Ann: MOU with Yahua to Acquire and Develop. Lithium Projects, page-29

Yahua Group is an A-share listed company on the Shenzhen-stock exchange in China, with a market capitalisation approx. RMB 36.3 billion (A$7.7 billion), principally engaged in the manufacture and sales of civil explosives and of lithium salt products.

Yahua Group is one of China’s major lithium hydroxide and lithium carbonate producers, with existing operations of a 43,000tpa refinery for lithium carbonate, lithium hydroxide and other lithium products, and is in expansion for a further 50,000tpa of lithium hydroxide and 1,000tpa of lithium metal by 2025.

Yahua Group has a strong customer base including Tesla, BYD Auto, Zhenhua E-Chem and Sinopec. Yahua is a wholly owned subsidiary of Yahua Group, and is a vehicle of Yahua Group engaged in investment.

Yahua is a major shareholder of Core Lithium Ltd, and a major offtake customer of Orocobre Ltd (Previous Galaxy Resources Ltd).

HUGE POTENTIAL!! DYOR