Tronox, JX Advanced Metals to Invest $32 Million in Feasibility Studies for Rare Earth Projects

06:46 AM EDT, 09/29/2026 (MT Newswires) -- Tronox Holdings (TROX) and JX Advanced Metals have agreed to jointly invest $32 million in feasibility studies for proposed rare earth processing facilities in Australia and the US, Tronox said Tuesday. The agreement stipulates that Tronox and JX will equally fund a definitive feasibility study for a proposed rare earth cracking and leaching facility in Australia and a pre-feasibility study for a proposed rare earth oxide refinery in the US, Tronox said. The investment will also support a US-based pilot facility to produce initial quantities of high-purity rare earth oxides, Tronox said. Tronox said it expects the two facilities could produce up to 10,000 metric tons per year of total rare earth oxides. The companies will also explore forming a joint venture to fund, build and operate the facilities if the studies show that these facilities are technically and commercially viable, Tronox said. Tronox shares were more than 4% higher in recent Tuesday premarket activity.