Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 63

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 63
---
 reactions from regulators, rating agencies, prospective
customers, counterparties and employees; all without having fully realized the anticipated benefits of the Acquisition. Failure to complete
the Acquisition or a change in the terms of the Acquisition could each have a material adverse effect on the Company’s business,
financial condition and results of operations, as well as on our ability to attract future acquisition opportunities.

Even if the Acquisition is completed, we may fail to realize the anticipated benefits associated with it, those benefits may take longer to realize than expected, and we may encounter significant difficulties.

Even if we are
successful in completing the Acquisition, we may fail to realize the anticipated benefits of it. The anticipated benefits of the Acquisition
and the projected cash costs necessary to achieve these benefits may be affected by changes in the overall economic, political and regulatory
environment, including applicable tax regimes and fluctuations in foreign exchange rates, the viability of mining and estimates of reserves
at the Zimbabwean lithium mine, the issuance and accuracy of the independent technical reports, the demand for lithium and other precious
minerals, and the realization of the other risks relating to our business described herein. The benefits we expect to realize from this
Acquisition will depend, in part, on our ability to successfully extract lithium or precious minerals, if found, and to capitalize on
our mining expertise and sales and distribution platform. If we are not able to achieve these objectives, the anticipated benefits of
the Acquisition may not be realized fully or at all or may take longer to realize than expected.

| 32 |

Risks Relating to Additional Acquisitions and Expansion into Other Sectors

We may acquire other businesses or form joint ventures that could negatively affect our operating results, dilute our shareholders’ ownership, increase our debt or cause us to incur significant expense.

We are actively seeking opportunities
to enter other industries in the PRC, as well as other potentially attractive opportunities; however, we cannot offer any assurance that
acquisitions of businesses, assets and/or entering into strategic alliances or joint ventures will be successful. We may not be able
to find suitable partners or acquisition candidates and may not be able to complete such transactions on favorable terms, if at all.
If we make any acquisitions, we may not be able to integrate these acquisitions successfully into our existing infrastructure. In addition,
in the event we acquire any existing businesses we could assume unknown or contingent liabilities.

Any future acquisitions could result
in incurrence of debt, contingent liabilities or future write-offs of intangible assets or goodwill, any of which could have