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Advised Zijin Mining Group Co., Ltd on the All-Cash Acquisition of Neo Lithium Corp. of Canada

In October 2021, Chungs Lawyers (in association with DeHeng Law Offices) advised Zijin Mining Group Co. Ltd. (stock code: 2899) (“Zijin Mining”) as its Hong Kong counsel on the listing rules compliance relating to proposed acquisition of all of the issued and outstanding common shares of Neo Lithium Corp. (“Neo Lithium”), a lithium mining company in Canada listed on the TSXV (TSXV: NLC), and quoted on the OTCQX over-the-counter market in the United States (code: NTTHF) as well as the Frankfurt Stock Exchange in Germany (code: NE2), for a consideration of approximately CAD$960 million (equivalent to approximately RMB4.939 billion).

Neo Lithium is mainly engaged in the exploration and development of mineral resource properties in Argentina. The core asset of Neo Lithium is the Tres Quebradas Salar lithium brine lake project located in Catamarca Province in the northwestern part of Argentina. Lithium is a strategic mineral resource for new energy, and is also a strategic new energy resource to be developed as designated by the board of Zijin Mining.

Zijin Mining is a China-based company principally engaged in the exploration, mining, smelting and sales of gold and other metal minerals.

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