#JXNipponMiningAndMetals

JX Nippon Mining & Metals Corporation has acquired a 5% stake in Fireweed Metals Corp. for 47 million Canadian dollars (approximately 5.4 billion yen), aiming to secure a stable supply of rare metal resources.

JX Nippon Mining & Metals has decided on approximately JPY 23 billion in capital investment to increase production capacity of semiconductor sputtering targets at the Hitachinaka new plant to 1.6 times that of fiscal 2023, with sequential operation scheduled from the second half of fiscal 2027.

JX Nippon Mining & Metals Corporation will transfer 5% of MLCC shares and Frontera project interests for a total of 215 million USD (approximately 34 billion JPY), scheduled for execution in April 2026.

JX Nippon Mining & Metals Corporation has signed a share exchange agreement to make Toho Titanium Co., Ltd. a wholly-owned subsidiary effective June 1, 2026. The share exchange ratio is 0.70 shares of JX Nippon Mining & Metals for each share of Toho Titanium. Toho Titanium shares are scheduled to be delisted on May 28, 2026.