Sinomine Resource Group's Bikita Subsidiary Holds Proper Licensing in Zimbabwe and Advances Lithium Sulfate Production Capacity

Deep News03-13

On March 13, Sinomine Resource Group Co., Ltd. responded to investor inquiries on an interactive platform, stating that the Zimbabwean Ministry of Mines and Mining Development's announcement regarding the suspension of lithium ore exports aims to combat smuggling and promote local processing in Zimbabwe. The company's subsidiary, Bikita, is a properly licensed enterprise in Zimbabwe and is actively advancing its lithium sulfate production capacity layout. The relevant announcement is expected to have limited impact on the company. Currently, the company is actively communicating with relevant Zimbabwean authorities regarding new export application procedures.

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