Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 18

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 18
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Risks Relating to Our Mine Exploration Activities in Inner Mongolia

| · |     | The Moruogu Tong Mine is in the exploration stage. |

| · |     | The northern part of Moruogu Tong Mine is currently being explored 
 under an agreement that reduces our share in any future profits.   |

| · |     | Any estimates of the reserves contained in the Moruogu Tong 
 Mine may be inaccurate.                                     |

| · |     | There are no assurances that we can produce minerals on a commercially 
 viable basis.                                                          |

| · |     | Volatility in the market prices of metals may adversely affect 
 the results of our operations.                                 |

| · |     | We are subject to government regulations in various aspects                                                               
 of our exploration activities and our failure to comply with applicable government regulations could adversely affect us. |

| · |     | We do not have binding agreements with customers to purchase 
 any future output of metals.                                 |

| · |     | ESG                                                                                                                                    
 issues, including those related to climate change and sustainability, may have an adverse effect on our business, financial condition, 
 and results of operations, could damage our reputation, and may increase costs.                                                        |

Risks Relating to the Sale of PST Technology

| · |     | We face risks associated with the divesture of our wastewater 
 treatment segment.                                            |

| 4 |

Risks Relating to the Potential Closing of the Acquisition of Williams Minerals and the Timing of Such Closing

| · |     | There may be unforeseen risks relating to the Acquisition that                              
 were not discovered by us through our due diligence investigation prior to our Acquisition. |

| · |     | Completion                                                                                                                              
 of the Acquisition is conditional upon satisfaction or waiver of various conditions. There can be no assurance that the conditions will 
 be fulfilled or waived, or that the Acquisition will be completed.                                                                      |

| · |     | Failure to complete the Acquisition may have a material adverse                  
 effect on the Company’s business, financial condition and results of operations. |

| · |     | 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.                                                                                                                          |

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