Yongxing Materials to Invest RMB 295 Million in Green, Smart Lithium Extraction Project

【Yongxing Materials: Plans to Invest RMB 295 Million in a Green, Smart, and Efficient Lithium Extraction Comprehensive Technical Transformation Project for Lithium Mica】

On June 21st, Yongxing Materials announced that its wholly-owned subsidiary, Jiangxi Yongxing Special Steel New Energy Technology Co., Ltd., plans to invest in the construction of a green, smart, and efficient lithium extraction comprehensive technical transformation project for lithium mica. This project aims to technically transform the existing annual production line of 10,000 tons of battery-grade lithium carbonate, including the roasting system, leaching and filtering system, exhaust system, and some evaporation and wet processing systems. The goal is to create a benchmark production line for mica lithium extraction that is high-end, intelligent, clean, low-consumption, safe, and low-cost. The construction period for this project is expected to be 9 months, with an investment of RMB 295 million, funded by the company's own or self-raised funds.