Company Overview - China Natural Resources Inc. is a holding company engaged in exploration and mining, focusing on acquiring and exploiting mining rights in Inner Mongolia, particularly for lead, silver, and other nonferrous metals [2] - The company is in the process of acquiring Williams Minerals, which operates a lithium mine in Zimbabwe, for a maximum consideration of US$1.75 billion [2] Compliance with Nasdaq Listing Requirements - On January 3, 2025, the company was granted an additional 180-day period until June 30, 2025, to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market [1] - If the closing bid price reaches at least $1.00 per share for ten consecutive business days, Nasdaq will confirm compliance; otherwise, the company may face delisting [1] Strategic Intent and Future Opportunities - The company intends to monitor its share price and explore options to regain compliance with Nasdaq's minimum bid price requirement [1] - There are ongoing efforts to close the acquisition of Williams Minerals, which is expected to enhance the company's portfolio in the mining sector [2]
CHINA NATURAL RESOURCES GRANTED SECOND 180-DAY PERIOD BY NASDAQ TO REGAIN COMPLIANCE WITH MINIMUM BID PRICE RULE