Federal instrument · Equity
JOGMEC and Iwatani investment of up to EUR 110 million in Caremag via Japan France Rare Earth Company
Up to EUR 110 million in equity and shareholder loans from JOGMEC and Iwatani Corporation to Caremag SAS (a Carester subsidiary), invested through their joint venture Japan France Rare Earth Company as part of the EUR 216 million financing secured 17 March 2025 for the Lacq rare earth recycling and refining facility. The package includes a long-term agreement to supply Japan with heavy rare earth oxides, recorded here as a claim; the source gives no offtake quantities, prices or tenor, so no separate offtake instrument is created. The French government's EUR 106 million is recorded separately as caremag-france-2025.
Financial state: Definitive agreement
Program: JOGMEC Overseas Investments · Japan Organization for Metals and Energy Security
Terms
| Amount | €110M (up to EUR 110 million in combined equity and shareholder loans from JOGMEC and Iwatani through the Japan France Rare Earth Company joint venture; the source does not split equity from shareholder loans, and no stake percentage or valuation is given) |
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Immutable financial events
- Mar 17, 2025 · Definitive agreement