M&A - CHINA NATURAL RESOURCES INC

Form Type: 20-F

Filing Date: 2025-05-15

Corporate Action: Acquisition

Type: Update

Accession Number: 000107997325000827

Filing Summary: China Natural Resources Inc. is in the process of acquiring indirect ownership of Williams Minerals (Pvt) Ltd, the holder of a mining permit for a lithium mine in Zimbabwe. This acquisition involves the purchase of 70% ownership from Feishang Group and 30% from Top Pacific (China) Limited. The completion of this acquisition is contingent upon meeting several conditions, such as transferring ownership interests and obtaining governmental approvals. The original sale and purchase agreement was made on February 27, 2023, and has been amended to extend the closure date to December 31, 2025. The document also summarizes the company's financial position for the fiscal year ending December 31, 2024, disclosing that 8,377,897 common shares are outstanding.