JLMAG to Acquire 9.24% Stake in Baotou Rare Earth Products Exchange

Stock News06-24

JLMAG (ASX: 06680) has announced its intention to acquire a 9.24% equity stake in Baotou Rare Earth Products Exchange Co., Ltd. from China Northern Rare Earth (Group) High-Tech Co., Ltd. The transaction is planned to be conducted via a public listing transfer on the Inner Mongolia Equity Exchange Center.

According to an assessment report, the total equity value of the exchange was appraised at approximately RMB 239 million as of the valuation reference date of December 31, 2025. This represents a 13.19% premium over the net asset book value of RMB 211.1449 million, resulting in an appreciation of RMB 27.8551 million. The expected transaction price for the target stake is around RMB 22.0836 million.

Rare earth elements are a core raw material for producing NdFeB permanent magnets. The exchange serves as a specialized trading platform for rare earth (metal) resources. The successful completion of this equity acquisition is anticipated to enhance the company's supply chain security for rare earth raw materials, bolster its overall competitiveness, and solidify its market position within the rare earth permanent magnet industry.

The company stated it will adhere to principles of cooperation and mutual benefit, leveraging its own strengths to support the exchange's development into a nationally recognized trading platform for rare earth (metal) resources.

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