智通财经网·2025-12-23 14:05Core Viewpoint - ST Jinglan plans to acquire 51% stake in NORTH WEST VANADIUM PROPRIETARY LIMITED for $1 million to expand its overseas business and operational development [1] Group 1: Acquisition Details - The acquisition will make NORTH WEST VANADIUM PROPRIETARY LIMITED a subsidiary of ST Jinglan [1] - The company has obtained exploration rights for vanadium-titanium magnetite, which is advantageous due to its large reserves and high grades of vanadium and iron [1] Group 2: Strategic Benefits - The acquisition allows the company to partner with steel industry players to develop the vanadium-titanium magnetite and extract valuable rare metals such as vanadium and titanium [1] - This move is expected to increase the company's rare metal resource holdings, enhance profitability, and improve risk resistance and market competitiveness [1] - The long-term sustainable development of the company is positively impacted by this strategic acquisition [1]