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CHINA NATURAL RESOURCES REPORTS FIRST HALF 2025 RESULTS
Prnewswire· 2025-12-31 13:00
Core Viewpoint - China Natural Resources Inc. reported its operational results for the six months ending June 30, 2025, highlighting a loss increase and ongoing investment in mining activities despite acquisition delays [1][5]. Financial Performance - Administrative expenses decreased to CNY3.14 million (US$0.44 million) from CNY4.00 million in the same period of 2024, attributed to stringent cost control measures [3]. - Fair value gain on financial instruments was CNY1.88 million (US$0.26 million), down from CNY3.86 million in 2024, reflecting fluctuations in the value of outstanding warrants [4]. - The company reported a loss of CNY1.27 million (US$0.18 million) for the six months ended June 30, 2025, compared to a loss of CNY0.12 million in the same period of 2024, primarily due to decreased fair value gains [5][9]. Assets and Liabilities - Total assets as of June 30, 2025, were CNY251.51 million (US$35.07 million), a decrease from CNY260.89 million as of December 31, 2024 [10][11]. - Current liabilities decreased to CNY13.70 million (US$1.91 million) from CNY17.32 million in December 2024, while total liabilities were CNY165.01 million (US$23.01 million) [11]. - Equity attributable to owners of the company was CNY86.49 million (US$12.06 million) as of June 30, 2025, down from CNY88.06 million [11][12]. Strategic Initiatives - The company is focused on prudent investments in exploration activities at the Wulatehouqi Moruogu Tong Mine and is actively working to resolve delays in the acquisition of William Minerals, which operates a lithium mine in Zimbabwe [2][6].
China Natural Resources Announces Effective Date of Share Combination
Prnewswire· 2025-06-10 20:10
Core Viewpoint - China Natural Resources, Inc. will implement a share combination, converting every eight common shares into one, effective June 13, 2025 [1][2]. Group 1: Share Combination Details - The share combination will not issue fractional shares; any resulting fractions will be rounded up to the next whole share [2]. - All shareholders will be affected uniformly, and their percentage interest in the Company's outstanding common shares will remain unchanged, except for adjustments due to fractional shares [2]. - Outstanding options, warrants, and other rights to purchase common shares will be adjusted proportionately as a result of the share combination [2]. Group 2: Trading Information - Post-combination, the common shares will continue to trade under the symbol "CHNR" but will have a new CUSIP number, G2110U125 [3]. Group 3: Company Overview - China Natural Resources, Inc. operates in the exploration and mining business, focusing on acquiring and exploiting mining rights in Inner Mongolia, particularly for lead, silver, and other nonferrous metals [4]. - 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 [4]. - The acquisition involves parties including the Company's controlling shareholder, Feishang Group Limited, and a non-affiliate, Top Pacific (China) Limited [4].
China Natural Resources Announces 8-to-1 Share Combination
Prnewswire· 2025-05-27 20:15
Core Viewpoint - China Natural Resources, Inc. has announced an eight-to-one share combination to increase its per share trading price and meet Nasdaq listing requirements [1][3]. Group 1: Share Combination Details - The board of directors has approved an eight-to-one share combination of issued and outstanding common shares, effective June 12, 2025 [1]. - Every eight issued and outstanding common shares will automatically convert into one common share, with fractional shares rounded up to the next whole share [2]. - The share combination will not affect the total number of authorized common shares, and all outstanding options and warrants will be adjusted proportionately [3]. Group 2: Company Operations and Strategy - China Natural Resources operates in exploration and mining, focusing on acquiring and exploiting mining rights in Inner Mongolia, including lead, silver, and other nonferrous metals [4]. - 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 [4].