HuiYun Titanium Cooperates With Yunliu Mine Company to Invest RMB 6.2 Billion In Lithium Iron Phosphate

HuiYun Titanium Cooperates With Yunliu Mine Company to Invest RMB 6.2 Billion In Lithium Iron Phosphate

In mid-June, HuiYun Titanium announced that it would enter into Project Investment Framework Agreement with Yun’an District People's Government of Yunfu City (referred to as Yun’an District People's Government below), Guangdong Guangye Yunliu Mine Company (referred to as Yunliu Mine Company below). The Agreement indicates that HuiYun Titanium and Yunliu Mine Company are dedicated to co-constructing an industry ecology chain centering on new energy material industry. The both parties will give play to their resource strengths and industry strengths to attract investment or introduce new material and new energy companies mainly engaged in the fields of pyrite resources + titanium oxide + calcium oxide + phosphoric acid + iron phosphate + lithium iron phosphate. The project aims to construct a new energy material industry park that boasts RMB 10 billion investment scale and forms an industry ecology chain in Yunfu covering sulfur, phosphorus, titanium, iron, lithium, and calcium. Among the efforts, Huiyun Titanium organized to invest RMB 6.2 billion (including the investment in the form of independent raising, fund, M&A loan, and working with other investors, and the final amount is determined by final approval) in constructing iron phosphate and lithium iron phosphate projects and related supporting upstream and downstream projects; Yunliu Mine Company invested RMB 2 billion mainly in refining wet process phosphoric acid projects boasting the capacity of 200000 tons/year. According to information, Huiyun Titanium is mainly engaged in the R&D, manufacturing and sales of titanium while, mainly selling rutile titanium dioxide and anatase titanium dioxide. The Company is equipped with sulphuric acid production line that mainly produces sulphuric acid, steam and iron ore concentrates.