Luxembourg – 26 February 2026
Jean Boulle Group (“the Group”) and its wholly owned company US Green Magnesium (“the Company”), a critical minerals company focused on production of US-sourced magnesium metal, are pleased to announce that the Company has been selected as an industry partner for the US Department of Energy’s (“DOE”) High-Performance Computing for Energy Innovation (“HPC4EI”) program. The partnership includes funding for a collaborative research project (“the Project”) between the Company and Lawrence Livermore National Laboratory (“LLNL”).
The selection of US Green Magnesium was confirmed by the US Department of Energy (DOE) on 19 February 2026 (link) by the Advanced Materials and Manufacturing Technologies Office which announced $4.8 million in funding, split equally between projects to advance the performance and vitality of the U.S. manufacturing sector. Ford Motor Company, Dow Chemical Company, General Motors, Toyota Motor Engineering and Manufacturing North America were among the Companies selected for the program which is also supported by the DOE’s Office of Critical Minerals & Energy Innovation.
Commenting on the announcement, Jean Raymond Boulle, said:
“The team at U.S. Green Magnesium has discovered and patented an important technology to enable cost-effective, large-scale domestic production of magnesium metal in America. Partnership with Lawrence Livermore National Laboratory will enable us to apply our scientific expertise to a national challenge.
“We are proud to be helping advance America’s critical minerals supply chains and accelerating next-generation energy technologies to strengthen the nation’s energy security and power its future.”
Project Director of U.S. Green Magnesium, Mr. John van Eeghen, said:
“The U.S. Department of Energy’s award represents independent validation of the technical progress achieved at our pilot facility. In collaboration with Lawrence Livermore National Laboratory, we will accelerate the advancement of our proprietary nozzle technology to further optimise process performance, energy efficiency and scalability.
“This program advances our pathway toward the commercial re-establishment of primary magnesium metal production in the United States — a critical material underpinning aerospace, automotive, energy and national defence supply chains.”
Chief Science Officer of U.S. Green Magnesium, Mr. Jens Frederiksen, said:
“Partnering with Lawrence Livermore National Laboratory will allow us to combine previous pilot plant experience with world-class modelling and simulation capabilities to optimize the high‑temperature gas quenching and scale our technology reliably to commercial operation.”
Magnesium metal is designated as a critical material in the United States and is included in the U.S. Department of Energy’s Critical Materials Assessment. It is a strategically important material with strong demand growth drivers, serving essential industries including construction, automotive, aerospace, defence and advanced technologies. Magnesium is fundamental to lightweight structural alloys, high-performance components and energy-efficient manufacturing. It also plays a foundational role in the production and alloying of other strategically important materials, including aluminium and titanium.
The Project’s objective is to deliver low-cost, clean, domestic production of primary magnesium metal in the United States, strengthening supply chain resilience for these critical industries.
Following the announcement of US funding and collaboration in research with LLNL, the Company will advance its patented technology to scale up its Carbo-Thermal Reduction approach to the production of Magnesium Metal. This approach has been proven at pilot scale with over $5 million invested by the Jean Boulle Group to date. It is a production technology that produces pure magnesium metal with significantly less energy use, mineral resource, CO2 emissions and waste than industry standard methods.
The team will use high-performance computing for computational fluid dynamics simulations to optimize component geometry to promote ideal crystallization, improve metal recovery, and maintain efficiency across varying production conditions.
ENDS
Contacts
For US Green Magnesium
John van Eeghen
[email protected]
For Jean Boulle Group:
Michael Oke/Andy Mills
+44 207 321 0000
About Jean Boulle Group
Persistence in Discovery – We deploy capital, resources and skill for commercial projects and non-profit causes where the risks can be managed and opportunities captured.
The Group is principally active in natural resources, medical technology, therapeutics, energy, luxury and philanthropy. Since its foundation by Jean-Raymond Boulle the Group has completed transactions worth more than US$5 billion. Its investments span early-stage private funding for innovative technologies through to acquisitions, special situations and strategic investments in publicly traded companies on leading stock exchanges. The Group often co-invests alongside state investment and pension funds and uses its specific industry knowledge to discover, evaluate and develop new enterprises.
Mr. Boulle was the Chairman, founder and CEO of Diamond Fields Resources Inc., a company listed on the Toronto Stock Exchange that discovered the Voisey’s Bay Mine (acquired by Inco Ltd. in 1996 for $4.3 billion) which shares the same geology as the Greenland Anorthosite Mining resource. Mr. Boulle was subsequently involved in several successful mining companies, including Adastra Minerals Inc. (acquired by First Quantum Minerals Ltd. in 2006 for approximately US$275 million) and World Titane Holdings Ltd. (acquired by Base Resources Ltd. in 2017 for US$90 million). Mr. Boulle started his career at the De Beers Diamond Trading Company London where he worked for ten years in Zaire, Sierra Leone and Belgium.
As an investor and entrepreneur, Mr. Boulle has founded a number of mining companies that have made discoveries of nickel, cobalt, copper, zinc, titanium and diamonds. Mr. Boulle has successfully listed companies on the following stock exchanges: AIM (England), TSX (Canada), ASX (Australia) and SEM (Mauritius). Beyond mining, he has established businesses in sectors including medical technology, therapeutics, agriculture, luxury and energy. The Jean Boulle Group supports a range of environmental and conservation projects with a focus on Mauritius, where he was born.