China’s Jien Nickel Industry acquire Canadian Lithium Company for 513 million yuan

Jien Nickel Industry: 513 million yuan acquisition of Canadian Lithium miner

Date: June 27, 2016
Source: Company “Jilin Jien Nickel Industry Co., Ltd.”

The following is roughly translated from the Chinese text from Jilin Jien’s website. Regardless, it provides some information that may be of interest for lithium investors in Canada as well as for investors in companies with properties in the surrounding area. Ex: neighboring mining company Fairmont Resources (FMR:tsxv) has two claims bordering both the north and south of Jilin Jien’s new project.

June 24, 2016 release night announced that its wholly owned subsidiary “Jean international investment Limited” to establish a wholly-owned subsidiary, 9554661 Canada Inc. and RB Energy Inc., Quebec Lithium Inc. liquidation receiver KSV Kofman Inc. signed an “asset purchase agreement” to acquire Quebec Lithium Inc the main assets of.

The amount of the acquisition of assets of about 100 million Canadian dollars (equivalent to about 513 million yuan), the company completed the acquisition date will pay about 30 million Canadian dollars, while the remaining debt inherited Quebec Lithium Inc., the latter in the period with creditors negotiated repayment period. Public information, Jien Nickel owners to engage in nickel sulfate, nickel matte, electrolytic nickel, nickel hydroxide, nickel chloride, copper sulfate, copper sulfate, nickel carbonyl, carbonyl iron and other products production and sales.
Quebec Lithium owners want to have in Quebec La Corne lithium ore project (hereinafter referred to as “lithium ore project”), the project in October 2013 completed and started trial production in October 2014 due to funding problems discontinued. In November 2014, thus entering the Quebec Lithium debt restructuring stage, in May 2015 into liquidation. As of December 31, 2015, the Quebec Lithium unaudited total assets of 336 million Canadian dollars, the net assets of 219 million Canadian dollars, as the company is in the construction phase, not yet in production,so there is no revenue and profit. Quebec Lithium currently holds a mining lease (Mining Lease), valid until May 2032, an area of 116.39 hectares; 19 exploration
(Mining Claims), an area of 582.30 hectares. Major Mines Quebec Lithium includes a surface mine and an annual output of 22,450 tons a battery grade lithium carbonate (99.5%) of the processing plant, complete reboot into commercial operation, the annual mine production is expected to average 1.6 million tons, with an average annual output of carbonic acid lithium 20,200 tons, is expected to produce around 20 years.
Jien Nickel Industry, said the company has signed the “Asset Purchase Agreement” with the Quebec Lithium liquidation receiver KSV company, and in Canada Time June 21, 2016 Quebec Superior Court to obtain approval. After successful completion of this transaction, the company will acquire Quebec Lithium lithium ore business assets involved in the lithium mining, dressing, smelting industry in this company, a subsidiary of Asia financial technology battery materials, the resource guarantee, expanding the company’s industrial chain and increase the ability to resist risks for the company
to upgrade reserves of mineral resources and promoting the sustainable development of the company, in line with the company’s development strategy.
quebeclithium-fmr-jor
吉恩镍业 5.13 亿元收购加拿大锂矿公司
时间:2016 年 06 月27 日
来源:公司公告“吉林吉恩镍业股份有限公司”2016 年 6 月 24 日发布晚间公告称,其全资子公司“吉恩国际投资有限公司”设立的全资子公司9554661 Canada Inc. 与 RB Energy Inc.、Quebec Lithium Inc. 的清算接管人KSV Kofman Inc.签署一项《资产购买协议》,将收购 Quebec Lithium Inc. 的主要资产。本次资产收购金额约为 1 亿加元(折合人民 币约 5.13 亿元),公司将于收购完成日支付约 3,000万加元,而其余继承 Quebec Lithium Inc. 的债务,于期后与债权人协商还款期限。
公开资料显示,吉恩镍业主要从事硫酸镍、高冰镍、电解镍、氢氧化镍、氯化 镍、硫酸铜、铜精矿、硫酸、羰基镍、羰基铁等产品的生产、销售。
魁北克锂业主要拥有位于魁北克省的 La Corne 锂矿项目(以下简称 “锂矿项 目”),该项目于 2013 年 10 月建成开始试生产,2014年 10 月因资金问题而停产。2014 年 11 月,魁北克锂业因此进入债务重组阶段,2015 年 5 月进入破产清算程 序。截至 2015 年 12 月31 日,魁北克锂业未经审计资产总额为 336
百万加元、资产 净额 219 百万加元,因该公司处于建设阶段,尚未投产,因此没有营业收入和利 润。魁北克锂业目前持有 1 项采矿租约(Mining Lease),有效期至 2032 年5月,面积 116.39 公顷;19项探矿权(Mining Claims),面积 582.30 公顷。魁北克锂业 的主要矿区包括一个露天矿和一个年产 2.245
万吨电池级碳酸锂(99.5%)的加工厂,完成重启进入商业化运营后,预计平均年采矿量 160 万吨,平均年产碳酸锂 2.02 万吨,预计生产 20年左右。
吉恩镍业表示,公司已与魁北克锂业清算接管人 KSV 公司签订《资产购买协 议》,并于加拿大时间 2016 年 6 月 21 日获得加拿大魁北克省高等法院批准。本次 交易顺利完成后,公司将取得魁北克锂业锂矿业务资产,涉足锂矿开采、选 矿、冶炼深加工业务,为子公司亚融科技电池材料,提供了资源保证,拓展了公司产业链,提高了公司的抗风险能力,为公司转型升级储备了矿产资源,促 进公司可持续发展,符合公司发展战略。
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