Canmax's Grandson Company Acquires Mining License for Lithium-Containing Porcelain Clay Mine in Jiangxi

Canmax: Grandson Company Yichun Shengyuan Obtains Mining License for Porcelain Clay (Containing Lithium) Mine in Jinfeng, Fengxin County—Zuojia, Yifeng County, Jiangxi

Canmax announced that its grandson company, Yichun Shengyuan Lithium Co., Ltd., has obtained the "Mining License" issued by the Yichun Natural Resources Bureau for the porcelain clay (containing lithium) mine in the Jinfeng area of Fengxin County to the Zuojia area of Yifeng County, Jiangxi. The type of ore is porcelain clay, with an open-pit mining method, a production scale of 9 million mt per year, a mining area of 0.8429 square kilometers, and a validity period of twenty-three years (from March 7, 2025, to March 6, 2048). This development is expected to help the company increase its lithium ore resources, secure resource supply, and enhance core competitiveness. However, the company has not yet fully commenced mining operations at the site, and there is a risk that actual mining outcomes may differ from predictions.