Yunnan Yuntianhua associate secures rights to major phosphate mine

Yunnan Yuntianhua's associate, Yunnan Yuntianhua Julin New Materials Co., Ltd. ("Julin New Materials"), announced it has obtained the "Property Ownership Certificate (Mining Right)" and "Mining License" for the Wanchang Phosphate Mine in Zhenxiong County, Zhaotong City, Yunnan Province, on December 23. This crucial development grants Julin New Materials the right to mine phosphate and associated fluoride across an area of 23.1564 square kilometers. The mining rights are valid from December 19, 2025, to December 18, 2040.

According to exploration reports, the Wanchang Phosphate Mine holds an estimated 2.438 bn tons of phosphate resources with an average grade of 22.54%. Yunnan Yuntianhua holds a 35% equity stake in Julin New Materials, with its controlling shareholder, Yuntianhua Group Co., Ltd., holding a 55% stake. Yuntianhua Group has committed to injecting control of Julin New Materials into Yunnan Yuntianhua within three years of Julin New Materials securing the valid mining license. This acquisition is expected to bolster Yunnan Yuntianhua's competitive edge and support its long-term sustainable growth.