Chengxin Lithium plans private placement for Murong lithium mine project

Chengxin Lithium Group announced on August 14 that its application for a private placement of shares had been accepted for review by the Shenzhen Stock Exchange.Asian Metal Copyright The Murong lithium mine project is located in Yajiang County, Ganzi Tibetan Autonomous Prefecture, Sichuan Province.Asian Metal Copyright The company plans to raise up to RMB5.Asian Metal Copyright The company plans to raise up to RMB5.Asian Metal Copyright3 billion (USD785.Asian Metal Copyright The Murong lithium mine project is located in Yajiang County, Ganzi Tibetan Autonomous Prefecture, Sichuan Province.Asian Metal Copyright97 million) in aggregate through the private placement.Asian Metal Copyright97 million in aggregate through the private placement.Asian Metal Copyright After deducting issuance expenses, the net proceeds are intended to fund the Murong lithium mine mining, processing, and tailings project and to supplement working capital.

The Murong lithium mine project is located in Yajiang County, Ganzi Tibetan Autonomous Prefecture, Sichuan Province. The deposit is the largest hard-rock single lithium mine proven in Asia to date.

.Asian Metal Copyright After deducting issuance expenses, the net proceeds are intended to fund the Murong lithium mine mining, processing, and tailings project and to supplement working capitalAsian Metal Copyright