Mitsubishi Materials Co.

Mitsubishi Materials’ stock fell 7.3% after the planned issuance of a ¥70 billion convertible bond was announced, split into tranches maturing in 2030 and 2032. Conversion prices were set at ¥5,275 (2030) and ¥5,105 (2032), and the offering is expected to be placed mainly with institutional investors in Europe and Asia. The company intends to use the proceeds for investments to transform its business structure, in particular to expand its metal recycling business. The announcement sparked concerns about future share dilution and led to sharply increased trading volume and selling pressure. » More on de.investing.com

ReElement Technologies, an affiliate of American Resources, agreed a strategic collaboration and minority investment from Mitsubishi Materials to bolster rare earth and critical mineral supply chains in the US and Japan. The partnership will combine feedstock sourcing, preprocessing and ReElement’s chromatography-based refining technology to expand domestic refining capacity and evaluate recycling commercialization in Japan. The initiative targets midstream separation and purification bottlenecks to support commercial and defense supply-chain security and industrial competitiveness. » More on finance.yahoo.com

ReElement Technologies has announced a strategic partnership with Mitsubishi Materials that includes an investment and collaboration on the refining of rare earths and critical minerals. The cooperation is intended to advance integrated supply-chain solutions in the US and Japan, raw material sourcing, toll processing and offtake agreements, and the commercialization of recycling solutions. ReElement will use its chromatographic separation technology to process recycled materials, mining waste and primary ores; financial details of the investment were not disclosed. » More on de.investing.com