Chengxin Lithium to acquire 21% stake in Qicheng Mining
2025-09-23 14:54:26 [Print]
Chengxin Lithium Group Co., Ltd. announced plans to acquire a 21% stake in Sichuan Qicheng Mining Co., Ltd. for around RMB1.46 billion (USD205 million) in cash through its wholly-owned subsidiary, Sichuan Chengtun Lithium Co., Ltd. Upon completion, Shengxin Lithium will directly hold 70% of Qicheng Mining and indirectly control its subsidiary, Yajiang Huirong Mining Co., Ltd.
Huirong Mining holds the mining rights to the Murong lithium deposit, one of the highest-grade lithium mines in Sichuan, with an approved annual production capacity of 3 million tonnes. The deposit contains proven resources of 989,600 tonnes of Li2O at an average grade of 1.62%, along with 5,888 tonnes of Nb2O5 at 0.01% and 3,013 tonnes of Ta2O5 at 0.005%. The company is currently advancing mine development and construction.
Huirong Mining holds the mining rights to the Murong lithium deposit, one of the highest-grade lithium mines in Sichuan, with an approved annual production capacity of 3 million tonnes. The deposit contains proven resources of 989,600 tonnes of Li2O at an average grade of 1.62%, along with 5,888 tonnes of Nb2O5 at 0.01% and 3,013 tonnes of Ta2O5 at 0.005%. The company is currently advancing mine development and construction.
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