Annada Titanium to make additional investment in Tongling Nayuan

Annada Titanium announced on July 30th that original shareholders of its holding subsidiary, Tongling Nayuan, will agree to make addition investment on the subsidiary to build a 50ktpa of battery grade iron(iii) phosphate project.Asian Metal Copyright Of all the RMB77 million USD11,019,047 of addition investment needed to build the project this time, RMB53.Asian Metal Copyright Of all the RMB77 million (USD11,019,047) of addition investment needed to build the project this time, RMB53.Asian Metal CopyrightAnnada Titanium announced on July 30th that original shareholders of its holding subsidiary, Tongling Nayuan, will agree to make addition investment on the subsidiary to build a 50ktpa of battery grade ironiii phosphate project.Asian Metal Copyright90 million (USD7,713,333) will be supplied by Annada Titanium by its own funds in two phases, still accounting for 70% of the total investment; in addition, the investment proportion of shareholders will keep unchanged.


.Asian Metal CopyrightAnnada Titanium announced on July 30th that original shareholders of its holding subsidiary, Tongling Nayuan, will agree to make addition investment on the subsidiary to build a 50ktpa of battery grade ironiii phosphate projectAsian Metal Copyright