Zacks Investment Research
Tronox and JX Advanced Strengthen Rare Earth Development Projects
Tronox Holdings and JX Advanced Metals Corporation have entered into a cooperation agreement to jointly develop rare earth and critical minerals projects in Australia and the United States. The companies will each fund 50% of approximately $32 million for feasibility studies and development of facilities capable of producing up to 10,000 tons of rare earth oxides annually. If studies prove viable, they plan to establish a joint venture for construction and operation.