Northern Rare Earth invests in pilot hydrometallurgy base

China Northern Rare Earth (Group) High-Tech Co., Ltd. (SSE:600111) announced plans to invest 73.36 million yuan of its own funds to build a pilot base for rare earth hydrometallurgy and inorganic functional materials. Approved by the board of directors on March 13, 2025, the project aims to enhance the company's technological innovation and accelerate the industrialization of research成果。 Located within the company's smelting branch in Baotou, Inner Mongolia, the base will cover approximately 10,000 square meters. Construction is slated to begin in June 2025, with completion expected by May 2026. The investment is part of the company's strategy to build a comprehensive technology innovation system and will not have a material impact on its financial performance.