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.