China Nonferrous Mining Corp. Ltd. (HK:1258) has released an update.
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China Nonferrous Mining Corp. Ltd. has entered into an agreement to purchase over 3,151 metric tons of high-grade copper cathodes from GCM for approximately $29.9 million. This transaction, which involves copper processed by Huachin Leach, highlights the company’s strategic efforts to secure key resources. The purchase agreement is subject to reporting and announcement requirements but is exempt from independent shareholder approval.
For further insights into HK:1258 stock, check out TipRanks’ Stock Analysis page.
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