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On February 16, Yuntianhua announced that the company signed a new energy battery industry chain project cooperation agreement with Enjie Co.
, Ltd.
, Yiwei Lithium Energy and other parties, and agreed that the parties will jointly establish two joint ventures in Yuxi City.
company
.
After obtaining exploration and mining rights through the joint venture company in accordance with laws and regulations, jointly exploit mineral resources, carry out deep processing of minerals, research and develop, produce and sell new energy batteries and upstream and downstream materials of new energy batteries, and promote the construction of new energy battery industry chain.
It is understood that the project is planned to be invested in three phases.
The first phase of the project is committed to invest about 18.
05 billion yuan and will be completed before December 31, 2023
.
The second phase of the project has a committed investment of about 33.
According to the agreement, after the new mineral development company obtains the lithium ore resources of the investment scale of the first and second phases of the project according to the relevant procedures, Enjie, Yiwei Lithium Energy and Huayou Holdings shall complete the promised investment in accordance with the stipulations of this agreement.
scale
.
If the actual investment scale of a party does not reach the promised investment scale after the expiration of the first and second phase of the project, the Yuxi Municipal People's Government or its designated investment entity shall, based on the proportion of the unfinished investment scale of the party to the committed investment scale, Repurchase the corresponding shares of the mining development company and the mining processing company held by the party respectively
Yuntianhua said that this cooperation will help all parties give full play to their respective resources and advantages, enhance the diversified and in-depth development of the company's phosphate rock resources, accelerate the extension and transformation and upgrading of the industrial chain, and further improve the company's comprehensive competitiveness
