HANRUI COBALT has recently disclosed its strategic blueprint to issue A-shares to a select group of investors, with the ambitious goal of raising a maximum of RMB 2.353 billion. These funds are earmarked for the development of a cutting-edge project, designed to annually produce 40,000 tons of electrodeposited nickel and an equivalent amount, 40,000 tons, of battery-grade nickel sulfate. Additionally, a portion of the proceeds will be utilized to bolster the company's working capital, ensuring smooth operational flow.
