LMC Caserones SpA entered into an agreement to acquire 30.90% stake in Los Helados Project from JX Advanced Metals Corporation (TSE:5016) on March 9, 2026. A cash consideration will be paid by LMC Caserones SpA. In a separate agreement, LMC Caserones SpA entered into purchase agreement to acquire an additional 5% stake in SCM Minera Lumina Copper Chile from JX Advanced Metals Corporation. The combined consideration for the purchase is $215 million. The acquisitions will be funded through the recently expanded revolving credit facility.
The transaction is subject to cross conditional upon closing each of the purchase agreements and subject to customary conditions, including receipt of requisite regulatory approvals, no prohibitive injunctions and execution of ancillary agreements. The transaction does not require shareholder approval of any of the parties. The deal has been approved by the board of directors of JX Advanced Metals Corporation and Lundin Mining Corporation. The transaction is expected to close in April 2026.
LMC Caserones SpA completed the acquisition of 30.90% stake in Los Helados Project from JX Advanced Metals Corporation (TSE:5016) on April 7, 2026. The total consideration paid at closing was funded from cash on hand.
JX Advanced Metals Corp is a Japan-based company primarily engaged in global business activities primarily in the development, manufacture, and sale of advanced materials made from copper and rare metals that are indispensable to the semiconductor and telecommunications fields, with sputtering targets and rolled copper foils for semiconductors as its main products. The Company operates its business through three segments. The Semiconductor Materials segment manufactures and sells sputtering targets for semiconductors, compound semiconductor and crystal materials, and chlorides. The Information and Communication Materials segment manufactures and sells rolled copper foil, titanium copper, ultra-fine nickel powder, electromagnetic shielding film, electric wire, and other products. The Basic Materials segment manufactures and sells electrolytic copper, molded copper, precious metals, sulfuric acid, and other products. The Company also handles compound semiconductors and crystal materials.
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
