Gotion High-Tech obtains the third mining right in Yichun, Jiangxi

Recently, Gotion High-Tech Lithium Mine's resource end layout reached the next city. Its controlling subsidiary, Jiangxi Huayou Mining Co., Ltd. (referred to as "Huayou Mining"), successfully passed the relevant approval procedures for the extension of Huayou Mine's mining rights and obtained a new mining license. This is also the third mining right obtained by Gotion High-Tech in Yichun City, Jiangxi Province.

It is reported that Huayou Mining's Huayou Mining project is located in Jingang Village, Shangfu Town, Fengxin County, Yichun City. It has not been mined for many years and the mining area is 3.5003 square kilometers.

In February of this year, Gotion High-Tech established a new Huayou Mining team to fully tackle the continuation of mining rights. With the support of relevant departments in Yichun City, it took less than half a year to obtain an administrative license for the extension of mining rights. The mining rights will continue until 2025, with a designed production scale expanding to 50000 tons per year, and new production capacity is being planned. At present, the Huayou Mining team is accelerating the exploration of mineral resources in the mine and striving for early mining and operation.

In recent years, Gotion High-Tech has actively increased the development of upstream lithium resources. Since settling in Yichun, Jiangxi in 2021, it has successively obtained mining rights for Baishuidong Mine, Shuinan Section Mine, and Huayou Mine in Fengxin County. It has also opened up the entire industrial chain of mining, beneficiation, smelting, batteries, and lithium battery products, forming a scale of tens of billions in the local industry. At present, the Baishuidong Mine in Yifeng County is under mining and production, and the production scale was expanded to 1.5 million tons/year in May this year; The Shuinan section mine in Yifeng County is undergoing infrastructure construction work, with a mining scale designed to be 1.8 million tons per year.