On December 31, Korea Zinc announced that due to changes in the final issue price per share and exchange rates, it has adjusted the size of its stock issuance from KRW 2.85 trillion to KRW 2.833 trillion (approximately US$1.94 billion). The company stated in a regulatory filing that the funds will be used to construct a non-ferrous metal smelter in Tennessee, USA, to produce core minerals such as antimony and gallium.
