Jinhengwang Lithium Plans To Acquire The Salt Lake Lithium Project in Argentina For 182 Million Yuan

7月17日晚上，Jinyuan，Xinwangda和Chuanheng宣布，他们的合资企业Zhejiang Jinhengwang Lithium Co.，Ltd。（以下名称为“ Jinhengwang”）正在与Goldinka Energy S.A. Goldinka（“ Goldinka”）建立合作伙伴关系，进行了谈判，以收购Laguna Caro Mineral Proiment Project，以2700万美元（1.82亿美元）（1.82亿美元）。

Jinhengwang was established in April this year with a registered capital of 350,000 Yuan. Jinyuan, Xinwangda and Chuanheng hold 51%, 35% and 14% of the shares respectively. World Mining has made an introduction:

The announcement said that in order to comply with Argentine policies and regulations, to improve the efficiency of the acquisition, Jin hengwang has identified Ms. Zhang xiao, chairman of the supervisory board of jinyuan environmental protection co., LTD., and Mr. Li tingwei (collectively, the "agents"), each holding 50% of COPELIA LITIO S.A. (" brilliant lithium "), as agents for the purchase of the Laguna Caro mining rights project.

Based on the previous due diligence to Goldinka and the results of negotiations between the parties, and upon consensus, the parties have entered into an Asset Purchase Agreement with Goldinka, whereby Brilliant Lithium and Goldinka are agreed to purchase the Laguna Caro mineral rights project under Goldinka's name at a price of USD 27 million. At the same time, Jin Hengwang enters into the Agency Agreement with the agent and HualiumLithium, in which Jin Hengwang makes the relevant payment for the transaction and agrees that HualiumLithium will convert the creditor's rights of Jin Hengwang in HualiumLithium into the equity rights of Jin Hengwang in HualiumLithium within the specified time. Upon completion of the transaction, Jinhengwang will own the Laguna Caro mineral rights project through Huiliang Lithium.

The Laguna Caro project is located in the province of Catamaca, Argentina, near the salt marsh of Hombre Muerto, covering an area of 4,514 hectares. The preliminary exploration permit has been obtained and preliminary geological work has been completed, such as site survey, geological physical exploration and other preliminary geological work. The specific reserve report has not yet been issued. Investment plans and environmental impact statements are being submitted and an application is being made to proceed with further exploration. The Laguna Caro mineral rights project has not yet been awarded the mineral rights, and the Company will push forward the relevant matters of mineral rights in accordance with local policies as soon as possible, so as to promote the construction of the relevant project as soon as possible.

According to the introduction, the transaction price was determined by the two parties based on the transaction price of Brilliant Lithium and Goldinka. Huangronglithium has engaged relevant experts to conduct sampling evaluation of Laguna Caro mineral right. Based on the sampling results, it is estimated that the lithium resource content of Laguna Caro mineral right is 500,000 tons to 1 million tons using a cautious method. Based on the comparison of the international purchase price in the same industry and the current price of lithium resources, the two parties agreed to purchase the Laguna Caro mineral rights at a price of $27 million through mutual negotiation based on the principles of fairness, impartiality, voluntariness and equality.

Jinyuan股份表示，这项交易有助于加强公司上游锂资源的战略布局，以更好地促进阿根廷锂湖项目的未来发展，建设和生产，以帮助公司实施新的能源515计划，并进一步改善该计划公司的核心竞争力和可持续的盈利能力。符合公司的发展战略，符合公司的长期发展战略和所有股东的利益。