On November 12, it was reported that some investors asked Huiyun Titanium on the interactive platform: Ask the Secretary of the Board of Directors: This year, the company actively participated in the auction of prospecting rights (hereinafter referred to as the "prospecting rights") for the census of Akwana Vanadium-Titanium Magnetite Mine in Qinghe County, Xinjiang, and successfully won the above prospecting rights with its own funds of RMB 1.1528 million on July 8, 2024. Subsequently, the company's wholly-owned subsidiary signed the "Exploration Right Transfer Contract" with the Natural Resources Department of Xinjiang Uygur Autonomous Region. How is the project progressing?
The company replied that: Qinghe County Huiyun Mining Co., Ltd., a wholly-owned subsidiary of the company, has obtained the "Mineral Resources Exploration License" issued by the Natural Resources Department of Xinjiang Uygur Autonomous Region. For details, please refer to the "Progress Announcement on Obtaining Exploration Rights by Wholly-owned Subsidiaries" issued by the company on September 24. Relevant exploration work is currently being actively promoted.
