香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本 公告全部或任何部份內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 China Nonferrous Mining Corporation Limited 中國有色礦業有限公司 （根據公司條例於香港註冊成立的有限公司） （股份代號：01258） 28號豎井硫化礦資源開發項目基建期4年，礦山計劃總服務年限為17年，項目建成 達產後，將具備年開採礦石量220萬噸、年產銅精礦含銅約 4.3萬噸的生產規模。 項目計劃總投資約5.3億美元。 1 盧安夏新礦項目是本公司重要的擴產增儲項目，項目投產後將創造大量就業崗位， 帶動贊比亞當地經濟發展，同時，能夠提升謙比希銅冶煉的銅精礦原料保障，為 本公司股東帶來豐厚收益。下一步，本公司將按計劃開展項目建設工作，全力推 動項目早日建成投產。 承董事會命 中國有色礦業有限公司 朱超然及黃敏儀 自願公告 關於投資建設盧安夏新礦項目的自願性公告 本公告屬中國有色礦業有限公司（「本公司」，連同其附屬公司統稱「本集團」）自願 刊發的公告 ...

（编辑 姚尧） 证券日报网讯 11月17日晚间，国城矿业发布公告称，公司可转债连续3个交易日（2025年11月13日、11 月14日、11月17日）收盘价格涨幅偏离值累计超过30%，属于可转债交易异常波动的情况。经核查，公 司未发现近期公共传媒报道了其他可能或已经对本公司可转债交易价格产生较大影响的未公开重大信 息。 ...

本次冲击上市，盛龙股份拟募集资金约15.3亿元，扣除发行费用后，将按轻重缓急顺序投资于河南省嵩 县安沟钼多金属矿采选工程项目、矿业技术研发中心项目、补充流动资金及偿还银行贷款项目。 在首轮审核问询函中，盛龙股份行业及业务模式、历史沿革、资产重组及同业竞争等16个问题遭到追 问。 北京商报讯（记者 马换换 李佳雪）11月17日晚间，深交所官网显示，洛阳盛龙矿业集团股份有限公司 （以下简称"盛龙股份"）主板IPO对外披露了首轮审核问询函回复。 据了解，盛龙股份致力于有色金属矿产资源的综合开发利用，主要从事重要战略资源钼相关产品的生 产、加工、销售业务，主要产品为钼精矿和钼铁。公司IPO于2025年5月21日获得受理，当年6月8日进 入问询阶段。 ...

每经AI快讯，洛阳钼业（SH 603993，收盘价：16.05元）11月17日晚间发布公告称，公司第七届第五次 董事会临时会议于2025年11月17日以现场结合通讯方式召开。会议审议了《关于提名公司第七届董事会 非执行董事候选人的议案》等文件。 2025年1至6月份，洛阳钼业的营业收入构成为：矿产贸易占比86.87%，矿山采掘及加工占比41.58%， 其他业务占比0.11%，内部交易抵销占比-28.56%。 截至发稿，洛阳钼业市值为3434亿元。 每经头条（nbdtoutiao）——展望"十五五" | 专访尹艳林：让有钱且愿消费的人顺利消费；个税起征点可 提高，最高边际税率可下调，让有关群体少缴税、多收入 （记者 王晓波） ...

每经AI快讯，中国有色矿业(01258.HK)现跌超4%，截至发稿，跌4.14%，报13.89港元，成交额1.03亿港 元。 ...

Core Viewpoint - China Nonferrous Mining (01258) has experienced a decline of over 4%, currently trading at HKD 13.89 with a transaction volume of HKD 103 million due to operational disruptions caused by an incident at its subsidiary, China Nonferrous Africa Mining [1] Group 1: Incident and Impact - An incident occurred at the Qianbixi Southeast mine where the inner wall of the auxiliary shaft was damaged, resulting in one casualty [1] - Following the incident, the company temporarily halted production and conducted expert evaluations on-site [1] - Investigations revealed that the main and auxiliary shafts had been eroded and cracked due to long-term corrosion from multiple aquifers [1] Group 2: Remediation and Production Adjustments - The company has completed the repair of the auxiliary shaft and is currently working on the main shaft, with full repairs expected to be completed by mid-December this year [1] - As a result of the temporary suspension of operations, the company has adjusted its 2025 production plan, reducing the copper output from 160,000 tons to 140,000 tons [1]

Investment Rating - The investment rating for China Uranium Industry is "Buy" based on its strong market position and growth potential in the domestic natural uranium sector [1][5][28]. Core Insights - China Uranium Industry (001280.SZ) is the only company engaged in domestic natural uranium mining and processing, holding a dominant position in the industry. The company is expected to achieve revenue and net profit of 17.279 billion and 1.458 billion RMB respectively in 2024 [1][5]. - The company benefits from a large nuclear power market and has significant growth potential, supported by favorable government policies promoting nuclear energy development [6][20]. - The company has a stable revenue growth rate of 28.07% from 2022 to 2024, driven by consistent demand from downstream nuclear power plants [7][10]. Summary by Sections Company Overview - China Uranium Industry is a key player in ensuring the supply of natural uranium in China, with 17 mining rights in regions rich in uranium resources. The company ranks among the top ten uranium producers globally, with its Rosin uranium mine being the second-largest open-pit uranium mine in the world [5][24][25]. Business Analysis - The company primarily engages in the mining, sales, and trade of natural uranium and related radioactive minerals. Its revenue from natural uranium sales is projected to grow significantly, with a compound annual growth rate of 28.07% from 2022 to 2024 [7][10][12]. - The company has established long-term agreements with major nuclear power clients, ensuring stable demand for its products [6][10]. Industry Development and Competitive Landscape - The global natural uranium market is expected to expand steadily, driven by the transition to clean energy and increased nuclear power construction. The company is well-positioned to benefit from this growth [20][22]. - The competitive landscape is characterized by a high concentration of production among the top ten uranium producers, with China Uranium Industry being one of the three main suppliers in the domestic market [22][24]. IPO and Fundraising - The company plans to issue 24.818 million shares, raising approximately 4.11 billion RMB to expand its uranium production capacity and improve processing technologies [26][27]. - The IPO will enhance the company's ability to secure domestic uranium supply and support its growth strategy [26][27]. Comparable Company Valuation - The average price-to-earnings (PE) ratio for comparable companies in the industry is 26.21 for 2024, with projected ratios of 18.96 and 15.75 for 2025 and 2026 respectively [28][29].

Core Points - The company announced that its wholly-owned subsidiary, Chifeng Yongjin Mining Co., Ltd., received a mining rights certificate on November 14, 2025 [1] - The mining rights certificate pertains to the Longtoushan Gold Mine located in Chifeng City, covering an area of 2.4278 square kilometers [1] - The mining rights are valid from October 1, 2025, to September 30, 2028, with the main mineral being gold and associated minerals being silver [1] Summary by Sections - **Mining Rights Certificate Information** - Certificate Number: DC1500002013094220131685 [1] - Mining Area: 2.4278 square kilometers [1] - Mining Depth: 410.0000 meters to 1100.0000 meters elevation [1] - Mining Rights Holder: Chifeng Yongjin Mining Co., Ltd. (Unified Social Credit Code: 91150428MAC1QRYT9M) [1] - **Company's Commitment** - The company will continue to monitor the developments regarding the gold mine and will fulfill its information disclosure obligations in accordance with relevant laws and regulations [1]

Summary of Huaxi Nonferrous Conference Call Company Overview - Huaxi Nonferrous is a leading non-ferrous metal company in South China, located in Guangxi. It was listed through a reverse merger with ST Nanhua in 2023. The company is part of the Guangxi Beibu Gulf Port Group and is the only non-ferrous metal listed company under the Guangxi State-owned Assets Supervision and Administration Commission [2][3][4]. Industry Insights - The global tin supply growth is expected to be around 2%, while demand growth is projected at 5%-6%. This indicates a persistent supply-demand imbalance in the coming years, with a projected tin deficit of approximately 13,000 tons in 2025, expanding to 25,000 tons in 2026, and reaching 28,000 tons by 2027 [3][12][13]. - The recent restructuring of tin mines in Indonesia has led to a 50% year-on-year decline in tin ingot exports, reducing global tin supply by about 5,000 tons, equivalent to a 2% decrease in global supply [2][11]. Production Plans and Growth Projections - Huaxi Nonferrous plans to enhance production through both organic growth and external expansion. Key projects include: - Increasing the production capacity of Gaofeng Mine from 300,000 tons/year to 450,000 tons/year. - Expanding the Tongkeng Mine to 3 million tons/year. - Additional expansions at the Fozim Mine [2][5][6]. - By 2028-2029, total tin production is expected to approach 20,000 tons, with equity production around 13,000-14,000 tons. This represents a significant increase from current levels of approximately 7,000 tons total and 5,000 tons equity [2][6]. Price Trends and Market Dynamics - The price of tantalum (T) has been volatile due to export control policies. Following a peak of 260,000 yuan earlier in the year, prices fell to around 180,000-190,000 yuan but are expected to recover to approximately 200,000 yuan due to improved market confidence [7][10]. - The recent delay in the implementation of U.S. export control policies has restored market confidence, leading to a rapid price increase for T products [9]. Valuation and Future Outlook - Huaxi Nonferrous currently has a low market valuation, but with its rich resource reserves and potential for growth, its valuation is expected to increase. A target market capitalization of over 30 billion yuan is projected based on a profit forecast of 2 billion yuan in 2026 and a price-to-earnings ratio of 15 [14]. - The integration of small and scattered enterprises in Guangxi is anticipated to enhance Huaxi Nonferrous's resource reserves, particularly in antimony and other rare metals, further boosting its production capacity and market competitiveness [15]. Key Takeaways - Huaxi Nonferrous is positioned for significant growth in production and market valuation, driven by strategic expansions and favorable market conditions in the non-ferrous metals sector [2][3][14].

Group 1: New Stock Offerings - Two new stocks are available for subscription next week: Jingchuang Electric on November 18 and China Uranium Industry on November 21 [1][5] - China Uranium Industry will become the first uranium stock in A-shares, with a large number of shares issued, potentially leading to a higher winning rate for investors [1][6] Group 2: Jingchuang Electric - Jingchuang Electric's subscription code is 920035, with an issue price of 12.10 yuan per share and a price-to-earnings ratio of 13.47, compared to the industry average of 41.07 [3] - The total number of shares issued is 14.46 million, with 13.01 million available for online subscription, and the maximum subscription limit for investors is 650,700 shares [3] - The company specializes in smart controllers for cold chain equipment, monitoring instruments for pharmaceuticals and food, and has been recognized as a national-level "little giant" enterprise [3] - Jingchuang Electric has entered the supply chain of major refrigeration companies like Panasonic and Haier, collaborating with over 50 international brands [3] - Revenue projections for Jingchuang Electric from 2022 to 2025 show growth from 396 million yuan to 499 million yuan, with net profits increasing from 48.74 million yuan to 58.91 million yuan [3][4] Group 3: China Uranium Industry - China Uranium Industry's subscription code is 001280, with the issue price and earnings ratio yet to be disclosed, but the industry average is 27.73 [6] - The company plans to issue 248.18 million shares, with 52.12 million available for online subscription, and a maximum subscription limit of 52,000 shares [6] - As a key subsidiary of China National Nuclear Corporation, China Uranium Industry is involved in the comprehensive utilization of natural uranium and radioactive co-associated mineral resources [6] - The company holds 19 mining rights and 6 exploration rights, focusing on uranium-rich areas in Xinjiang and Inner Mongolia, and is the only central enterprise with natural uranium mining qualifications in China [6] - Revenue forecasts for China Uranium Industry from 2022 to 2025 indicate growth from 10.535 billion yuan to 19.5-20 billion yuan, with net profits expected to rise from 1.334 billion yuan to 1.6-1.65 billion yuan [6][8]