Komori
Business alliance5016JX Advanced Metals CorporationIron & Steel, Nonferrous Metals

Notice Regarding an Agreement with Tronox on a Joint Study for New Entry into the Rare Earth Smelting Business

JX金属 has agreed with Tronox to begin a joint study to assess the feasibility of entering the rare earth refining business in Australia, the United States and elsewhere. The total cost of the study is US$32 million, which the two companies plan to share equally.

Worth reading
57In focus
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Direction
Neutral
Direction inferred from the company’s description.
Scale
32000000
US dollars
Wording
Conditional
How definitive the wording is.

Agreements reached under this partnership

Business alliance
5016JX Advanced Metals Corporation
Alliance partnerTronox Holdings plc
Details of the alliance
  1. 1

    The Company: Provides nonferrous metals smelting, recycling and high-purification technologies, as well as expertise in advanced materials.

  2. 2

    Tronox: Provides mineral resources, including rare earths; expertise in mining operations, mineral separation technologies, and the management of raw materials and products containing radioactive materials; and its business platform and infrastructure at candidate locations in Australia, the United States and elsewhere.

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Numerical targets under the alliance

Production of up to approximately 10,000 tonnes per year is projected on a rare-earth oxide equivalent basis. The target is to complete the joint study during 2027.

About the partner
Business DescriptionA chemicals manufacturer engaged across the entire value chain, from mining and processing mineral resources to manufacturing and selling chemicals, with a focus on titanium dioxide pigments
LocationStamford, Connecticut, United States
Share capitalNot disclosed
Impact on Business Performance

The impact on consolidated results for the fiscal year ending March 2027 is minor.

Date of board resolution29 September 2026Contract Date29 September 2026Alliance start dateOctober 2026 (scheduled)
Agreements reached under this partnership
ItemDetails
Name of alliance partnerTronox Holdings plc
Alliance partner's business activitiesA chemicals manufacturer engaged across the entire value chain, from mining and processing mineral resources to manufacturing and selling chemicals, with a focus on titanium dioxide pigments
Alliance partner's locationStamford, Connecticut, United States
Alliance partner's capitalNot disclosed
Type of allianceBusiness alliance
Details of the allianceThe Company: Provides nonferrous metals smelting, recycling and high-purification technologies, as well as expertise in advanced materials., Tronox: Provides mineral resources, including rare earths; expertise in mining operations, mineral separation technologies, and the management of raw materials and products containing radioactive materials; and its business platform and infrastructure at candidate locations in Australia, the United States and elsewhere.
Numerical targets under the allianceProduction of up to approximately 10,000 tonnes per year is projected on a rare-earth oxide equivalent basis. The target is to complete the joint study during 2027.
Date of board resolution29 September 2026
Contract Date29 September 2026
Alliance start dateOctober 2026 (scheduled)
Impact on Business PerformanceThe impact on consolidated results for the fiscal year ending March 2027 is minor.
Items this document does not state (12)
Alliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodShareholding PolicyShare Acquisition Date and Payment DateChange in major shareholders

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The importance of rare earths is increasing, while supply chains from mining through separation and refining remain dependent on specific countries and regions. JX金属 aims to leverage Tronox's mineral resources and business platform together with its own smelting and recycling technologies to build a new supply chain linking raw materials to products, and to contribute to diversifying Japan's rare earth supply sources and ensuring a stable supply.

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Notice Regarding an Agreement with Tronox on a Joint Study for New Entry into the Rare Earth Smelting Business | JX Advanced Metals Corporation (5016) timely disclosure | Komori