News

Mitsubishi Materials Corporation ("MMC") hereby announces that the acquisition procedures for the shares of Elemental USA E‑Waste & ITAD, Inc. were successfully completed on January 29, 2026, as previously disclosed in the press release titled "Regarding the Acquisition of Shares of Elemental USA E‑Waste & ITAD, Inc." dated December 18, 2025 (*1).

Number of Shares Acquired and Shareholding Status After Transfer

(1) Common Shares Held Before Transfer Preferred Shares Held Before Transfer	0 shares (Voting rights ownership ratio: 0%) 0 shares (Voting rights ownership ratio: 0%)
(2) Common Shares Acquired Preferred Shares Acquired (*2)	4,448 shares (Voting rights ownership ratio: 19%) 13,771 shares (Voting rights ownership ratio: 0%)
(3) Common Shares Held After Transfer Preferred Shares Held After Transfer	4,448 shares (Voting rights ownership ratio: 19%) 13,771 shares (Voting rights ownership ratio: 0%)

Under its Medium-term Management Strategy (FYE March 2027-2029), MMC has adopted the basic policy of "creating the future through resource circulation," and is accelerating the global expansion of its resource circulation operations. This investment is an important step toward expanding our global resource circulation business and advancing the shift toward secondary smelting, particularly in E-Scrap. Through collaboration with trusted recyclers such as Colt Recycling, we aim to strengthen E-Scrap collection capabilities and expand supply regions in the U.S. secondary smelting business. In addition, through our ongoing partnership with Exurban, we seek to build a more resilient and sustainable supply chain for critical materials.

(*1)

Press release titled "Regarding the Acquisition of Shares of Elemental USA E‑Waste & ITAD, Inc." dated December 18, 2025
URL: https://www.mmc.co.jp/corporate/en/news/2025/news20251218.html

(*2)

MMC plans to acquire 13,771 preferred shares (non-voting) that potentially can be converted into common shares at our discretion in the future, subject to obtaining customary regulatory approvals. Assuming implementation of such a conversion, our voting rights ownership ratio will be 49%, including the existing common shares.

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