Tronox, JX Advanced Metals Ink $32M Rare Earth Processing Pact
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Stamford, Conn. – – September 29, 2026 -- Tronox Holdings plc (NYSE: TROX) and JX Advanced Metals Corporation (TYO: 5016) have signed a cooperation and investment agreement to jointly fund approximately $32 million on a 50/50 basis for feasibility studies covering new rare earth processing facilities in Australia and the United States.
Companies commit $32 million to feasibility work across two continents
The funding will support a definitive feasibility study for a proposed rare earth cracking and leaching facility in Western Australia and a pre-feasibility study for a rare earth oxide refinery in the United States, alongside development of a US-based pilot plant capable of producing initial quantities of high-purity rare earth oxides.