Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 131

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 131
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 162 square meters, and annual rent is CNY24,300 (US$3,344).The Moruogu Tong Mine exploration site is located
in Northwestern Qingshan Town, Wulatehouqi in Bayannaoer City and covers an area of approximately 7.81 square kilometers. As is typical
in the PRC, the PRC government owns all of the land on which the exploration activities are carried out. Bayannaoer Mining assumed the
rights to use the land when it obtained the exploration right from the Land and Resources Department of Inner Mongolia Autonomous Region
in 2005. We are still in the exploration stage of mining the Moruogu Tong Mine, and have not yet produced any silver, lead or copper.
To date, the exploration program has indicated the presence of lead and silver, with the prospect that further surveying and exploration
may indicate the presence of other ores such as copper.

In the event we determine
to pursue a mining permit and thereafter engage in mining at the Moruogu Tong Mine, we will be required, among other things, to construct
and develop the mine, including roads and making provision for water and electricity at the mine site. There will be significant capital
expense for these and other projects. We intend to fund those capital expenditures from internal resource and/ or the proceeds of loans
from our Related-Party Debtholders, if available, payments pursuant to the Cooperation Agreement and, to the extent deemed necessary,
bank borrowings. See “Business – Government Regulation of Mineral Exploration Activities” above, for a discussion of
environmental laws affecting the Moruogu Tong Mine.

Legal Proceedings

There are no legal or arbitration
proceedings (including governmental proceedings pending or known to be contemplated), including those relating to bankruptcy, receivership
or similar proceedings and those involving any third party, which may have, or have had in the recent past, significant effects on the
Company’s financial position or profitability. Moreover, there are no material proceedings in which any director, any member of
senior management, or any of our affiliates is either a party adverse to us or our subsidiaries or has a material interest adverse to
us or our subsidiaries.

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

This section summarizes certain laws and regulations that materially affect our business and operations and the key provisions of such laws and regulations.

Regulations Related to Foreign Investment

Investment activities in China by foreign investors are principally governed by the Catalog