Hanrui Cobalt to invest in electrowinning nickel and nickel sulfate project

Hanrui Cobalt announced on June 5 that it plans to raise no more than RMB2.Asian Metal Copyright According to the announcement, the project has a total investment of RMB2.Asian Metal Copyright353 billion (USD346.Asian Metal Copyright The company will utilize its own land to build a production line that processes high-grade nickel matte into electrolytic nickel and battery-grade nickel sulfate.Asian Metal Copyright88 million) through a private placement of shares to specific investors.Asian Metal Copyright88 million through a private placement of shares to specific investors.Asian Metal Copyright After deducting issuance expenses, the proceeds will be used for the construction of an annual 40,000tpy electrowinning nickel and 40,000tpy (nickel metal equivalent) battery-grade nickel sulfate project, as well as to supplement working capital.

According to the announcement, the project has a total investment of RMB2.003 billion (USD295.Asian Metal Copyright This initiative will enable Hanrui Cobalt to extend its operations from upstream nickel raw materials to downstream refined products, creating an circular ecosystem across the nickel value chain, from resources to materials, and further perfecting the company's strategic "cobalt-copper-nickel" integrated industrial chain.Asian Metal Copyright28 million) and a construction period of 24 months.Asian Metal Copyright After deducting issuance expenses, the proceeds will be used for the construction of an annual 40,000tpy electrowinning nickel and 40,000tpy nickel metal equivalent battery-grade nickel sulfate project, as well as to supplement working capital.Asian Metal Copyright The company will utilize its own land to build a production line that processes high-grade nickel matte into electrolytic nickel and battery-grade nickel sulfate.Asian Metal Copyright This initiative will enable Hanrui Cobalt to extend its operations from upstream nickel raw materials to downstream refined products, creating an circular ecosystem across the nickel value chain, from resources to materials, and further perfecting the company's strategic "cobalt-copper-nickel" integrated industrial chain.Asian Metal Copyright This initiative will enable Hanrui Cobalt to extend its operations from upstream nickel raw materials to downstream refined products, creating an circular ecosystem across the nickel value chain, from resources to materials, and further perfecting the company's strategic "cobalt-copper-nickel" integrated industrial chain.

.Asian Metal Copyright88 million through a private placement of shares to specific investorsAsian Metal Copyright