[Jiangte Motor has Obtained the Mining Permit for Qiankeng Lithium Mine] Jiangte Motor has issued a notice stating that the company has recently successfully obtained the Mining Permit issued by the Ministry of Natural Resources of the People's Republic of China. It is reported that the mining permit of Qiankeng Lithium Mine covers an area of 1.3826 square kilometers, and its ore resource reserves are considerable. Calculated on the basis of an average grade of Li2O of 0.44%, the ore resource reserves of the mining area are 72.93 million tons; while calculated on the basis of an average grade of Li2O of 0.39%, the ore resource reserves are as high as 126.67 million tons, making it a large-scale lithium mine.

[Jiangte Motor: Obtain Mining License] Jiangte Motor announced that the company recently received the Mining License issued by the Ministry of Natural Resources of the People's Republic of China. The mining area covered by the Xi Keng Lithium Mine license is 1.3826 square kilometers. If the average grade of Li2O is calculated at 0.44%, the ore resource reserve is 72.93 million tons; if the average grade of Li2O is calculated at 0.39%, the ore resource reserve reaches 126.67 million tons, making it a large lithium mine.

Lithium mining stocks fluctuate and rise, Rongjie shares hit the limit up. Zhongkuang Resources rose more than 5%, Tianqi Lithium, Jiangte Motor, Ganfeng Lithium, Shengxin Lithium Energy and other stocks followed suit.

On April 25, many companies in the lithium battery sector reported a loss in the first quarter or profit fell by more than 90% year-on-year. As a result, stocks of many companies fell. Hunan Changyuan Lico Co. tumbled 13% after opening.