Hainan Mining plans to acquire 69.9% stake in Fengrui Fluorine

Hainan Mining Co., Ltd. announced plans to acquire a total of 69.9% equity stake in Luoyang Fengrui Fluorine Co., Ltd. through a combination of share issuance and cash payment. The company also intends to raise supporting funds by issuing shares to no more than 35 designated investors.

Fengrui Fluorine, located in Luanchuan, Henan, focuses on the investment and development of fluorite mines, as well as the production and sale of fluorite products. Its main products include acid-grade fluorite concentrate, high-grade fluorite lump ore, and anhydrous hydrogen fluoride.

As of the end of 2025, Fengrui Fluorine held eight mining licenses, with proven ore resources of 13.5 million tonnes and contained fluorite of 6.35 million tonnes at an average grade of 47.07%. Both its fluorite reserves and output rank among the leading producers nationwide.