$CHJI: Chinese need lithium more than ever.... for EVs
How many EV manf'gers there now ??
NIO, XPEV, LI, Geely, FDG Electric.
Lithium MINING gonna be HUGE !!!!!!!!!
Now at $0.13
GO $CHJI
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China Changjiang Mining & New Energy Co.Ltd was incorporated under the laws of the State of Delaware in 1969. The Company changed its name from North American Gaming and Entertainment Corporation on August 2, 2010 in connection with its merger with China Changjiang. The Company changed its name from Western Natural Gas Company to North American Gaming and Entertainment Corporation on October 17, 1994 in connection with its merger with OM Investors, Inc.
On February 4, 2008, the Company acquired Hongkong Wah Bon Enterprise Limited (Wah Bon) and its three subsidiaries: Shaanxi Tai Ping Yang Xin Neng Yuan Development Company Limited (Tai Ping Yang); Shaanxi Chang Jiang Si You Neng Yuan Fa Zhang Gu Feng You Xian Gong Si (Chang Jiang); and Dongfang Mining Company Limited (Dongfang Mining). Wah Bon owns 100% of Tai Ping Yang. Tai Ping Yang owns 97.2% of Chang Jiang; and Chang Jiang owns 60% of Dongfang Mining. Since the acquisition of Chang Jiang, the Company's primary business activity is exploration and it expects to begin mining, processing and distributing gold, zinc, and lead in 2009.
Currently all of its business is in the Shaanxi Province, China. It has engaged in exploration and expect to begin to operate mines in the Qinba Mountain Area at a geologic junction of 'Shan, Zha, Zhen, Xun', which are the four primary metallogenic prospective areas in the Shaanxi Province. This region has historically contained reserves of high-grade minerals of gold, lead and zinc. In 2007 Chang Jiang engaged in a series of acquisitions, divestitures and exchanges that reorganized the Company so that its operations are now mainly mining lead, zinc and gold in an 67.82 sq. km area in Jiao Shan Zhai, Guo Jia Ling, Xunyang County, in the Shaanxi Province of China.
The Company's competitors in the nonferrous metals markets are expected to be local and regional mining enterprise. Other companies in China that mine lead and zinc include Dongshengmiao Mining Industry Co, Ltd, Wancheng Trading & Mining Co., Ltd., Xinjiang Wuqia Tianzhen Mining Co., Ltd., and Wulatehouqi Qingshan Nonferrous Metal Development Co., Ltd. The Company is subject to PRC national and local environmental protection regulations which currently impose fees for the discharge of waste substances, require the payment of fines for pollution, and provide for the closure by the PRC government of any facility that fails to comply with orders requiring it to cease or improve upon certain activities causing environmental damage.
