JX Advanced Metals Corporation [5016.T]
TOKYO, Mar 30 (Pulse News Wire) – JX Advanced Metals Corporation (5016.T) announced today its decision to invest CAD ¥47 million (approximately $300 million) in Fireweed Metals Corp., a Canadian-based company focused on rare earth mineral exploration and development. This investment aligns with JX Metal's long-term vision to accelerate growth in advanced materials sectors such as semiconductors and information communications technology.
With the increasing demand for high-performance semiconductor materials driven by advancements in AI, securing stable supplies of rare earth minerals is crucial. JX Metal aims to ensure future stability through strategic investments in promising projects like Fireweed’s Mactung tungsten project and other initiatives. The investment also leverages funds obtained from the partial sale of shares in SCM Minera Lumina Copper Chile, which was announced on March 10, 2026.
JX Metal plans to strengthen its supply chain and support sustainable growth in its focus areas while enhancing base business resilience. Fireweed Metals Corp., founded in October 2015, operates out of Vancouver, Canada, and currently employs around 300 people. It is advancing feasibility studies for the Mactung tungsten project and exploring multiple other ventures aimed at establishing North American sources for key minerals.
🟡 Confidence: Standard AI-translated content.