (MBAC), both previously co-owned with Alcoa Corporation entities.

The acquisition will be executed through a capital increase from SAR 38.03 billion to SAR 38.89 billion, by issuing 85,977,547 new ordinary shares, representing an equity increase of 2.26%. These shares—referred to as “Consideration Shares”—will be allocated to Alcoa Saudi and AWA Saudi, in exchange for their respective 25.1% stakes in MAC and MBAC.

In addition to the share issuance, Maaden will make a cash payment of SAR 562.5 million to AWA Saudi. The total market value of the share-based component of the transaction is estimated at SAR 3.56 billion based on the 30-day volume-weighted average price of SAR 41.44 per share.

Post-transaction, Maaden will become the sole owner of MAC and MBAC, both key players in the regional aluminum value chain. MAC, with a capital of SAR 6.57 billion, and MBAC, capitalized at SAR 5.1 billion, will be fully integrated under Maaden's operational control.

Maaden’s CEO Robert Wilt commented:

“This acquisition marks a significant step forward in our strategy to strengthen Maaden’s position in the aluminum sector and Saudi Arabia’s broader mining ecosystem. Full ownership of MAC and MBAC enhances our operational efficiency and opens new avenues for value creation.”

Following the capital increase, the ownership of Maaden’s existing shareholders will adjust slightly, with the Public Investment Fund (PIF) remaining the majority shareholder at 63.78%, while Alcoa Saudi and AWA Saudi will hold 1.74% and 0.47% respectively.

The transaction is subject to final shareholder approval at Maaden’s upcoming Extraordinary General Meeting (EGM) scheduled for June 24, 2025. Regulatory approvals from the Capital Market Authority (CMA), Saudi Exchange (Tadawul), and relevant ministries have already been secured.

Financial advisory for the transaction was provided by SNB Capital, with legal counsel by AS&H Clifford Chance.

This move is aligned with Maaden’s long-term strategy to enhance its vertical integration, support Vision 2030’s goal of economic diversification, and develop the Kingdom’s mining sector into a global leader.

📄 To access the full Shareholders Circular, please click here

– End –

May 29 2025•News Releases

Saudi Pro League announces long-term partnership with Maaden

Saudi Arabian Mining Company becomes Official Platinum Partner of SPL
The five-year deal will focus on strengthening Maaden position as an employer of choice

Riyadh, Saudi Arabia – 29 May 2025: The Saudi Pro League (SPL) and Saudi Arabian Mining Company (Maaden) have agreed a long-term strategic partnership, with Maaden named the Official Platinum Partner of the SPL until July 2030.

Omar Mugharbel, CEO SPL, said: “We are proud to welcome Maaden as a long-term partner of the Saudi Pro League. As a national champion and one of the region’s fastest-growing companies, Maaden shares our commitment to excellence, innovation, and long-term impact. This partnership reflects the power of football to inspire and engage communities – including employees – and aligns closely with our shared goals under Vision 2030.”

Bob Wilt, CEO Maaden, said: “Partnering with Saudi Pro League provides us with a unique platform for Maaden to bring our new brand to life and connect to a significant audience of passionate football fans across Saudi and internationally. We hope to engage our employees and inspire a new generation of mining talent as we evolve this partnership together with SPL.”

The partnership will focus on strengthening Maaden position as an employer of choice in Saudi Arabia, leveraging the reach and influence of the Saudi Pro League to drive employee engagement, promote career opportunities, and support the third pillar of Vision 2030: a thriving economy built on ambition and participation.

The collaboration will also explore joint initiatives across community engagement and national talent development by harnessing the popularity of football to inspire the next generation of professionals in both sport and industry.

By aligning Maaden’s national presence with the SPL’s growing domestic and international footprint, the partnership is set to create meaningful touchpoints with fans, employees, and future talent across Saudi Arabia.

Follow all the latest Roshn Saudi League developments on X at @SPL_EN, on Instagram at @SPL_EN, and on TikTok @spl or visit the website https://spl.com.sa/en for more information and updates.

-Ends

About the Saudi Pro League

The Saudi Pro League (SPL) is the governing body of Saudi Arabia's top-tier football division and the highest-ranked league in Asia, as recognized by the AFC. The SPL aims to create experiences that go beyond the 90 minutes of play, transforming every game week into a memorable event. Through its mission, the SPL focuses on developing the sport, nurturing talent, and blending competition, community, and culture to tell a story that resonates with fans worldwide.

In early 2023, the SPL launched a transformation strategy aligned with Saudi Arabia’s Vision 2030, aiming to position the league among the world's best. The strategy focuses on nurturing young talent, attracting top international players, improving club governance, and driving competitiveness both on and off the pitch. With a commitment to innovation and excellence, the SPL is shaping a football legacy that extends far beyond the game itself, contributing to the growth of the sport and the nation.

May 14 2025•News Releases

MAADEN AND MP MATERIALS COLLABORATE TO ESTABLISH FULL VALUE CHAIN FOR RARE EARTHMAGNETICS

Riyadh, Saudi Arabia. 14 May, 2025. Saudi Arabian Mining Company (“Maaden” or the “Company”, 1211 on the Saudi Exchange), one of the world’s fastest growing mining companies, has signed anagreement with MP Materials Corp (“MP Materials”) (NYSE: MP), the American fully integrated rare earth producer, to explore opportunities to establish a fully integrated, end-to-end rare earth supply chain.

A Memorandum of Understanding (MoU) was signed on the sidelines of the US-Saudi Investment Forum 2025, taking place in Riyadh.

This agreement combines world-class exploration and processing expertise to advance and de-risk thedevelopment of potential Rare Earth Element (REE) deposits across Saudi Arabia as it continues to position itself as a world-leading player in the critical minerals sector. Maadan and MP Materials aim to explore opportunities to jointly develop a vertically integrated rare earth supply chain in Saudi Arabia, including mining, separation, refining, and magnet production, to drive industrial depth and create value for downstream sectors.

Rare earth magnets are essential components in critical technologies spanning transportation, energy, robotics, and aerospace. Leveraging Saudi Arabia’s competitive energy base, world-class infrastructure, and strategic location, this collaboration will diversify and expand the global rare earth supply chain, supporting rising demand from fast-growing industries.

Bob Wilt, CEO of Maaden, said, “Through a potential partnership with MP Materials, and our deepening ties with the United States, we aim to create a global hub for a fully integrated rare earth value chain supporting advanced manufacturing in the Kingdom. As we continue to build mining as the third pillar of the Saudi economy, this is an integral step in the exploration and development of minerals that will drive economic and industrial growth for the Kingdom.”

James Litinsky, Founder, Chairman & CEO of MP Materials, said: “Today’s announcement is an important first step towards rebalancing the global supply chain in a moment of transformational growth fueled by emerging technologies—especially in robotics and physical AI—while deepening the strategic alliance between the United States and Saudi Arabia.”

This announcement cements the continued economic ties between Saudi Arabia and the United States and underscores the strategic alignment of the two countries in strengthening critical mineral supply chains and supporting advanced manufacturing industries.

ABOUT MAADEN

Maaden is the Middle East's largest multi-commodity mining and metals powerhouse and stands among the world's fastest growing, with a robust SAR 32.5 billion (US$8.7 billion) in revenues for 2024.

As a KSA-based, globally significant mining champion, Maaden is deploying technology and talent to accelerate the exploration and production of Saudi Arabia’s vast mineral endowment to is develop mining as the third sector of the Saudi economy

With a skilled workforce of more than 7,000, Maaden operates 17 mines and sites and its products are currently exported to 55 countries globally.

For more information, please visit www.maaden.com

For any enquiries, please contact parkers@maaden.com

ABOUT MP MATERIALS

MP Materials (NYSE: MP) is America’s only fully integrated rare earth producer with capabilities spanning the entire supply chain—from mining and processing to advanced metallization and magnet manufacturing. We extract and refine materials from one of the world’s richest rare earth deposits in California and manufacture the world’s strongest and most efficient permanent magnets. Our products enable innovation across critical sectors of the modern economy, including transportation, energy, robotics, defense, and aerospace.

More information is available at https://mpmaterials.com/.

Join the MP Materials community on X, YouTube, and LinkedIn.

FORWARD LOOKING STATEMENTS

This press release contains certain statements that are not historical facts and are forward- looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “will,” “target,” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are subject to a number of risks and uncertainties, including risks related to MP Materials’ ability with Maaden to establish the full value chain for rare earth magnetics in the Kingdom, risks related to the timing and achievement of expected business milestones, and those risk factors discussed in MP Materials’ filings with the Securities and Exchange Commission, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other documents filed by the Company with the Securities and Exchange Commission.

May 07 2025•News Releases

LIV GOLF UNVEILS NEW NAMING RIGHTS FOR U.S. EVENT AS THE COMMONWEALTH GEARS UP FOR LIV GOLF VIRGINIA PRESENTED BY MAADEN

Next Event on League’s Global Schedule to Be Held June 6-8 at Robert Trent Jones Golf Club in Virginia

Hospitality tickets and grounds passes on sale at LIVGolf.com

Gainesville, Virginia (May 7, 2025) – LIV Golf today unveiled a new identity for its 8th event on the 2025 schedule: LIV Golf Virginia presented by Maaden. The next stop on the League’s calendar will be held June 6-8 at northern Virginia’s iconic Robert Trent Jones Golf Club, host of the first four Presidents Cup tournaments in the U.S. and the Solheim Cup last September. The new naming rights reflect the League’s connection to the Commonwealth of Virginia and underscore the state’s bold vision to elevate professional golf through innovation, entertainment, and global reach.

Evolving from its former name LIV Golf DC, the tournament embraces Virginia’s distinct regional pride while advancing LIV Golf’s mission to build the sport’s most forward-thinking global league. Developed in collaboration with the Virginia Tourism Corporation and LIV Golf partner Maaden, one of the world’s fastest-growing mining and metals companies, the event champions community engagement and cross-sector innovation.

Captain Bryson DeChambeau of Crushers GC on the first tee at LIV Golf Mexico City. (Photo by Jon Ferrey/LIV Golf)

“With LIV Golf Virginia presented by Maaden, we’re strengthening our connection to the Commonwealth and celebrating the local pride that drives this world-class event,” said Ross Hallett, LIV Golf Executive Vice President and Head of Events. “This evolution reflects our mission of bringing bold energy, global vision, and an unforgettable next-gen fan experience to every stop on our schedule.”

“We are excited to welcome LIV Golf to Virginia's iconic Robert Trent Jones Golf Club in June,” said Rita McClenny, President and CEO of Virginia Tourism Corporation. “Major sporting events like this shine a global spotlight on Virginia as a premier destination for world-class competition and unforgettable visitor experiences paired with gorgeous landscapes, luxury offerings, deep-rooted American history, and so much more. We look forward to showing players, fans, and visitors from around the world that Virginia is for Golf Lovers!”

Fans can witness LIV Golf’s star-studded field by securing Hospitality Tickets and Grounds passes for the highly anticipated event at LIVGolf.com or emailing Tickets@livgolf.com.

Crushers GC Captain Bryson DeChambeau, Torque GC’s Carlos Ortiz, and Fireballs GC Captain Sergio Garcia pictured together. (Photo by LIV Golf)

As part of today’s announcement, Maaden has launched their new partnership-focused campaign titled "Unearth Your Potential". The campaign features LIV Golf stars Bryson DeChambeau, Sergio Garcia and Carlos Ortiz showing off their skills in a closest to the hole challenge, unveiling a mix of strategy, teamwork and fun that embody the League’s identity. “Unearth Your Potential” is inspired by LIV Golf’s impact and sustainability strategy and aims to highlight the dedication to craft that’s needed from both golfers and professionals alike to unearth and maximize their potential – both within the world of golf and within the mining industry. To watch the official campaign trailer, click here.

Bob Wilt, CEO, at Maaden, said: “LIV Golf Virginia presented by Maaden is more than a tournament – it’s a powerful expression of global collaboration and shared ambition. Our partnership with LIV Golf reflects a mutual drive to innovate, inspire and shape what’s next, both on the course and far beyond it.”

Maaden’s partnership brings bold branding, immersive activations, and elevated hospitality to the event, reinforcing LIV Golf’s commitment to redefining the fan experience. The event will showcase LIV Golf’s signature format: 54 holes of high-energy individual and team-based competition with unrivaled access, nonstop action, and an atmosphere that blends elite golf with culture, music, and digital engagement—hallmarks of the LIV Golf experience.

Fans will witness the League’s 13 four-player teams featuring a collective 14 major champions with a combined 28 major championships. The League is led by many of the biggest stars in the game, including: 2024 LIV Golf Individual Champion and two-time major winner, Jon Rahm (Legion XIII), , two-time U.S. Open Champion Bryson DeChambeau (Crushers GC), five-time major winner Brooks Koepka (Smash GC), six-time major winner Phil Mickelson (HyFlyers GC), two-time major winner Dustin Johnson (4Aces GC), 2022 Open Champion Cameron Smith (2024 Team Champion Ripper GC), former Masters champions Sergio Garcia (Fireballs GC) and Patrick Reed (4Aces GC), and many more.

For more information, visit LIVGolf.com and follow the LIV Golf League on social media at @LIVGolf_League.

About Virginia Tourism Corporation

Virginia is for Lovers is one of the most iconic and recognizable travel brands in the world. Using that powerful brand equity, Virginia Tourism Corporation (VTC) is charged with promoting the Commonwealth as a premier travel destination by showcasing all there is to love in a Virginia vacation. The dollars spent by travelers fuel the economy, provide jobs for Virginians, and improve communities across the state. For more information, visit virginia.org.

About Maaden

Maaden is the largest multi-commodity mining and metals company in the Middle East and among the fastest-growing mining companies in the world, with revenues of SAR 32.5 billion (US$8.7 billion) in 2024. We are developing the mining industry into the third pillar of Saudi economy in line with Vision 2030 and aim to be a role model in responsible and sustainable operations.

We operate 17 mines and sites, have 7,000+ direct employees and export products to over 30 countries. We are embarking on significant growth through our 2040 strategy, across phosphate, aluminum, gold, copper and new minerals – to leverage the Kingdom’s estimated US$2.5 trillion mineral endowment and international opportunities.

For more information, please visit www.maaden.com

About LIV Golf

The LIV Golf League is the world’s only global golf league featuring 13 teams, a 14-tournament schedule, and many of the world’s best golfers. Launched in 2022, the League was designed to expand the sport on a global level and create new value within the golfing ecosystem while enhancing the game’s societal impact. A landmark investment by LIV Golf also launched The International Series, a set of 10 enhanced events sanctioned by the Asian Tour, with elevated prize funds in world-class destinations, offering a pathway for leading professional and amateur golfers from around the world into the LIV Golf League. Only three years into operations and with tournaments across North and Latin Americas, Asia, Australia, the Middle East and Europe, LIV Golf remains committed to developing the sport at every level and exposing more people to the positive virtues of the game through its unique blend of intense competition and entertainment.

LIV Golf is owned and operated by LIV Golf Investments whose vision and mission are centered around making holistic and sustainable investments to enhance the global golf ecosystem and unlock the sport’s untapped worldwide potential.

Media Contacts:

Allen Barrett

media@livgolf.com

Coyne PR
livgolf@coynepr.com

May 06 2025•News Releases

MAADEN REPORTS FIRST QUARTER 2025 RESULTS

Saudi Arabian Mining Company (Maaden) Reports Q1 2025 Financial Results
RIYADH, 6 May 2025 — Saudi Arabian Mining Company (“Maaden” or the “Company”, 1211 on the Saudi Exchange), one of the world’s fastest-growing mining companies, today reported its financial results for the first quarter of 2025.

Q1-FY25 Financial Highlights

Revenue: SAR 8.51 billion, up 16% YoY
EBITDA: SAR 3.47 billion, up 16% YoY
Net Profit: SAR 1.55 billion, up 58% YoY
Cash from Operations: SAR 1.94 billion; Closing cash position of SAR 12.36 billion
Net Debt/EBITDA: 1.9x, below target range
Milestones:
- Issued first international senior unsecured sukuk, USD 1.25 billion (9× oversubscribed)
- Fully redeemed SAR 3.5 billion of MPC sukuk

Q1-FY25 Operational & Strategic Highlights

Production Growth: Higher YoY output in phosphate and aluminum
Safety: AIFR reduced to 0.02; Severity rate 0.01
Phosphate 3 Phase I: 35% complete with SAR 3.5 billion in contracts awarded
Exploration Success:
- New gold discoveries at Wadi Al Jaww and Jabal Shayban
- Strong underground gold potential at Mansourah-Massarah
Acquisitions & Partnerships:
- Acquired SABIC’s 20.62% stake in ALBA (SAR 3.62 billion)
- Heads of Terms signed with Aramco for a minerals JV focused on lithium and other critical minerals
Global Expansion: New offices in Brazil, South Africa, Singapore; warehouses in Vietnam and Brazil

CEO Commentary

“We are off to a great start in 2025… building on last year’s momentum with strong production, safety improvements, exploration breakthroughs, and strategic portfolio consolidation.

“We acquired a significant stake in ALBA, advanced our Phosphate 3 project, and achieved major gold and copper discoveries. Our new brand identity reflects our vision to be a globally significant, KSA-based mining champion.

“With a strong financial position and operational excellence, we are well-placed to navigate market uncertainty, drive shareholder value, and develop mining as the third pillar of the Saudi economy.”

– Bob Wilt, Maaden CEO

Summary of Key Financials (SAR million)

Metric Q1 FY25 Q4 FY24 QoQ Δ Q1 FY24 YoY Δ Revenue 8,511 9,969 –15% 7,348 +16% EBITDA 3,469 3,547 –2% 2,984 +16% EBITDA Margin 41% 36% +5 pp 41% — Net Profit 1,550 (106) nm 982 +58% Net Profit Margin 18% –1% nm 13% +5 pp EPS (SAR) 0.41 (0.03) nm 0.27 +54%

Segment Performance

Phosphate
- Revenue: SAR 4.47 billion (–19% QoQ; +5% YoY)
- EBITDA: SAR 2.17 billion (–7% QoQ; +5% YoY)
- Margin: 48% (up 6 pp QoQ; stable YoY)
Aluminum
- Revenue: SAR 2.71 billion (–9% QoQ; +29% YoY)
- EBITDA: SAR 815 million (+4% QoQ; +40% YoY)
- Margin: 30% (up 4 pp QoQ; up 2 pp YoY)
Base Metals & New Minerals
- Revenue: SAR 1.19 billion (–18% QoQ; +19% YoY)
- EBITDA: SAR 807 million (–15% QoQ; +43% YoY)
- Margin: 68% (up 4 pp QoQ; up 11 pp YoY)