Sinomine(SZ:002738) Sou Hu Cai Jing·2025-10-27 16:20Group 1 - The company, Zhongmin Resources, announced on October 27 that it will hold the 19th meeting of its sixth board of directors to approve a proposal for using idle self-owned funds to purchase financial products, with a total limit not exceeding RMB 1 billion (approximately $140 million) [1] - The approved financial products can be in both RMB and foreign currencies, and the funds can be rolled over within the approved limit, with a maximum balance of self-owned funds for investment not exceeding RMB 1 billion at any given time [1] - The authorization period for this investment strategy is valid for 12 months from the date of approval by the board [1] Group 2 - For the first half of 2025, Zhongmin Resources reported that its revenue composition includes: 40.01% from lithium battery new energy raw material development, 21.67% from rare light metal (cesium and rubidium) resource development, 21.11% from other business revenues, 16.83% from trade, and 0.38% from solid mineral exploration technical services [1] - As of the report date, the market capitalization of Zhongmin Resources is approximately RMB 38.7 billion (around $5.4 billion) [2]