Author: Durian

Highlights12,808,333 warrants issued in the Company's February 2023 private placement financing have been exercised.Total proceeds of $7,684,999.80 have been received.Vancouver, BC, Feb 26, 2025 - (ACN Newswire via SeaPRwire.com) - Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF)(FSE:458) (" Q2 " or the " Company ") is pleased to announce that a total of 12,808,333 share purchase warrants bearing a strike price of $0.60 per share (the "Warrants") were exercised prior to their expiry date. The Warrants were issued in connection with a private placement financing that closed on February 23, 2023. Total proceeds of $7,684,999.80 was received from the exercised Warrants."We are extremely pleased to add the cash proceeds from the exercise of these expiring Warrants to Q2's strong balance sheet. Our fiscal year-end of February 28 will reflect a cash position of approximately $12.3m. Our fully funded 2025 winter drill campaign at Cisco is underway and we look forward to displaying our core and speaking with investors at a very busy PDAC next week," said Alicia Milne, President and Chief Executive Officer of Q2 Metals.Upcoming EventsPDAC Booth and Core ShackThe Company will be attending and exhibiting on site at the 2025 Prospectors & Developers Association of Canada event ("PDAC 2025") in Toronto, ON.Q2 is exhibiting in the Investors Exchange from March 2 - 5, 2025 at booth number 2726 and will also be exhibiting core from the Cisco Lithium Project at the PDAC 2025 Core Shack on March 4 - 5, 2025.For more information on PDAC 2025, please click here.PDAC Quebec Day: Critical & Strategic: Mining in QuébecQ2 Metals is honoured to have been selected to provide a corporate spotlight presentation during Quebec Day at PDAC. Q2 Metals President and CEO Alicia Milne will present at 10:25am on March 4 th in Room 206D.For more information on Quebec Day, click here .About Q2 Metals CorpQ2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project located within the greater Nemaska traditional territory of the Eeyou Istchee Territory, James Bay, Quebec, where drilling is currently underway.The Cisco Project is comprised of 767 claims, totaling 39,389 hectares. The main mineralized zone is just 6.5 kilometres ("km") away from the Billy Diamond Highway and transects the Project. The town of Matagami, which features direct rail link to much of James Bay, is approximately 150 km to the south.Cisco has district-scale potential with an already identified mineralized zone and 2024 discovery drill results that include:120.3 metres at 1.72% Li 2 O (hole CS-24-010);215.6 metres at 1.69% Li 2 O (hole CS-24-018);347.1 metres at 1.35% Li 2 O (hole CS-24-021); and188.6 metres at 1.56% Li 2 O (hole CS-24-023)The Cisco Project is situated along the Frotet Evans Greenstone Belt, comprised of a volcanic package dominated by mafic to felsic metavolcanic rocks, of the southern James Bay Lithium District, the same belt that hosts the Sirmac and Moblan lithium deposits, located 130 km and 180 km away, respectively.FOR FURTHER INFORMATION, PLEASE CONTACT:Alicia MilnePresident & CEOAlicia@Q2metals.comJason McBrideCorporate CommunicationsJason@Q2metals.comChris AckermanCorporate CommunicationsChris@Q2metals.comTelephone: 1 (800) 482-7560E-mail: info@Q2metals.comwww.Q2Metals.comClick to follow us online:X, LinkedIn, Facebook, and InstagramQualified PersonNeil McCallum, B.Sc., P.Geol, a registered permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by NI 43-101 ("QP"), has reviewed and approved the technical information in this news release. Mr. McCallum is a director and VP Exploration for Q2.Forward-Looking StatementsThis news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regarding the geological prospects of the Company's properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions.Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, the focus of the Company's current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company's expectations in connection with the projects and exploration programs being met, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for its recently completed fiscal period, which is available under Company's SEDAR profile at www.sedarplus.ca .Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.SOURCE: Q2 Metals Corp. Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Feb 28, 2025 - (ACN Newswire via SeaPRwire.com) - AEON Credit Service (Asia) Company Limited (“AEON Credit” or the “Group”; Stock Code: 00900) is pleased to announce that it has successfully secured a HK$300 million sustainability-linked loan from a syndicate of nine regional and local banks, further underscoring the Group’s unwavering commitment to integrating sustainability into its business operations.The syndicated sustainability-linked loan, arranged by the Hong Kong Corporate Sales Department of MUFG Bank, Ltd. as the mandated lead arranger and bookrunner, will be used for working capital purposes.The syndicated loan agreement is signed in accordance with the sustainability-linked loan principles (“SLLP”) published by the APLMA, the Loan Market Association and the Loan Syndications and Trading Association, aiming to promote and support environmentally and socially sustainable economic activities and growth. As an incentive for the Group to achieve its sustainability objectives, the loan terms and interest rate payable are linked to the successful attainment of pre-defined sustainability performance targets (“SPTs”), which are assessed through pre-determined key performance indicators (KPIs) covering both environmental and social aspects. Compliance with the SLLP and the reasonableness of the established SPTs are reviewed independently by the third-party assessor Hong Kong Quality Assurance Agency.Mr. Wei Aiguo, Managing Director of AEON Credit, said, “We are delighted to have secured this syndicated sustainability-linked loan, which marks our ongoing efforts in advancing sustainable development. We recognise that environmentally and socially responsible business practices are integral to driving sustainable growth of the Group and creating long-term value for all stakeholders. By aligning our financing initiative with ambitious, material and quantifiable sustainability objectives, we are taking meaningful steps towards driving greater positive environmental and social impact, and reinforcing our accountability and commitment to sustainability. Looking ahead, we will explore further opportunities for sustainable funding, and continue to contribute to a greener and more sustainable future.”About AEON Credit Service (Asia) Company Limited (Stock Code: 00900)AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance intermediary business in Hong Kong and microfinance business in Mainland China.For more information, please visit the company’s website at www.aeon.com.hk. Copyright 2025 ACN Newswire via SeaPRwire.com.

Acquires Mineral Claims Contiguous to the Swanson Gold Project, QuébecVancouver, British Columbia--(ACN Newswire via SeaPRwire.com - February 28, 2025) - LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to provide an update on its plans to restart production activities at its 100%-owned Beacon Gold Mill in Val-d'Or, Québec, Canada (Figure 1 and Figure 2). The Beacon Gold Mill is located in a highly prospective mining region for gold exploration on the mineral-rich greenstone Abitibi Belt, an area with over 100 historical and currently operating mines.BEACON GOLD MILL IS FULLY PERMITTEDThe entirely refurbished Beacon Gold Mill was last fully operational in early 2023 when the price of gold was USD$1,800 per ounce and has been under care and maintenance since that time. As gold approaches a record price of USD$3,000 per ounce, the goal of restarting the Beacon Gold Mill in the coming months is an exceptional opportunity for LaFleur Minerals to also target the custom milling of mineralized material from nearby gold deposits that surround the Beacon Mill. LaFleur Minerals demonstrates significant upside potential by ultimately generating revenue at the current elevated gold prices, with the restart of the Beacon Mill targeting a potential annual production scenario of approximately 30,000 to 40,000 ounces of gold based on the current mill capacity. The Company is currently finalizing the restart costs for the Beacon Mill and expects to have all permits and updates completed by the end of Q2 2025.The entire LaFleur Minerals team has been collectively working toward a successful restart of the Beacon Mill. With the current increase in the price of gold and the fully-permitted Beacon Mill that lies within the prolific Abitibi Gold Belt in the Tier 1 mining district of Val-d'Or, Québec, LaFleur Minerals has a great opportunity to eventually produce gold at Beacon with gold prices at record levels. LaFleur Minerals is now approaching the finish line on many of the fundamental pieces that support this goal including assessing nearby advanced gold deposits and initiating discussions with neighbouring mining companies that could utilize the Beacon Mill to process their bulk samples and future mineralized material through a custom milling agreement for numerous gold deposits in the Val-d'Or region surrounding the Beacon Mill (Figure 3).Paul Ténière, CEO of LaFleur Minerals, stated, "We continue to make great progress in achieving key operational readiness milestones at the Beacon Mill, including ongoing inspections of all equipment and systems and ensuring an adequate supply of spare parts. The highly experienced team at ABF Mines has been diligently working to finalize a detailed plan and the cost to restart the mill with results expected within the next few weeks. We also continue to meet our environmental monitoring and sampling requirements under our permit to operate, which includes completion of fish and wildlife studies within the tailings storage facility (TSF) as required under both provincial and federal environmental regulations. Our consultants are also working with us to evaluate required upgrades to the TSF as we move towards restarting production at the Beacon Mill."SWANSON GOLD PROJECT UPDATEThe Swanson gold project is over 15,000 hectares in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines and Globex Mining. The consolidated Swanson Gold Project covers a major structural break that hosts the Swanson, Bartec, and Jolin gold targets and numerous other showings which make up the Swanson gold project. The Swanson gold project is easily accessible by road with a rail line running through the property, allowing direct access to several nearby gold mills and further enhancing its development potential. The Swanson gold project has had in excess of 36,000m of drilling.The Swanson Gold Deposit hosts:Indicated Mineral Resource:2,113,000 t with an average grade of 1.8 g/t gold, containing 123,400 oz of gold.Inferred Mineral Resource Estimate:872,000 t with an average grade of 2.3 g/t gold, containing 64,500 oz of gold. (MRE source: NI 43-101 technical report, effective September 17, 2024, filed on the Company's SEDAR+ profile).The Swanson Gold Project is located within 50 km of the Company's fully-permitted Beacon Gold Mill, and includes:A mining lease which can be permitted for bulk sampling and future mining scenario.Jolin target (Au): Historical Mineral Resource Estimate(source: GESTIM -1996, GM62629 - historical estimate not compliant with NI 43-101)Bartec target (Au): Historical Mineral Resource Estimate.(source: GESTIM - DV 87-01 - historical estimate not compliant NI 43-101)Recent Exploration Activities:High-resolution airborne magnetics and VLF-EM geophysics program:Completed over the entire Swanson Gold Deposit.Oriented soil geochemistry and prospecting program:Conducted by IOS Géosciences (IOS), with final assay results pending.Induced Polarization (IP) - Resistivity Ground Geophysics Survey:A total of 166 line-km will be surveyed in February 2025 at 200 m line spacings.This will cover the Swanson, Bartec, and Jolin deposits, all of which are advanced gold targets with current and historical mineral resources.LaFleur Minerals is currently working with its consultants to expedite permitting of the Swanson Gold Project with a focus on evaluating its potential to supply mineralized material to the Beacon Gold Mill.LaFleur Minerals is also completing an IP ground geophysics survey on its Swanson Gold Project and is planning an aggressive drilling program for this spring and summer to increase the existing mineral resource for the project including incorporating the Bartec, Jolin, and other gold targets. Other ongoing work includes evaluating the open-pit mining potential of the mining lease at the Swanson gold deposit and planning to advance to a Pre-Feasibility Study and mine permitting.ACQUIRES ADDITIONAL CLAIMS ADJOINING THE SWANSON GOLD PROJECTThe Company is also pleased to announce that it has entered into a Property Purchase Agreement with third-party arm's length vendors (the "Vendors") dated February 28, 2025 (the "Agreement"). Under the terms of the Agreement, the Company is entitled to acquire 100% interest to 17 mining claims covering approximately 699 hectares (the "Claims") contiguous with the Company's Swanson Gold Project ("Swanson") in the Barraute region, north of Val-d'Or, Québec. These Claims are located east of the Swanson gold deposit and mining lease held by LaFleur Minerals.The acquisition terms for the Claims consists of a cash payment totaling $15,000 and the issuance of 150,000 common shares of the Company to the Vendors within 7 business days of approval of the Agreement by the Canadian Securities Exchange ("CSE"). The common shares issued under the Agreement are subject to a statutory hold period in Canada expiring four (4) months and one day from the closing date.For further background information on the Beacon Gold Mill and Swanson Gold Project please refer to the Company's website and recent videos at the following link: https://lafleurminerals.com/valdor.LAFLEUR MINERALS ATTENDING PDAC CONFERENCE IN TORONTO - MARCH 2 TO 5Connect with LaFleur Minerals CEO, Paul Ténière, Technical Advisor/Exploration Manager, Louis Martin, and Senior Advisor, Jean LaFleur, March 2 to 5 at the Toronto Metro Convention Centre for a 1-on-1 meeting to discuss the Company's recent developments and plans moving forward for its Swanson Gold Project and Beacon Gold Mill. Contact info@lafleurminerals.com to book in advance.Figure 1: Photo of interior of Beacon Mill currently undergoing detailed inspections for restartTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6526/242940_2cb6b54a047c48d9_001full.jpgFigure 2: Photo of exterior of Beacon Mill in Val-d'Or, Québec To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6526/242940_2cb6b54a047c48d9_002full.jpgFigure 3: Map of nearby gold deposits within a 50 km radius of the Beacon Gold MillTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6526/242940_2cb6b54a047c48d9_003full.jpgQualified Person Statement All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo., Technical Advisor to the Company and considered a Qualified Person for the purposes of NI 43-101.About LaFleur Minerals Inc.LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold Deposits in the Abitibi Gold Belt near Val-d'Or, Québec. Our mission is to advance mining Deposits with a laser focus on our resource-stage Swanson Gold Deposit and the Beacon Gold Mill and Property, which have significant potential to deliver long-term value. The Swanson Gold Deposit is over 15,000 hectares (150 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings that make up the Swanson Gold Deposit. The Swanson Gold Deposit is easily accessible by road with a rail line running through the property allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Minerals' fully-refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold Deposits.ON BEHALF OF LAFLEUR MINERALS INC.Paul Ténière, P.Geo.Chief Executive Officer E: info@lafleurminerals.comLaFleur Minerals Inc.1500-1055 West Georgia StreetVancouver, BC V6E 4N7Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.Cautionary Statement Regarding "Forward-Looking" Information This news release includes certain statements that may be deemed "forward-looking statements". Forward-looking statements in this news release include, but are not limited to, statements about the Offering and the Company's expectations with respect to the foregoing. Factors that could cause future results to differ materially from those anticipated in forward-looking statements in this news release include the tax treatment of the FT Shares. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, political and regulatory risks associated with mining and exploration, risks related to environmental regulation and liability. the potential for delays in exploration or development activities or the completion of feasibility studies, risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits, risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, results of prefeasibility and feasibility studies, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242940 Copyright 2025 ACN Newswire via SeaPRwire.com.

BUDAPEST, HUNGARY, Mar 1, 2025 - (ACN Newswire via SeaPRwire.com) - INDEX HUNGARIAIndexHU (Hungaria): Mr Heit, thank you very much for taking the time for this interview. Investments in fintech seem to be on the rise again worldwide. How do you see this?Josip Heit: Thank you very much for the invitation. Fintechs have reconfirmed their status as a promising growth sector after a period of investment restraint. We are seeing an upward trend in venture capital financing, particularly in Asia and the United States. Current data from CB Insights and Bloomberg confirm this upswing.IndexHU (Hungaria): To what extent do geopolitical factors and the economic climate influence the fintech market?Josip Heit : Geopolitical tensions can certainly have an on investment decisions and regulatory frameworks. However, the recent easing in certain regions and ongoing digitalisation have strengthened fintech activities overall. In addition, investors and consumers are often looking for more flexible financial solutions in times of higher inflation.IndexHU (Hungaria): Some analysts believe that falling interest rates and better opportunities to raise capital could give fintech companies a strong boost. Do you agree?Josip Heit: Definitely. Low interest rates reduce the cost of borrowing and therefore enable fintechs to grow faster. We are also observing that institutional investors are increasingly channelling funds into technology projects, which greatly benefits fintech start-ups.IndexHU (Hungaria): Payments and wealthtechs appear to be experiencing a strong recovery. What are the reasons for this?Josip Heit : The pandemic has accelerated the global spread of digital payment methods and this trend is continuing. Wealthtechs are benefiting from the fact that private and institutional investors increasingly want to organise their wealth management digitally.IndexHU (Hungaria): How do you assess the cooperation between fintechs and US banks and the future of open banking?Josip Heit : Clearer regulatory requirements have intensified cooperation. Traditional banks benefit from innovations, while fintechs can draw on established customer bases. Open banking promotes transparency and competition. Under Donald Trump's second presidency, fintech companies have gained additional influence in Washington, which may accelerate regulatory development.IndexHU (Hungaria): Recently, regulators in thirty-five US states and Canadian provinces reached an agreement with GSB Germany, the company you founded. Can you explain the most important points?Josip Heit: Of course. The agreement does not provide for any fines, but enables eligible customers in these jurisdictions to receive refunds. An independent administrator, AlixPartners, will take over the settlement of the claims, which started on 21 February 2025 and will end on 22 May 2025. We see this as a constructive solution that reaffirms our commitment to our community.IndexHU (Hungaria): How do you think this agreement will affect GSB Germany's position in the fintech sector?Josip Heit: Our priority is transparency and compliance. By reaching this agreement, we want to strengthen GSB Germany's reputation and focus on providing forward-looking, solid technological solutions to our trusted partners. We have also expressed our willingness to settle with any other US or Canadian regulator on the same terms.IndexHU (Hungaria): Finally, how would you describe the role of unicorns in the fintech sector?Josip Heit : Unicorns attract a lot of attention due to their valuations and illustrate the rapid growth of the industry. Nevertheless, they have to prove the long-term viability of their business models.IndexHU (Hungaria): Mr Heit, as an expert in technological solutions for the fintech industry, thank you for the interview.The information provided in this interview is for general information purposes only and does not constitute financial, investment, legal or other professional advice. Readers should not the content as a reliable basis for financial decisions or forecasts.Press contact:INDEX HUNGARIABalatoni út 2-a-1St FloorB ÉpületBudapest, 1112, HungaryPhone: +36 1 621 0000https://www.IndexRSS.comPresse@IndexRSS.comSOURCE: INDEX HUNGARIA Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Feb 27, 2025 - (ACN Newswire via SeaPRwire.com) - Chifeng Jilong Gold Mining Co., Ltd. (“Chifeng Gold”), the largest non-state owned gold producer in China, today announced the details of the proposed listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEX”).Chifeng Gold intends to offer an aggregate of 205,652,000 H Shares (subject to the Offer Size Adjustment Option and the Over-allotment Option), of which 20,565,200 H Shares will be for the Hong Kong Public Offering (subject to reallocation and the Offer Size Adjustment Option), and 185,086,800 H Shares will be for the International Offering (subject to reallocation, the Offer Size Adjustment Option and the Over-allotment Option). The Offer Price ranges from HK$13.72 to HK$15.83 per H Share. Assuming that the Over-allotment Option is not exercised, after deducting the underwriting commissions and other estimated offering expenses payable by Chifeng Gold in connection with the Global Offering, and assuming an Offer Price of HK$14.78 per Share (being the mid-point of the indicative Offer Price range), the estimated net proceeds from the Global Offering will amount to approximately HK$2,886.8 million. As part of the Global Offering, Chifeng Gold has the Offer Size Adjustment Option under the Hong Kong Underwriting Agreement, pursuant to which, Chifeng Gold may issue and allot any number of up to an aggregate of 30,847,800 H Shares, representing approximately 15% of the Offer Shares initially offered under the Global Offering, at the Offer Price, to cover additional market demand, if any.The Hong Kong Public Offering will commence on 28 February 2025 (Friday) and will end at noon on 5 March 2025 (Wednesday). Dealing of Chifeng Gold’s H Shares is expected to commence on the Main Board of HKEX on 10 March 2025 (Monday) under the stock code 6693, with each board lot size at 200 H Shares.CITIC Securities (Hong Kong) Limited is the Sole Sponsor. CLSA Limited is the Sponsor-Overall Coordinator, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager. Macquarie Capital Limited is the Overall Coordinator, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager. China International Capital Corporation Hong Kong Securities Limited is the Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager.Investment HighlightsChifeng Gold is the largest non-state owned gold producer in China and is mainly engaged in the mining, processing and sales of gold. Its gold Resources and gold production rank fifth among the gold producers in China. Currently, Chifeng Gold owns and operates six gold mines and one polymetallic mine across the world, including China, Southeast Asia, and West Africa. For the three financial years ended 31 December 2023, Chifeng Gold’s total revenue continued to grow, reaching approximately RMB3,782.6 million, RMB6,266.8 million and RMB7,221.0 million, respectively. For the nine months ended 30 September 2024, Chifeng Gold’s total revenue amounted to RMB6,222.8 million.China’s largest non-state owned gold producer with leading production and revenue growth and promising market prospectsFrom 2021 to 2023, Chifeng Gold’s gold production has grown rapidly, with total gold production volume of 260 koz, 436 koz and 461.5 koz, respectively, which represents a CAGR of 33.1%, making it the leading gold producer in terms of gold production growth rate in China during the period. In addition, Chifeng Gold’s domestic gold mines have relatively high ore grades, making them some of the top-tier deposits in China. According to Frost & Sullivan, as of 31 December 2023, Chifeng Gold’s major domestic gold mines, namely the Jilong Gold Mine, Wulong Gold Mine and Huatai Gold Mine, had the highest gold grades among the top five gold producers in China.Chifeng Gold has high visibility and certainties in its production expansion plans for its gold mines and aims to achieve Resources and Reserves enhancement through exploration activities. In terms of overseas gold assets, Chifeng Gold is accelerating the construction of the open-pit and underground mining projects of the Sepon Gold and Copper Mine, which is expected to increase the annual underground mining capacity from the current 536,000 tonnes to 806,000 tonnes by 2025. Meanwhile, Chifeng Gold is accelerating the modelling and study of exploration prospects at Discovery West Deeps and Phavat North with open-pit and underground mining potentials. The annual underground mining capacity is expected to be further increased after 2026 and 2027. In terms of domestic gold assets, Chifeng Gold’s Wulong Gold Mine has been undergoing several technological improvement projects. It is estimated that the annual processing capacity of the Wulong Gold Mine will increase from 578,000 tonnes to approximately 700,000 tonnes by the end of 2024. At the same time, Chifeng Gold has also initiated an expansion project at the Jilong Gold Mine to increase its annual mining capacity to approximately 300,000 tonnes by the end of 2025.Excellent track record of identifying acquisition targets, executing transactions and integrating businesses, with rich overseas experience and strong international reputationChifeng Gold believes that a core competitiveness metric of gold companies is the ability to continuously obtain high-quality mineral resources. Newly discovered gold deposits in China have been limited in recent years, and the grade of gold is generally at a relatively low level. As a result, in addition to developing its existing gold mines in China, Chifeng Gold has strategically focused its expansion plan on identifying and acquiring suitable and high-quality overseas assets to maintain a sustainable growth. As of 30 September 2024, its overseas assets accounted for approximately 65.2% of its total assets, and its overseas revenue accounted for approximately 71.2% of its total revenue. According to Frost & Sullivan, Chifeng Gold is the gold company in China with the greatest overseas presence both in terms of overseas assets contribution as of 31 December 2023 and in terms of overseas revenue contribution in 2023.Chifeng Gold’s management team has profound experience in overseas acquisitions and is highly competent in integrating and operating acquired overseas assets and can leverage its advantages in overseas expansion to achieve sustainable and efficient growth. Similar to Chifeng Gold’s acquisition of the Sepon Gold and Copper Mine in Laos in 2018 and the Wassa Gold Mine in 2022, Chifeng Gold was one of the first large-scale Chinese mining companies operating in Ghana. Chifeng Gold has continued to promote an inclusive culture and localized management and operation concepts during the integration process, establishing a sound relationship with the local governments and local communities, and earning accolades for contributing to regional development. Continuously improving the cost curve to enhance efficiency through technological upgrade and to drive profitabilityChifeng Gold continues efforts to reduce costs and increase the efficiency of its operations, aimed at achieving and maintaining a more favorable position on the cost curve relative to its industry peers. Chifeng Gold’s operational efficiency enhancement surpassed the worldwide industry average by a notable margin and is positioned lower in terms of gold AISC than that of the global average. As of 31 December 2023, Chifeng Gold’s gold AISC stood at US$1,179.1 per ounce, placing it in the first quartile in the worldwide industry, while the global average for the same period was approximately US$1,348.5 per ounce, which is 14.4% higher than Chifeng Gold’s. In 2023, Chifeng Gold decreased its gold AISC by 12.0%, whereas the average AISC for international gold producers increased by 7.2% during the same period.As for the overseas operation, Chifeng Gold has made significant progress in reducing unit costs at the Sepon Gold and Copper Mine through improvements in gold recovery rates and the implementation of underground mining projects. Chifeng Gold also adopted a series of capital investments and operational improvements which were completed to debottleneck process constraints and improve plant reliability and efficiency. Besides, it optimized procurement channels, enhanced material utilization, and increased production capacity. In terms of domestic operation, Chifeng Gold has sought to continuously improve its operational efficiency and recovery rate at its mines through incremental changes and investments. The operational effect of these continuous improvements is evident from the fact that in 2023 Chifeng Gold’s PRC Gold Mines recorded an average gold AISC of approximately US$877.4 per ounce, showing a year-on-year decrease of 27.2%.Strong social responsibility and solid commitment to promoting green and sustainable development with high ESG standardsChifeng Gold attaches great importance to the environment and workplace safety, cares about the people and communities in which it operates and actively fulfills its social responsibilities. International industry standards and best international practices are applied in Chifeng Gold’s overseas mines and the same standards are adopted in its domestic mines on a step-by-step basis. For example, Chifeng Gold executes relevant ESG procedures in accordance with the standards required by the World Gold Council (WGC) and the United Nations Global Compact (UNGC) and publishes ESG reports regularly. Chifeng Gold’s commitment to sustainable development and its focus on diversity and inclusion have been acknowledged through various honors and ratings.Seasoned and dedicated management team with a proven track record in mine operationsChifeng Gold has assembled a highly skilled and experienced team of industry and capital markets experts, covering a broad range of disciplines, including, corporate management, mining, processing, geology, finance, and law, among other areas. Mr. Wang Jianhua, Chairman and Executive Director of Chifeng Gold, is a transformative and efficient leader who is renowned for his exceptional leadership skills within major corporate entities, brings a wealth of experience in management and corporate governance which is characterized by an emphasis on employee safety and welfare. Mr. Wang successfully led and managed a drilling program through 2021 to 2022 in the Dandong area that set a record-breaking depth of 3,003 meters, which introduced a new era of deep-drill gold exploration in China’s northeast region. Ms. Yang Yi-fang, Chief Executive Officer and Executive Director of Chifeng Gold, has extensive managerial experience in the global mining industry, Hong Kong listed companies and capital markets in general. Since joining Chifeng Gold, Ms. Yang has implemented a series of management and operational changes to strengthen the Company’s cashflow management, internal control and corporate governance, and championed technological upgrades across its operations throughout the world to minimize costs, improve mine recovery rates, advance operational excellence, and improve employee health and safety.Business StrategiesContinue to increase Ore Reserves through exploration activities and expand production volume at existing mines to realize full growth potentialChifeng Gold’s existing mines at home and abroad are situated in favorable mineralization environments, showcasing significant exploration prospects across the majority of the relevant mining regions. Therefore, Chifeng Gold plans to further maximize the potential of its existing mines by continuous production expansion, further exploration and Reserve enhancement:- Wulong Gold Mine: Chifeng Gold has identified several areas of gold mineralization in its mining area and its peripheral areas, which is a precursor to exploration and reserve enhancement in its deep and peripheral areas. Chifeng Gold is advancing underground development projects to increase its annual processing capacity to approximately 700,000 tonnes by the end of 2024. The mine’s average daily processing capacity increased to over 1,800 tonnes in the second half of 2023. Chifeng Gold will also continue to dedicate resources to exploration and reserve enhancement to tap into the potential of resources in the deep and peripheral areas. Chifeng Gold is also cooperating with the China Geological Survey Bureau Shenyang Geological Survey Center, which is expected to strengthen the exploration foundation.- Jilong Gold Mine: Chifeng Gold has achieved promising results in both peripheral and deep drilling programs, including the discovery of industrial ore bodies in six drill holes. Chifeng Gold completed a 180,000-tonne processing plant expansion project and commenced trial production in June 2024. Chifeng Gold plans to increase its annual mining capacity to approximately 300,000 tonnes by the end of 2025. Construction of a new tailings storage facility has commenced, with other construction projects progressing as planned. Chifeng Gold has entered into a framework agreement with Aohanqi Longxing Resources Development Company Limited, which is expected to expand its exploration area.- Huatai Gold Mine: The expansion project is currently under construction, and it will initiate a comprehensive transformation of the mine’s infrastructure and the commencement of shaft engineering construction by the end of 2024. Infrastructure development is expected to be nearly complete by the end of 2026, with the Huatai Gold Mine gradually resuming mining operations in 2026. Upon completion, the annual mining capacity is expected to increase by an additional 30,000 tonnes.- Sepon Gold and Copper Mine: Chifeng Gold will continue its further construction and production expansion plans for the underground mines and proceed with exploration in the peripheral areas of the mine. Chifeng Gold is also conducting a series of research projects at the underground copper mine and open-pit copper mine to increase gold and copper Reserves and further improve ore processing recovery rates.- Wassa Gold Mine: Chifeng Gold will further expand its mining and processing capacity with the goal of developing the Wassa Gold Mine into a large-scale gold mine. Chifeng Gold expects to achieve (i) annual processing capacity of approximately 3.3 million tonnes, and (ii) annual gold production of 350 koz by the end of 2028. Chifeng Gold will also carry on its exploration of the peripheral areas of the Wassa Gold Mine for more Resources and Reserves as well as a longer mine life.Continue to obtain Resources and Reserves and increase production volume through domestic and overseas acquisitions of high-quality gold assets for robust and sustainable growthChifeng Gold will remain focused on quality assets at home and abroad to further expand the amount and production scale of gold Resources and further consolidate and strengthen its market position. Chifeng Gold evaluates potential acquisition targets based on four key factors, namely (1) asset quality and production volume, (2) asset location, (3) asset stage, and (4) equity stake of assets. At the same time, it intends to persist in acquiring further cutting-edge, international technologies and mining management techniques, operational models, and global talent through overseas acquisitions for its long-term development. Chifeng Gold also actively implements international strategies and progressively infuses ESG principles into all facets of its mining production and operations across the world. As a prominent national gold enterprise in China with a strong international outlook, Chifeng Gold joined the Shanghai Gold Exchange as a full-fledged member in 2023 and has won multiple national accolades and awards for its efforts in promoting mining safety, environmental protection and sustainable development.Continue to improve production efficiency, reduce costs and increase profitabilityWith the current industry trend of increasing overall costs in the gold mining sector and the scarcity of high-grade Mineral Resources, Chifeng Gold recognizes the critical importance of enhancing operational efficiency, reducing expenses, and boosting profitability for its long-term sustainability. Chifeng Gold’s strategies include the continuous exploration of innovative technologies and a dedicated focus on cost-cutting measures such as centralized procurement, organizational streamlining, workforce optimization, and prudent assessment of gold production and pricing strategies.Chifeng Gold has utilized its global centralized procurement center in Shanghai for its domestic and overseas mines and intends to effectively control and reduce procurement costs through centralized procurement and resource optimization to secure low prices and favorable contractual terms. In addition, it intends to consistently apply tailored strategies based on the specific circumstances of each mine to reduce costs and enhance efficiency, and to continue research into processing technologies to optimize Resource utilization. In addition to cost reduction and efficiency improvement, Chifeng Gold will also strive to enhance operational efficiency, especially after the acquisition of new assets. It will improve the corporate framework to lower administrative expenses and identify other cost-saving methods to support its commitment to prudent financial stewardship and the enduring success of its business.Adhere to the corporate culture of “Mutual Prosperity and Development” and improve ESG governanceChifeng Gold firmly believes that highly efficient systems and mechanisms are key factors for achieving continuous business growth and success in the global gold mining industry. Therefore, it will continue to value and realize the corporate culture of “Mutual Prosperity and Development”. Looking ahead, Chifeng Gold will further expand the scope of equity incentives and offer equity or phantom stock incentives to domestic and overseas teams to enhance employee engagement and performance.Chifeng Gold will also consider the environment and safety, caring for employees and the community, and assuming social responsibility as important goals for its corporate development initiatives. Chifeng Gold is committed to energy saving and emissions reduction, and its mining activities are shifting to cleaner and more efficient energy sources. In particular, the Jilong Gold Mine is planning to build a 10-megawatt solar power plant, and the Wulong Gold Mine, Sepon Gold and Copper Mine, and Wassa Gold Mine are also actively planning to develop renewable energy systems. Going forward, Chifeng Gold aims to expedite the advancement of new energy infrastructure, actively participate in low-carbon transitions, systematically and gradually phase out fossil fuels through diverse clean energy blends, and realize the transition to substantial decarbonization.Use of ProceedsAssuming that the Over-allotment Option is not exercised, after deducting the underwriting commissions and other estimated offering expenses payable by Chifeng Gold in connection with the Global Offering, and assuming an Offer Price of HK$14.78 per Share (being the mid-point of the indicative Offer Price), Chifeng Gold estimates that the net proceeds will be approximately HK$2,886.8 million from the Global Offering. Chifeng Gold intends to use the net proceeds from the global offering for the following purposes, subject to adjustment based on Chifeng Gold’s evolving business needs and changing market conditions:PurposePercentage- To be used over the next five years to upgrade and explore existing mines to fully realize Chifeng Gold’s growth potentialApproximately 50%- To be used over the next three years to acquire sizable, high-quality mining assets preferably with open-pit mines in countries with mature mining industries and stable policies on mining industriesApproximately 40%- To be used for general corporate purposesApproximately 10%About Chifeng Jilong Gold Mining Co., Ltd.Chifeng Gold is the largest non-state-owned gold producer in China, mainly engaged in the mining, processing and sales of gold, with leading growth in gold production. As of 10 February 2025, Chifeng Gold owned and operated six gold mines and one polymetallic mine across the world, including China, Southeast Asia, and West Africa. Chifeng Gold has experienced the fastest growth among major gold producers in China and ranks fifth among gold producers in China in terms of gold resources. Chifeng Gold’s A Shares are listed on the Shanghai Stock Exchange under stock code 600988.[1] According to Frost & Sullivan, in 2023, (i) Chifeng Gold ranked fifth among gold producers in China in terms of gold Resources, with gold Resources of 13.6 million oz; and (ii) Chifeng Gold ranked fifth among gold producers in China in terms of gold production, with production of 461.5 koz of gold.[2] According to Frost & Sullivan.[3] According to Frost & Sullivan.[4] According to Frost & Sullivan, in 2023, (i) Chifeng Gold ranked fifth among gold producers in China in terms of gold Resources, with gold Resources of 13.6 million oz; and (ii) Chifeng Gold ranked fifth among gold producers in China in terms of gold production, with production of 461.5 koz of gold.Past performance is no guarantee of future results. In evaluating Chifeng Gold’s business, prospective investors should carefully consider the information provided in the Prospectus, including, but not limited to, the sections headed “Risk Factors” and “Business.” Prospective investors should make an independent assessment of the merits, risks or otherwise of any investment in the shares of the Company and should seek third-party professional advice. The Company assumes no responsibility to update forward-looking statements or to adapt them to future events or developments. Capital at risk. Copyright 2025 ACN Newswire via SeaPRwire.com.