Golmud West Mining Resources Development Co., Ltd announced a private placement of common shares for the gross proceeds of CNY 3,519,480,720 on January 18, 2023. The transaction will include participation from returning investor Western Mining Co.,Ltd. The transaction has been approved in the 22nd session of the company?s 7th directorate and is subject to approval of company?s shareholders. The registered capital of the will increase from CNY 824,369,041 to CNY 4,343,849,761.