Core Viewpoint - The stock price fluctuations of the company are influenced by various factors, and the company adheres strictly to information disclosure regulations, with no undisclosed matters currently [1] Group 1 - The company's production and operations are normal [1] - The company has not yet implemented an employee stock ownership plan or equity incentive [1]

Core Viewpoint - The company, Yuegui Co., Ltd. (000833.SZ), has approved its subsidiary, Jinyuan Mining, to participate in a public auction for quartzite mining rights, aligning with its strategic development plan and promoting sustainable growth [1] Group 1 - The ninth board meeting of the company was held on September 23, 2025, where the proposal for the subsidiary's participation in the mining rights auction was approved [1] - Jinyuan Mining participated in the auction for the mining rights of the Lianzhou Fanbeichong quartzite mine, bidding a total of ¥222,238,200 (approximately 22.2 million) [1] - The funding for this investment will come from Jinyuan Mining's own funds and bank loans, ensuring no adverse impact on the company's financial and operational status [1] Group 2 - The investment is expected to have a positive long-term impact on the company's business expansion and sustainable development, aligning with the interests of all shareholders [1] - The decision to participate in the auction is consistent with the company's long-term strategic development goals [1]

Core Insights - China possesses a vast and diverse range of mineral resources, with 173 types discovered and 163 types having proven reserves, making it a significant player in the global mining industry [2][3] - Despite its large reserves, China's per capita resource availability is below the world average, indicating challenges in resource utilization efficiency [2][4] - China is the world's leading country in rare earth minerals, holding approximately 35%-40% of global reserves and accounting for over 80% of global production [10] Mineral Resource Characteristics - China has a rich variety of mineral resources, including coal, rare earths, tungsten, tin, antimony, molybdenum, graphite, magnesite, and fluorite, with many of these resources ranking first globally in terms of reserves and production [4][11] - The distribution of mineral resources in China is heavily influenced by geological structures, leading to significant regional concentration [4][12] Rare Earths Dominance - Rare earths are critical for high-tech applications, including military, aerospace, and renewable energy sectors, highlighting their strategic importance [6][7] - China's dominance in rare earths is supported by advanced extraction and processing technologies, ensuring its leading position in the global supply chain [10] Other Notable Minerals - In addition to rare earths, China also leads in tungsten, antimony, tin, molybdenum, and coal, with significant production and reserves in these areas [11][12] - Major production regions include Hunan, Jiangxi, Guangdong for tungsten; and Shanxi, Inner Mongolia, and Shaanxi for coal [11][12] Challenges and Opportunities - The mining industry in China faces challenges such as low per capita resource availability, high extraction costs, and environmental impacts from mining activities [12] - Opportunities exist through technological advancements in exploration and extraction, as well as international cooperation to stabilize supply chains and enhance global influence [12]

Core Points - The issuance of the first mining rights real estate certificate in Liaoning Province marks a significant change in the management of mining rights, transitioning from a combined license model to a separation of rights and certificates [1][2] - The new system, effective from July 1, 2025, will separate mining rights registration from exploration and mining permits, establishing a comprehensive governance framework [1][2] Group 1 - The new mining rights certificate provides greater security and assurance for mining companies, as it clarifies their property rights and reduces the risk of losing investments due to administrative issues [1][2] - The previous model, which combined exploration and mining licenses into one certificate, led to confusion regarding the rights of mining operators and inadequate protection of their interests [1] - The reform aims to enhance the efficiency of the application process and improve service effectiveness in mineral resource management [2] Group 2 - The new legal framework defines mining rights as property rights rather than temporary licenses, providing legal protection for mining operators [2] - The separation of rights is expected to optimize the management of mineral resources and reduce institutional costs [2]

Core Viewpoint - Jihai Resources (2489.HK) experienced a decline of 8.44%, trading at HKD 1.41, with a market capitalization of HKD 2.82 billion, following the announcement regarding the safety production license of its subsidiary, Yantai Zhongjia Mining Co., Ltd. [1] Summary by Relevant Sections - **Company License Update** - Yantai Zhongjia's safety production license for the Songjiagou North Mine is set to expire on September 11, 2025 [1] - The company submitted the necessary documents to the Shandong Emergency Management Department in August 2025 to apply for the renewal of the safety production license [1] - **Operational Adjustments** - In light of the application process, Yantai Zhongjia has decided to temporarily halt major production activities at the Songjiagou underground mine starting September 1, 2025 [1] - This decision aims to facilitate thorough safety inspections by the Emergency Management Department and to allow the company to effectively address any safety rectifications required [1]

Core Viewpoint - Yantai Zhongjia Mining Co., Ltd. has applied for the renewal of its safety production license for the Songjiagou Underground Mine, which is set to expire on September 11, 2025, and has temporarily halted major production activities to facilitate safety inspections by the Shandong Emergency Management Department [1][2]. Group 1 - The safety production license for the Songjiagou Underground Mine will expire on September 11, 2025, and Yantai Zhongjia submitted the renewal application in August 2025 [1]. - Yantai Zhongjia decided to temporarily stop major production activities at the Songjiagou Underground Mine starting September 1, 2025, to allow for comprehensive safety inspections and to address any safety rectifications required by the Emergency Management Department [1]. - As of the announcement date, Yantai Zhongjia has not yet obtained the new safety production license for the Songjiagou Underground Mine, but the management estimates that the new license will be issued by the end of October 2025 [1]. Group 2 - Yantai Zhongjia will utilize previously mined ore from the Songjiagou Underground Mine for processing, while operations at the Songjiagou Open-pit Mine will continue unaffected by the license application for the underground mine [2].

Core Viewpoint - The company Yantai Zhongjia Mining Co., Ltd. has temporarily suspended major production activities at the Songjiagou underground mine to facilitate safety inspections by the Shandong Provincial Emergency Management Department, as it seeks to renew its safety production license which expires on September 11, 2025 [1] Group 1 - Yantai Zhongjia submitted the necessary documents for the renewal of the safety production license in August 2025 [1] - The company anticipates that the new safety production license will be issued by the end of October 2025, given the increased safety inspection efforts this year [1] - The company will continue to process previously mined ore from the Songjiagou underground mine during this period [1] Group 2 - The open-pit mining operations at Songjiagou will continue unaffected by the license renewal application for the underground mine [1]

香港交易及結算所有限公司及香港聯合交易所有限公司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 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 – 1 – PERSISTENCE RESOURCES GROUP LTD 集海資源集團有限公司 （股份代號：2489） （於開曼群島註冊成立的有限公司） 內 幕 消 息－ 宋家溝地下礦暫停生產 集 海 資 源 集 團 有 限 公 司（「本公司或本集團」）依 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則（「上市規則」）第13.09(2)條 及《證 券 及 期 貨 條 例》第XIVA部項下的內幕 消 息（定 義 上 市 規 則）作 出 本 公 告。 本 集 團 附 屬 公 司 煙 台 中 嘉 礦 業 有 限 公 司（以 下 簡 稱「煙台中嘉」）宋 家 溝 北 礦 區 地 下 礦（以 下 簡 稱「宋家溝地下礦」）安 全 生 產 許 可 證 已 於2025年9月11 ...

Core Viewpoint - The U.S. Department of the Interior has designated six minerals—potash, silicon, copper, silver, rhenium, and lead—as critical minerals, with formal recognition expected by the end of September. This move aims to bolster domestic production and reduce reliance on imports, which poses economic risks [2][4]. Group 1: Economic Impact - If the supply of the six designated minerals is halted for one year, the U.S. GDP is projected to decrease by approximately $4.95 billion [8]. - The U.S. Geological Survey indicates that the import dependency for potash and silicon exceeds 80%, raising concerns about economic security [4]. - The potential GDP loss from the disruption of each mineral varies, with potash estimated to cause a $2.5 billion loss and silicon $1 billion [7]. Group 2: Government Actions - The Trump administration is accelerating efforts to secure domestic production of critical minerals, having previously declared a national emergency due to insufficient domestic supply [4][6]. - The designation of these minerals will facilitate access to funding and loans for mining and production companies, as well as expedite the review process for production permits [6]. - The critical minerals list is updated approximately every three years, with the upcoming update expected to increase the total number of critical minerals to 54 [6]. Group 3: Specific Minerals and Risks - The designation process now includes minerals whose processed products face supply risks, such as copper, which, despite low import risk for ore, has significant economic implications if refined copper supply is disrupted [6]. - The U.S. is 100% reliant on China for certain critical minerals like samarium, which is essential for defense and aerospace industries. A one-year supply halt of samarium could lead to a GDP decrease of approximately $4.498 billion [8]. - The U.S. Department of Defense has become the largest shareholder in MP Materials, the only rare earth mine operating in the U.S., ensuring price stability for rare earth magnets over the next decade [8].

Core Points - The issuance of the first property rights certificate and mining license under the revised Mineral Resources Law marks a transition from the "one certificate carries two rights" model to a "separation of rights and certificates" model in Sichuan's mining rights management [1][2] - The new law, effective from July 1, establishes a mineral rights property registration system, requiring the relevant authorities to record mining rights in a registration book and issue certificates to mining rights holders [1] - The implementation of the new law has led to improved efficiency and convenience in the approval and registration of mining rights, with the government optimizing application processes and enhancing inter-departmental collaboration [1] Industry Impact - The issuance of the first certificate not only represents a significant step for Sichuan but also serves as an early nationwide example of the "separation of rights and certificates" [2] - This change is expected to strengthen the protection of mining rights holders' legal rights, enhancing their sense of security and confidence to invest more in exploration and production, thereby improving the efficiency of mineral resource exploration and development [2]