CHINA NATURAL RESOURCES, INC. ANNOUNCES THE CLOSING OF REGISTERED DIRECT PLACEMENT OF $3.27 MILLION OF COMMON SHARES AND PRIVATE PLACEMENT WARRANTS

Group 1 - China Natural Resources, Inc. closed a registered direct placement of approximately $3.27 million, issuing 1,487,870 common shares at a price of $2.20 per share [1] - The company also issued warrants for the purchase of up to 1,115,903 common shares at an exercise price of $3.00 per share, with a term of 42 months [1] - Net proceeds from the offering will be used for general corporate purposes [1] Group 2 - The common shares are offered through a prospectus supplement as part of the company's effective shelf registration statement [2] - The shelf registration statement was declared effective by the SEC on February 10, 2023 [2] Group 3 - China Natural Resources operates in two segments: wastewater treatment and exploration and mining [3] - The company is engaged in acquiring mining rights in Inner Mongolia and exploring for lead, silver, and other nonferrous metals [3] - The company plans to acquire Williams Minerals, which operates a lithium mine in Zimbabwe, for a maximum consideration of $1.75 billion, expected to close in 2024 [3]