Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 110

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 110
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 short of expectations due to changes in market
interest rates.

Commodity Price Risk

We were not exposed to commodity
price risk as of the date of this prospectus, as we did not have any copper ore in inventory on that date.

| 65 |

<div align='center'>BUSINESS</div>

Overview

We are dedicated to becoming
a leading multi-resources company in China, and is devoted to exploring the opportunities presented by other sectors as well, through
complying with high international standards of corporate governance, continually expanding operations with profit growth potentials,
enhancing overall cost effectiveness and productivity performance, collaborating with governments, communities and non-governmental organizations,
optimizing our technical talent teams and innovation programs and maintaining responsible environmental practices.

We are committed to:

| · | delivering superior long-term value to our shareholders; |

| · | providing a safe, healthy and fulfilling work environment for our employees 
 while improving production efficiency and operating effectiveness;          |

| · | contributing to the economic and social development of the regions where 
 we operate; and                                                          |

| · | responsibly managing the environmental impact of all our operations. |

We are principally engaged in exploration for lead, silver and other metals in the Inner Mongolia Autonomous Region of the PRC and exploration of attractive opportunities in other sectors. Our operating subsidiary, Bayannaoer City Feishang Mining Company Limited (“Bayannaoer Mining”) holds an exploration permit issued by the Land and Resources Department of Inner Mongolia Autonomous Region covering the Moruogu Tong Mine, located in Wulatehouqi, Bayannaoer City, Inner Mongolia. The exploration permit evidences Bayannaoer Mining’s right to explore for minerals at the Moruogu Tong Mine. Initial results of the exploration program indicate the presence of lead and silver, with the prospect that further surveying and exploration may indicate the presence of other ores such as copper. We are also actively seeking opportunities of exploration and mining of other metals outside of the PRC. See, “Corporate History and Structure— Acquisition of Williams Minerals.”

We continuously pivot our business by exploring new opportunities for growth or diversification. Between July 2021 and July 2023, we also engaged in the rural wastewater treatment business in China through the acquisition of PST Technology, which held 51% equity interest of Shanghai Onway, a PRC company which is principally engaged in the development of rural wastewater treatment technologies, the provision of equipment and materials for rural wastewater treatment, undertaking EPC and PPP projects in relation to rural wastewater treatment, and