Zangge Potash expands Qarhan Salt Lake mining rights, securing key minerals

Zangge Mining Co., Ltd. announced that its wholly-owned subsidiary, Geermu Zangge Potash Fertilizer Co., Ltd., has obtained a "Real Estate Title Certificate (Mining Rights)" and a "Mining Permit" from the Ministry of Natural Resources of the People's Republic of China. These new documents for the Qarhan Salt Lake potassium-magnesium mine expand the subsidiary's operations beyond potash to include associated minerals such as salt, magnesium, lithium, and boron.

The Real Estate Title Certificate (Mining Rights) is valid from August 10, 2025, to December 1, 2029, covering an area of 724.3493 square kilometers and an extraction depth from 2680 meters to 2658 meters above sea level. This expansion is crucial for ensuring the long-term development of potash, securing the company's supply of potassium chloride, and supporting national food security.

The acquisition of these permits also clarifies the company's usufructuary rights for developing lithium resources, providing legal backing for its salt lake lithium business, and promoting the integrated utilization of co-associated minerals to maximize resource value and strengthen core competitiveness. Investors are advised to note that mineral resource development is subject to natural conditions, extraction technology, market demand, and policy changes.