Welcome to our dedicated page for China Natural Resources news (Ticker: CHNR), a resource for investors and traders seeking the latest updates and insights on China Natural Resources stock.
China Natural Resources Inc (CHNR) provides investors with comprehensive access to official company announcements and market-moving developments. This centralized resource aggregates all material disclosures from the Hong Kong-based investment holding company, spanning its wastewater treatment operations and mining exploration activities.
Key updates include quarterly financial results, strategic partnerships in environmental infrastructure, mineral resource assessments, and regulatory filings. Investors gain direct access to primary source documents including earnings releases, project commissioning notices, and corporate governance updates.
The archive maintains chronological organization of press releases detailing equipment deployments in wastewater management, mining license acquisitions, and operational expansions. Content is rigorously verified against original corporate disclosures to ensure accuracy and timeliness.
Bookmark this page for streamlined monitoring of CHNR's dual-segment developments in environmental technology and natural resource extraction. Regular updates provide critical insights into the company's operational footprint across China's industrial and mining sectors.
China Natural Resources (NASDAQ: CHNR) has received an additional 180-day extension from Nasdaq's Listing Qualifications Department to regain compliance with the $1.00 minimum bid price requirement. The new compliance deadline is June 30, 2025. The company's shares continue trading on the Nasdaq Capital Market under 'CHNR'.
To regain compliance, CHNR must maintain a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days before June 30, 2025. If compliance is not achieved by the deadline, the company will receive a delisting notice but may appeal to a Nasdaq Hearings Panel. CHNR plans to monitor its share price and consider options to address the deficiency within the compliance period.
China Natural Resources (NASDAQ: CHNR) reported its financial results for H1 2024. The company reduced its net loss to CNY0.12 million (US$0.02 million) compared to CNY9.46 million in H1 2023. Administrative expenses decreased to CNY4.00 million (US$0.55 million) from CNY4.88 million in 2023. The company recorded a fair value gain on financial instruments of CNY3.86 million (US$0.53 million) compared to a loss of CNY0.09 million in the previous year.
The company continues to focus on exploration activities at the Wulatehouqi Moruogu Tong Mine, though its William Minerals acquisition faces delays. As of June 30, 2024, CHNR maintained a cash position of US$1.21 million.
On July 5, 2024, China Natural Resources (NASDAQ: CHNR) received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's common shares closed below $1.00 for 30 consecutive business days. Despite this, CHNR shares will continue trading on Nasdaq without immediate effects. The company has a 180-day grace period until January 2, 2025, to meet the bid price requirement. If the closing bid price reaches at least $1.00 for ten consecutive business days within this period, the compliance issue will be resolved. If compliance is not regained, an additional 180-day grace period might be granted.
China Natural Resources Inc. (CHNR) reported its full-year 2023 results, highlighting a decrease in administrative expenses, an increase in other income, a decrease in fair value gain on financial instruments, and a net loss reduction. The company's focus on exploration activities, the disposition of Shanghai Onway Environmental Development Co., , and a direct placement of common shares to institutional investors are seen as strategic moves to strengthen the company's position and build value for shareholders.
China Natural Resources, Inc. (CHNR) has successfully completed its due diligence and is set to acquire Williams Minerals (Pvt) Ltd, which holds a mining permit for a lithium mine in Zimbabwe. The company will pay a US$35 million deposit via promissory notes to the sellers, Feishang Group Limited and Top Pacific (China) Limited, by April 21, 2023. The total potential consideration for the acquisition could reach US$1.75 billion, based on future independent technical reports assessing lithium resources. However, the completion of this transaction is contingent on several conditions, including the issuance of these reports and the determination of lithium quantities. The acquisition is expected to enhance CHNR's long-term growth strategy in the natural resources sector.
China Natural Resources (NASDAQ: CHNR) announced a 5-for-1 share combination effective April 3, 2023, to increase its share price to meet the $1.00 minimum bid price requirement for continued Nasdaq listing. All shares will be automatically converted, with fractional shares rounded up. This adjustment will not change shareholders' overall interest in the company. The company currently has approximately 8,189,617 shares outstanding following the combination. CHNR is also pursuing the acquisition of Williams Minerals, a lithium mine in Zimbabwe, for up to $1.75 billion, expected to close in Q2 2023.
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