CSRC approved China Uranium Corporation's IPO registration on the Shenzhen Stock Exchange

On September 26, the China Securities Regulatory Commission issued the approval for China Uranium Corporation Limited to publicly issue shares for the first time. It is reported that China Uranium plans to be listed on the Shenzhen Stock Exchange, with China Securities Co., Ltd. as its sponsor, aiming to raise 4.11 billion yuan. The prospectus shows that China Uranium is a mining company focusing on the comprehensive utilization of natural uranium and radioactive associated minerals. During the reporting period, China Uranium mainly engaged in the mining, smelting, sales, and trading of natural uranium resources, as well as the comprehensive utilization and product sales of radioactive associated minerals such as monazite and uranium molybdenum. China Uranium has successfully overcome various difficulties in uranium mining, such as multi-layer mining co-mining, leaching of "three highs" (high calcium, high iron aluminum, high mineralization) uranium ore, and recovery of dispersed ore bodies, forming a complex sandstone uranium mining development technology system represented by CO2+O2 third-generation in-situ leaching uranium technology. The company actively engages in overseas uranium resource development business, with a focus on major uranium-producing areas in Africa and Asia. Among them, the Rssing uranium mine in Namibia, where the company is located, ranked sixth in global uranium mine production in 2022.