Yulong Mining to acquire 67% equity of Shaanxi Shanjin Mining

Yulong Mining announced recently that on December 27, 2022, the company signed Equity Transfer Agreement with Shaanxi Shanjin Mining Co.Asian Metal CopyrightAs reported, the transaction consideration was RMB130.Asian Metal Copyright, Ltd.Asian Metal Copyright78 million.Asian Metal Copyright and other parties with intention to acquire 67% equity of Shaanxi Shanjin Mining in cash, so as to obtain the mining right of Loufanggou Vanadium Mine project in Shangnan county, Shaanxi province, which is the core asset of the subject company.Asian Metal Copyright Loufanggou Vanadium Mine project's measured, indicated and inferred Vanadium ore amounted to 46,102,900 tons, including 499,882 tons of vanadium pentoxide with an average grade of 1.Asian Metal Copyright As reported, the transaction consideration was RMB130.Asian Metal Copyright78 million.Asian Metal Copyright65 million (USD18.Asian Metal Copyright78 million.Asian Metal Copyright78 million).Asian Metal Copyright78 million.Asian Metal Copyright Loufanggou Vanadium Mine project's measured, indicated and inferred Vanadium ore amounted to 46,102,900 tons, including 499,882 tons of vanadium pentoxide with an average grade of 1.Asian Metal Copyright Loufanggou Vanadium Mine project's measured, indicated and inferred Vanadium ore amounted to 46,102,900 tons, including 499,882 tons of vanadium pentoxide with an average grade of 1.Asian Metal Copyright08%, creating favorable conditions for the company to enter the field of new energy and new material minerals.
.Asian Metal CopyrightAs reported, the transaction consideration was RMB130Asian Metal Copyright