Wanlistone: Plans to establish a joint venture company to develop and operate the Kuerdai molybdenum-uranium polymetalli…
Wanlistone announced that the company plans to jointly invest USD 1.8 million with its affiliated party Xiamen HaFu Mining Co., Ltd. and Wealth Xin International Limited to establish Hainan Zhongha Wanlistone Mining Co., Ltd., in which the company will contribute USD 720,000 from its own funds, accounting for 40% of the investment. The joint venture intends to acquire 100% equity of "СПЕЦПОСТАВКА—АБСОЛЮТ" LLC registered in Kazakhstan, which currently legally holds exploration rights for rare metals, non-ferrous metals, and precious metals in the Kuldai area of Zhambyl region, Kazakhstan, and plans to develop and operate the Kuldai molybdenum-uranium polymetallic mineral resources
