[Cobalt & Lithium: Sinomine Resource Plans 5.2 Billion Yuan Private Placement For Lithium Sulfate Project And Others]

Published: May 20, 2026 18:51

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On May 19, Sinomine Resource Group Co., Ltd. issued an announcement stating that it plans to issue A-shares to specific qualified investors, raising a total amount of approximately 5.2 billion yuan through the private placement. The maximum number of shares to be issued is 216,447,563, not exceeding 30% of the company's total share capital before the issuance. The fund-raising investment projects for this private placement focus on Sinomine Resource's main business, including the annual 100,000-ton lithium sulfate project in Zimbabwe, the Kitumba copper mine project in Zambia, and the annual 2,000-ton cesium-rubidium product project of Jiangxi Sinomine Advanced Materials Co., Ltd.

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