CHI ECO LAND MT (08507.HK): Rare Earth Prospecting Pact in Northeast China
NewTimeSpace News: On 3 November 2026, China Ecological Land Management Holdings Group Limited (formerly known as i.century Holding Limited, stock code: 08507) issued a voluntary announcement on a business update, saying that on the same day it entered into a strategic collaboration agreement with Beijing Weilai Shangzhi Software Base Co., Ltd. in relation to strategic collaboration between the parties on the future prospecting and development of a newly discovered mineral dissociation-type rare earth mine in Northeast China.
Pursuant to the agreement, the parties agreed to collaborate on the future prospecting and development of rare mineral resources in the target area, covering project technical research; ecological environment assessment and management; mineral resource exploration, mining and smelting; ecological restoration; and assessment of permanent magnetic materials. The partner is a limited liability company established in the PRC, holding land use rights over approximately 600,000 square metres of industrial land with convenient transportation at a core location in the target area, and enjoys technical support from the World Academy of Sustainable Development Limited and multiple academicians. To the best of the Directors' knowledge after all reasonable enquiries, the partner and its ultimate beneficial owners are third parties independent of the Company and its connected persons.
The Board considers that the agreement enables the Group to participate in the early-stage prospecting and development of the newly discovered rare mineral resources in Northeast China, helps it seize opportunities in national strategic mineral resources, and is expected to generate synergies with its proposed expansion in ecological land management and ecological environment restoration. The announcement also noted that the agreement is a framework agreement setting out only preliminary arrangements and a work plan, with the investment amount, transaction structure, implementation terms and the parties' rights and obligations for specific projects to be set out in separate formal agreements; the Company will comply with the GEM Listing Rules and make further announcements, and advised shareholders and potential investors to exercise caution when dealing in its securities.
