On March 22, 2023, JX Nippon Mining & Metals Corporation (“JX Metals”) and Sojitz Corporation (“Sojitz”) closed the previously announced agreement to acquire a 34 percent stake in eCycle Solutions Inc. (“eCycle”), a wholly-owned subsidiary of JX Metals and Canada’s largest collector and processor of e-waste (discarded household appliances and electronic devices).

Sojitz is a general trading company developing a wide range of businesses in countries and regions around the world, which possesses overseas business operation know-how in a wide range of fields.

JX Metals is Japan’s leading copper smelter and refiner. It conducts global business operations in the area of nonferrous metals, focusing primarily on copper and rare metals.

Torys acted as counsel to Sojitz with a team led by Don Bell and that includes Sarah Magee, Meghan McKeever and Matt Bean (corporate/M&A), Tyson Dyck and Henry Ren (environmental), Tom Stevenson (employment), Craig Maurice and Steve Marshall (tax).

DC Advisory acted as financial advisor to Sojitz.