[SMM New Energy] Yuegui Holdings to Raise 900M Yuan for Wet-Process Phosphoric Acid and Mining Projects
Guangxi Yuegui Holdings has announced plans to raise up to 900 million yuan to fund three core industrial projects. The largest portion, 600 million yuan, will be allocated to a 100,000-ton/year refined wet-process phosphoric acid project. Additionally, 200 million yuan is earmarked for a glass-grade quartz sandstone mining project in Guangdong, while the remaining 100 million yuan will support the automation and scaling of Yunliu Mining’s crushing systems. These investments aim to drive production safety, reduce costs, and expand overall capacity through technical upgrades.