Xinjin Road: The project of transforming mining for 600,000 tons per year is still under construction and has not yet reached production and efficiency.

New Jinlu, which has seen two consecutive days of trading limit up, announced a price movement on June 14th. On December 30, 2025, the company disclosed the announcement of the implementation of the first phase of investment in mining, dressing, and smelting projects by its subsidiary Guangxi Nonferrous Limu Mining Co., Ltd. The investment includes the implementation of a 600,000 tons/year mining transformation project, a 1.5 million tons/year dressing project, and the first phase of a comprehensive utilization of tantalum-niobium resources smelting project. Since obtaining the "commencement order" in January 2026, the above project is being promoted according to the plan and requirements. The project is still under construction, has not reached production and effectiveness, and has not generated any performance. The subsequent approval procedures are still being processed.