Shenghe Resources (Lianyungang) New Material Technology Co., Ltd. announced that it has received CNY 647.777 million in funding from Shenghe Resources Holding Co., Ltd, CNNC Huachuang Rare Materials Co., Ltd.

Shenghe Resources Holding Co., Ltd is a China-based company principally engaged in the mining, smelting and separation, and deep processing of rare earth. The Company's main products portfolio consists of rare earth oxide, rare earth salts, rare earth metals, metal catalysts and molecular sieves. The Company distributes its products within domestic market and to overseas markets.