Mitsubishi Materials acquires share of Reelement Technologies

Mitsubishi Materials Corporation has acquired a 19% voting stake in Elemental USA E-Waste & ITAD, Inc., a U.S.-based e-waste recycling company, as part of its broader strategy to expand its global resource circulation business according to the announcement. The investment, announced on December 18, 2025, includes the purchase of 4,448 common shares and 13,771 non-voting preferred shares, with the latter potentially convertible into common shares, which could raise Mitsubishi Materials' voting stake to 49%. The transaction is expected to close on January 22, 2026, subject to customary regulatory approvals.

Elemental USA E-Waste operates through Colt Recycling LLC, which processes approximately 18,000 metric tons of e-waste annually across four U.S. facilities. The partnership aims to strengthen upstream collection networks and downstream smelting capabilities, aligning with Mitsubishi Materials' medium-term strategy to expand e-scrap collection and secondary smelting in key markets. The company also noted that the investment complements its earlier stake in Exurban Limited, a U.S.-based secondary smelting business.

Both companies emphasized the strategic importance of the deal in advancing a circular economy and addressing the growing demand for critical materials driven by digitalization and infrastructure expansion. The investment is not expected to have a material impact on Mitsubishi Materials' consolidated results for the fiscal year ending March 2026.