Huati Technology announced on December 26 that it plans to invest US$3 million through its holding subsidiary to acquire 85% of the shares of Kyushu Resources and SA in Mozambique, and indirectly hold 85% of the prospecting rights of Kyushu Resources Company.
It is understood that the prospecting right No. 11682, located in the gile area of Zambezi Province, Mozambique, is the main asset of Jiuzhou ResourcesHuati Technology's equity acquisition can realize the control of the mining, crushing, processing and transportation of No. 11682 lithium mine in Mozambique.
According to the data, Huati Technology is mainly engaged in the investment, construction and operation of smart street lamps, product development and manufacturing, and its layout in the field of lithium mines does not stop there.
In July, Huati Technology and Shenzhen Zhuofan Energy jointly established Sichuan Huati Lithium Energy Co., Ltd. Huati Technology and Shenzhen Zhuofan Energy held shares respectively, and their business covered the industrial chain related to lithium mineral resources.
In September, Huati Technology and Huati Lithium Energy jointly established Huati International Energy, which is mainly engaged in the import and export of goods, metal ore sales and other businesses.
In October, Huati Technology announced that the first batch of lithium mines of Sichuan Huati Lithium Energy, a holding subsidiary, officially began mining, and Huati Lithium Energy completed a key step of formal operation.
In the view of Huati Technology, the layout in the field of lithium ore will help enhance the company's competitiveness in the energy industry chain, broaden the business scope, and improve the layout of the new energy industry chain.
It's worth noting, thoughAt present, domestic lithium salt has fallen to the freezing point, and overseas lithium mines have gradually loosened, and there are risks in cross-border against the trend. At the same time, Africa is about to become the "main arena for the next round of lithium capacity expansion", and its layout in Africa has not seized the opportunity.
At present, mining giants such as Ganfeng Lithium, Huayou Cobalt, Sinomine Resources, and Shengxin Lithium Energy have already made moves, and Chinese companies can be seen in world-class resources such as Bougouni, Bikita, and Goulamina.
Huati Technology's investment in the lithium field at this stage is just a drop in the ocean, and it remains to be seen whether it can buck the trend in the future.