HANRUI COBALT(SZ:300618)2022-12-06 05:36Group 1: Company Overview - The company currently holds a mining right in Congo but has no immediate plans to commence mining due to limited operational capacity and sufficient raw material supply [1][2] - The mining rights can be renewed twice, each for ten years [2] Group 2: Project Funding and Production - The Congo project has completed necessary approvals from various departments, ensuring that fundraising will not be an issue [2] - A total of 2,000 tons of hydroxide cobalt has been invested initially, with plans to complete 5,000 tons before moving on to the electro-cobalt project, which has a three-year cycle [2] Group 3: Product Usage and Sales Strategy - Cobalt powder cannot be directly used in battery factories; instead, cobalt concentrate and hydroxide cobalt are sold as raw materials for battery manufacturers [3] - The company has a production capacity of 1,500 tons of metal cobalt, with sales fluctuating monthly based on market conditions, but overall sales are expected to remain stable throughout the year [3] Group 4: Communication and Disclosure - The company ensures transparent communication with investors, adhering to its information disclosure management system to guarantee the accuracy and completeness of disclosed information [3]