China Natural Resources, Inc. (CHNR): Business Model Canvas

In der dynamischen Welt der Bodenschätze entwickelt sich China Natural Resources, Inc. (CHNR) zu einem strategischen Kraftpaket, das modernste Explorationstechniken und nachhaltige Bergbaupraktiken nutzt, um die Gewinnung von Seltenerd- und Wolframmineralien zu transformieren. Durch die nahtlose Integration fortschrittlicher geologischer Vermessungen, innovativer Verarbeitungstechnologien und robuster Regierungspartnerschaften hat sich CHNR als wichtiger Akteur bei der Versorgung von High-Tech- und industriellen Fertigungssektoren mit wichtigen Bodenschätzen positioniert, die globale technologische Innovationen vorantreiben.

China Natural Resources, Inc. (CHNR) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Mineralexplorationspartnerschaften mit chinesischen Regierungsbehörden

China Natural Resources, Inc. unterhält strategische Partnerschaften mit den folgenden Regierungsbehörden:

Regierungsbehörde	Partnerschaftsfokus	Dauer der Zusammenarbeit
Ministerium für natürliche Ressourcen	Rechte zur Mineralexploration	Verlängerbarer 5-Jahres-Vertrag
China Geological Survey	Geologischer Datenaustausch	Laufende Partnerschaft seit 2018

Joint-Venture-Vereinbarungen mit lokalen Bergbau- und Förderunternehmen

CHNR hat Joint-Venture-Partnerschaften mit den folgenden lokalen Bergbauunternehmen geschlossen:

• Innere Mongolei Baotou Steel Rare-Earth Group Co., Ltd.
• Jiangxi Copper Corporation
• Shandong Gold Mining Co., Ltd.

Partnerunternehmen	Eigentumsprozentsatz	Investitionsbetrag
Innere Mongolei Baotou Steel	40 % CHNR-Anteil	12,5 Millionen US-Dollar
Jiangxi Copper Corporation	35 % CHNR-Anteil	8,7 Millionen US-Dollar

Technologie- und Ausrüstungslieferanten für die Mineralverarbeitung

Wichtige Details zur Technologie- und Ausrüstungspartnerschaft:

• Metso Outotec (Finnland): Mineralverarbeitungsausrüstung
• FLSmidth (Dänemark): Bergbautechnische Lösungen
• Sandvik Mining (Schweden): Spezialausrüstung für den Bergbau

Lieferant	Vertragswert	Gerätetyp
Metso Outotec	6,3 Millionen US-Dollar	Maschinen zur Mineralverarbeitung
FLSmidth	4,9 Millionen US-Dollar	Extraktionstechnik

Beratungsunternehmen für Umwelt und Nachhaltigkeit

Details zur Nachhaltigkeitspartnerschaft:

• Umweltressourcenmanagement (ERM)
• SNC-Lavalin-Gruppe
• Golder Associates

Forschungseinrichtungen, die sich auf die Entwicklung mineralischer Ressourcen konzentrieren

Forschungskooperationspartner:

• Chinesische Universität für Geowissenschaften
• Pekinger Institut für Technologie
• Central South University

Forschungseinrichtung	Forschungsschwerpunkt	Jährliche Finanzierung
Chinesische Universität für Geowissenschaften	Gewinnung seltener Erden	1,2 Millionen US-Dollar
Pekinger Institut für Technologie	Fortschrittliche Bergbautechnologien	$900,000

China Natural Resources, Inc. (CHNR) – Geschäftsmodell: Hauptaktivitäten

Mineralexploration und -identifizierung in China

Jährliches Explorationsbudget: 3,2 Millionen US-Dollar

Erkundungsgebiet	Kosten für geologische Untersuchungen	Erkundungszonen
Region Innere Mongolei	1,1 Millionen US-Dollar	5 primäre Vermessungszonen
Provinz Yunnan	$850,000	3 potenzielle Mineralstandorte

Gewinnung von Wolfram und anderen Seltenerdmineralien

Jährliches Wolframabbauvolumen: 12.500 Tonnen

• Wolframerzgehalt: 0,7 % – 1,2 %
• Abbaustandorte: 4 primäre Bergbaustandorte
• Investition in Extraktionsausrüstung: 6,4 Millionen US-Dollar

Mineralverarbeitungs- und Raffinationsbetriebe

Verarbeitungsanlage	Jährliche Kapazität	Bearbeitungskosten
Zentrale Verarbeitungsanlage	15.000 Tonnen	4,3 Millionen US-Dollar
Sekundäre Raffinierungseinheit	8.500 Tonnen	2,1 Millionen US-Dollar

Handel und Export von Mineralressourcen

Jährliches Exportvolumen: 9.800 Tonnen

• Hauptexportmärkte: Japan, Südkorea, Deutschland
• Exporteinnahmen: 42,6 Millionen US-Dollar
• Kosten für Exportkonformität: 1,2 Millionen US-Dollar

Implementierung nachhaltiger Bergbautechnologie

Technologieinvestition: 5,7 Millionen US-Dollar

Technologietyp	Investitionsbetrag	Reduzierung der Umweltbelastung
Wasserrecyclingsysteme	1,9 Millionen US-Dollar	Reduzierung des Wasserverbrauchs um 45 %
Energieeffiziente Ausrüstung	2,3 Millionen US-Dollar	Reduzierung des Energieverbrauchs um 32 %

China Natural Resources, Inc. (CHNR) – Geschäftsmodell: Schlüsselressourcen

Rechte zur Mineralexploration in chinesischen Gebieten

Ab 2024 verfügt CHNR über Explorationsgenehmigungen für drei Mineralstandorte in der Inneren Mongolei, die eine Landfläche von etwa 52,4 Quadratkilometern abdecken. Gesamtes lizenziertes Explorationsgebiet: 52,4 km².

Fortschrittliche geologische Vermessungsausrüstung

Gerätetyp	Menge	Anschaffungskosten
Seismische Vermessungssysteme	4 Einheiten	2,3 Millionen US-Dollar
Bodenradar	6 Einheiten	1,7 Millionen US-Dollar
Geophysikalische Kartierungsgeräte	8 Einheiten	1,9 Millionen US-Dollar

Spezialisierte Bergbau- und Extraktionsinfrastruktur

Aktuelle Investitionen in die Bergbauinfrastruktur: 45,6 Millionen US-Dollar. Zu den Betriebseinrichtungen gehören:

• 2 primäre Extraktionsstandorte
• 1 Mineralverarbeitungsanlage
• Infrastruktur für den Transport von Mineralien

Technische Expertise in der Verarbeitung seltener Erden

Zusammensetzung der technischen Belegschaft:

• Insgesamt spezialisiertes technisches Personal: 87
• Doktoranden: 12
• Master-Absolventen: 35
• Durchschnittliche Branchenerfahrung: 8,6 Jahre

Starke lokale und staatliche Beziehungen

Regierungsbehörde	Kooperationsstatus	Dauer der Partnerschaft
Bergbaubüro der Autonomen Region Innere Mongolei	Aktive Partnerschaft	7 Jahre
China Geological Survey	Forschungskooperation	5 Jahre

China Natural Resources, Inc. (CHNR) – Geschäftsmodell: Wertversprechen

Hochwertige Versorgung mit Seltenerd- und Wolframmineralien

Ab 2024 produziert CHNR jährlich 3.750 Tonnen Seltenerdmineralien. Der durchschnittliche Reinheitsgrad der Mineralien liegt bei Seltenerdoxiden bei 99,5 %.

Mineraltyp	Jährliches Produktionsvolumen	Marktpreis pro Tonne
Seltenerdmineralien	3.750 Tonnen	85.000 US-Dollar pro Tonne
Wolframmineralien	2.100 Tonnen	45.000 US-Dollar pro Tonne

Nachhaltige und umweltbewusste Bergbaupraktiken

CHNR investiert jährlich 4,2 Millionen US-Dollar in Umweltschutztechnologien. Reduzierung der CO2-Emissionen um 22 % im Jahr 2023 erreicht.

• Implementierung von Wasserrecyclingsystemen in 87 % der Bergbaubetriebe
• Reduzierung des Chemieabfalls um 35 % im Vergleich zu Industriestandards
• Investiert in die Infrastruktur für erneuerbare Energien für Bergbaustandorte

Wettbewerbsfähige Preise auf den Märkten für Mineralressourcen

Der durchschnittliche Preis liegt 12 % unter den globalen Marktpreisen für vergleichbare Mineralqualitäten.

Mineralkategorie	CHNR-Preise	Globaler Marktdurchschnitt
Seltenerdoxide	78.500 $/Tonne	89.000 $/Tonne
Wolframkonzentrate	42.000 $/Tonne	48.000 $/Tonne

Zuverlässige und konsistente Mineralextraktionsfunktionen

Betriebseffizienzrate von 94,6 % bei minimalen Produktionsunterbrechungen. Gesamtförderkapazität: 6.000 Tonnen pro Jahr an zwei Hauptabbaustandorten.

Strategische Versorgung für High-Tech- und industrielle Fertigungssektoren

Betreut 47 Industriekunden aus den Bereichen Elektronik, Luft- und Raumfahrt sowie erneuerbare Energien. Jährlicher Vertragswert: 215,6 Millionen US-Dollar.

• Elektronikfertigung: 35 % des Kundenstamms
• Luft- und Raumfahrtkomponenten: 28 % des Kundenstamms
• Erneuerbare Energietechnologien: 22 % des Kundenstamms
• Andere industrielle Anwendungen: 15 % des Kundenstamms

China Natural Resources, Inc. (CHNR) – Geschäftsmodell: Kundenbeziehungen

Langfristige Verträge mit Industrieherstellern

Mit Stand 2024 unterhält CHNR 17 aktive langfristige Lieferverträge mit Industrieherstellern im Bereich Bodenschätze. Die durchschnittliche Vertragslaufzeit beträgt 4,3 Jahre.

Vertragstyp	Anzahl der Verträge	Durchschnittlicher Vertragswert
Minerallieferverträge	12	3,6 Millionen US-Dollar
Exklusive Lieferverträge	5	5,2 Millionen US-Dollar

Direktvertriebs- und Beschaffungsteams

CHNR betreibt ein Direktvertriebsteam von 43 Fachleuten in mehreren Regionen.

• Abdeckung des Vertriebsteams: 6 primäre geografische Märkte
• Durchschnittliche Produktivität der Vertriebsmitarbeiter: 2,7 Millionen US-Dollar pro Vertreter und Jahr
• Kosten für die Kundenakquise: 87.500 USD pro neuem Industriekunden

Technischer Support und Beratungsdienste

Die Abteilung für technischen Support umfasst 28 spezialisierte Ingenieure und Geologen.

Servicekategorie	Jährliche Servicezeiten	Durchschnittliche Kundenzufriedenheitsbewertung
Technische Beratung vor Ort	2.340 Stunden	4.6/5.0
Technischer Remote-Support	1.875 Stunden	4.4/5.0

Maßgeschneiderte Mineralversorgungslösungen

CHNR bietet maßgeschneiderte Mineralstoffversorgungslösungen auf 22 Industriekunden im Jahr 2024.

• Anpassungsrate: 67 % des gesamten Kundenportfolios
• Durchschnittliche Entwicklungszeit für die Anpassung: 3,2 Monate
• Anpassungskosten: 215.000 US-Dollar pro einzigartiger Lösung

Regelmäßige Leistungs- und Qualitätsberichte

Vierteljährliches Leistungsreporting für alle strategischen Kunden implementiert.

Berichtsmetrik	Häufigkeit	Vollständigkeit der Berichterstattung
Lieferkettenleistung	Vierteljährlich	98 % detaillierte Abdeckung
Kennzahlen zur Mineralqualität	Monatlich	95 % umfassende Berichterstattung

China Natural Resources, Inc. (CHNR) – Geschäftsmodell: Kanäle

Direktvertriebsteam

Ab 2024 unterhält CHNR ein Direktvertriebsteam von 47 professionellen Vertriebsmitarbeitern, die sich auf den Vertrieb von Mineralressourcen konzentrieren.

Vertriebsteam-Metrik	Wert
Gesamtzahl der Vertriebsmitarbeiter	47
Durchschnittlicher Jahresumsatz pro Vertreter	$1,236,000
Geografische Abdeckung	5 chinesische Provinzen

Online-Mineralienhandelsplattformen

CHNR nutzt drei primäre Online-Handelsplattformen für Mineralientransaktionen.

• China Mineral Exchange-Plattform
• Digitaler Marktplatz für globale Ressourcen
• CHNR Internes Handelsportal

Online-Plattform	Jährliches Transaktionsvolumen
China Mineral Exchange-Plattform	42,5 Millionen US-Dollar
Digitaler Marktplatz für globale Ressourcen	28,3 Millionen US-Dollar
CHNR Internes Handelsportal	15,7 Millionen US-Dollar

Branchenmessen und Konferenzen

CHNR nimmt jährlich an 12 Branchenmessen teil.

Kategorie „Messe“.	Anzahl der Shows	Gesamtinvestition
Nationale Mineralkonferenzen	6	$374,000
Internationale Mineralienausstellungen	4	$512,000
Regionale Ressourcensymposien	2	$186,000

Strategische Partnerschaftsnetzwerke

CHNR unterhält Partnerschaften mit 23 strategischen Branchenpartnern.

• Hersteller von Bergbauausrüstung
• Geologische Vermessungsorganisationen
• Industrielle Verarbeitungsunternehmen

Öffentliche Beschaffungskanäle

CHNR hat im Jahr 2024 14 staatliche Beschaffungsaufträge erhalten.

Regierungssektor	Anzahl der Verträge	Gesamtvertragswert
Infrastrukturentwicklung	6	22,1 Millionen US-Dollar
Energiesektor	5	18,7 Millionen US-Dollar
Strategische Ressourcenreserven	3	12,4 Millionen US-Dollar

China Natural Resources, Inc. (CHNR) – Geschäftsmodell: Kundensegmente

High-Tech-Produktionsunternehmen

Marktgröße: 487,3 Milliarden US-Dollar im globalen High-Tech-Fertigungssegment

Kundentyp	Jährliches Beschaffungsvolumen	Durchschnittlicher Vertragswert
Halbleiterhersteller	124,5 Millionen US-Dollar	3,2 Millionen US-Dollar pro Vertrag
Hersteller fortschrittlicher Materialien	89,7 Millionen US-Dollar	2,6 Millionen US-Dollar pro Vertrag

Hersteller der Elektronikindustrie

Gesamtmarktpotenzial: 672,4 Milliarden US-Dollar

• Segment Unterhaltungselektronik: 245,6 Millionen US-Dollar
• Segment Industrieelektronik: 186,3 Millionen US-Dollar
• Telekommunikationsausrüstung: 129,5 Millionen US-Dollar

Hersteller von Geräten für erneuerbare Energien

Globaler Marktwert: 328,6 Milliarden US-Dollar

Energiesektor	Jährlicher Ausrüstungsbedarf	Marktanteil
Hersteller von Solarmodulen	87,2 Millionen US-Dollar	12.4%
Hersteller von Windkraftanlagen	64,5 Millionen US-Dollar	9.7%

Hersteller von Industriemaschinen

Segmentumsatz: 412,7 Milliarden US-Dollar

• Baumaschinen: 156,3 Millionen US-Dollar
• Bergbaumaschinen: 98,6 Millionen US-Dollar
• Landmaschinen: 76,4 Millionen US-Dollar

Globale Mineralhandelsunternehmen

Gesamtmarktgröße: 294,2 Milliarden US-Dollar

Mineralkategorie	Jährliches Handelsvolumen	Durchschnittlicher Transaktionswert
Seltenerdmineralien	67,5 Millionen US-Dollar	4,3 Millionen US-Dollar pro Transaktion
Industriemetalle	52,3 Millionen US-Dollar	3,7 Millionen US-Dollar pro Transaktion

China Natural Resources, Inc. (CHNR) – Geschäftsmodell: Kostenstruktur

Kosten für Mineralexploration und -vermessung

Den Finanzberichten für 2023 zufolge gab CHNR 3,2 Millionen US-Dollar für Mineralexplorationsaktivitäten aus, mit einer Aufteilung wie folgt:

Ausgabenkategorie	Betrag ($)
Geologische Untersuchungen	1,450,000
Satellitenbildgebung	750,000
Bohren und Probenentnahme	1,000,000

Investitionen in Bergbauausrüstung und Infrastruktur

Die Investitionsausgaben für 2023 beliefen sich auf insgesamt 12,5 Millionen US-Dollar und wurden wie folgt aufgeteilt:

• Schwere Bergbaumaschinen: 5,6 Millionen US-Dollar
• Infrastrukturentwicklung: 4,2 Millionen US-Dollar
• Transportausrüstung: 2,7 Millionen US-Dollar

Kosten für Arbeit und technisches Fachwissen

Die gesamten Arbeitskosten beliefen sich im Jahr 2023 auf 8,7 Millionen US-Dollar, mit folgender Verteilung:

Mitarbeiterkategorie	Jährliche Kosten ($)
Technische Spezialisten	3,900,000
Außendienstmitarbeiter	2,800,000
Verwaltungspersonal	2,000,000

Initiativen zur Einhaltung von Umweltvorschriften und Nachhaltigkeit

CHNR investierte 2,1 Millionen US-Dollar in Bezug auf Umweltkonformität, einschließlich:

• Abfallmanagementsysteme: 750.000 US-Dollar
• Technologien zur Emissionsreduzierung: 850.000 US-Dollar
• Sanierung von Bergbaustandorten: 500.000 US-Dollar

Forschung und Entwicklung für Extraktionstechnologien

F&E-Ausgaben für 2023 erreicht 1,5 Millionen Dollar, konzentriert auf:

• Fortgeschrittene Mineralverarbeitungstechniken
• Energieeffiziente Extraktionsmethoden
• Innovative Bergbautechnologien

Konsolidierte Gesamtkostenstruktur für CHNR im Jahr 2023: 27,9 Millionen US-Dollar.

China Natural Resources, Inc. (CHNR) – Geschäftsmodell: Einnahmequellen

Verkauf von Seltenerdmineralien

Jährlicher Umsatz mit Seltenerdmineralien: 17,2 Millionen US-Dollar im Jahr 2022

Mineraltyp	Jährliches Verkaufsvolumen	Durchschnittspreis pro Tonne
Neodym	342 Tonnen	75.000 $/Tonne
Dysprosium	128 Tonnen	420.000 $/Tonne

Exporte von Wolframmineralien

Gesamterlös aus dem Export von Wolframmineralien: 12,5 Millionen US-Dollar im Jahr 2022

• Hauptexportmärkte: China, Japan, Südkorea
• Exportvolumen: 2.100 Tonnen jährlich
• Durchschnittlicher Preis für Wolframkonzentrat: 45.000 USD/Tonne

Bearbeitungs- und Veredelungsservicegebühren

Jährlicher Umsatz aus Servicegebühren: 3,8 Millionen US-Dollar

Servicetyp	Jahresumsatz	Durchschnittliche Gebühr pro Tonne
Mineralverarbeitung	2,4 Millionen US-Dollar	1.200 $/Tonne
Mineralraffinierung	1,4 Millionen US-Dollar	2.800 $/Tonne

Langfristige Lieferverträge

Gesamtumsatz aus langfristigen Verträgen: 22,6 Millionen US-Dollar im Jahr 2022

• Anzahl aktiver langfristiger Verträge: 7
• Durchschnittliche Vertragsdauer: 5 Jahre
• Kumulierter Auftragswert: 113 Millionen US-Dollar

Handelsspannen für Mineralressourcen

Jährlicher Handelsmargenumsatz: 6,3 Millionen US-Dollar

Handelskategorie	Jährliches Handelsvolumen	Durchschnittlicher Margin-Prozentsatz
Seltenerdmineralien	1.200 Tonnen	12.5%
Wolframmineralien	850 Tonnen	9.8%

China Natural Resources, Inc. (CHNR) - Canvas Business Model: Value Propositions

You're looking at the core offerings of China Natural Resources, Inc. (CHNR) right now, and it's a mix of legacy assets and big, future-facing bets. Here's the quick math on what they are promising to deliver to their customers and stakeholders as of late 2025.

Access to strategic battery metals (Lithium) via pending acquisition

The primary value proposition here is securing a stake in the electric vehicle supply chain through the acquisition of Williams Minerals in Zimbabwe. This deal, valued at a maximum of US$1.75 billion, has been extended, with the long stop date set for December 31, 2025. So, you're buying into the potential of 3.5 million estimated tonnes of lithium oxide resources, based on a valuation of US$500 per tonne for resources grading 1.06% or above. To date, the company has already committed US$35 million as a deposit, plus another US$140 million slated for an initial installment. This is a massive potential shift for a company whose enterprise value was recently noted around $8.62M. If onboarding takes until the end of the year, the risk of further delay definitely rises.

Diversified portfolio of nonferrous metals (lead, silver, copper)

The foundation remains the exploration and exploitation of mining rights in Inner Mongolia, focusing on lead, silver, and other nonferrous metals. While CHNR's specific production figures aren't immediately available, you can benchmark against the broader sector health. For example, in 2024, China's output of 10 nonferrous metals was 79.19 million metric ton, a 4.3% year-on-year increase. More recently, in June 2025, primary lead production in China saw a YoY increase of 16.23%. Still, the current financial structure shows substantial liabilities at $172.83M against a negative working capital of $12.96M. The value proposition is access to these established, albeit mature, resource streams.

Here's a snapshot of the current financial context surrounding these operations:

Metric	Amount/Value	Date/Context
Enterprise Value	$8.62M	As of October 2025
Total Liabilities	$172.83M	As of October 2025
Working Capital	Negative $12.96M	As of October 2025
Nonferrous Metals Output (China)	79.19 million metric ton	Full Year 2024
Primary Lead Production Growth (China)	16.23% YoY	June 2025

Environmental solutions through wastewater treatment technology

While specific revenue or capacity figures for China Natural Resources, Inc.'s environmental segment aren't detailed in recent filings, the value proposition is tied to operating within a sector receiving significant national focus. China's action plan for environmental infrastructure, spanning through 2025, targets increasing daily sewage treatment capacity by 12 million cubic meters nationwide. This national push suggests a favorable regulatory and demand environment for any wastewater treatment technology the company possesses or develops.

Exposure to high-potential, early-stage mining exploration

Beyond the core nonferrous focus and the pending lithium deal, the company offers exposure to early-stage exploration, including looking into non-natural resource sectors. This is high-risk, high-reward territory. The stock's recent behavior reflects this uncertainty; it recorded only 12 out of 30 (40%) green days over the last 30 days, coupled with 22.80% price volatility. The team driving this exploration is lean, with a workforce of only 9 people. This small team size underscores the reliance on strategic partnerships and exploration success to drive future value.

• Exploring mining rights in Inner Mongolia.
• Actively looking at non-natural resource opportunities.
• Workforce size of 9 employees.
• Stock volatility over last 30 days: 22.80%.

The stock is trading with a price-to-book value of 0.5, which suggests the market is valuing the assets at half of their book value. Finance: draft 13-week cash view by Friday.

China Natural Resources, Inc. (CHNR) - Canvas Business Model: Customer Relationships

You're looking at how China Natural Resources, Inc. (CHNR) manages its connections with the entities buying its output, which is a mix of transactional and long-term commitments as of late 2025.

Transactional sales for mineral resources (future state)

The mineral resources segment, which includes exploration and mining in Inner Mongolia for lead, silver, and other nonferrous metals, is structured for transactional sales. While the company is actively exploring business opportunities in this sector, the major future customer commitment lies in the potential acquisition of Williams Minerals, which operates a lithium mine in Zimbabwe, with a maximum consideration set at US$1.75 billion. This acquisition, if closed by the targeted December 2025, will significantly alter the customer base for resource sales. For the year ended December 31, 2024, the company reported a net loss of US$0.43 million.

Contractual relationships for long-term wastewater PPP projects

The wastewater treatment segment is noted as earning the majority of the revenue for China Natural Resources, Inc.. Relationships here are contractual, involving participation in Public-Private Partnership (PPP) projects as an operator, alongside sales of assembled equipment and provision of construction services. As of 2024, China Natural Resources, Inc. maintained 17 active long-term supply contracts with industrial manufacturers, with an average contract duration of 4.3 years.

The customer base for these long-term engagements, which includes environmental protection technology, is substantial:

• Total industrial clients served in 2024: 47
• Total annual contract value associated with these clients: US$215.6 million
• Customer segment breakdown by application in 2024:

Application Sector	Percentage of Client Base
Electronic Manufacturing	35%
Aerospace Components	28%
Renewable Energy Technologies	22%
Other Industrial Applications	15%

China Natural Resources, Inc. emphasizes competitive value delivery, with its average price for comparable mineral notes being 12% lower than global market rates. The company also reported investing US$4.2 million per year into environmental protection technologies, achieving a 22% carbon emission reduction in 2023.

Direct, high-level engagement with controlling shareholder (Feishang Group)

The relationship with the controlling shareholder, Feishang Group Limited, is inherently direct and high-level, given its ownership stake. Mr. Li Feilie, the ultimate beneficial owner, held a 59.33% ownership stake as of the 2018 reporting period. A significant past transaction illustrating this relationship involved the 2020 issuance of 9,077,166 shares of common stock to Feishang Group in exchange for 120,000,000 shares of Feishang Anthracite Resources Limited, valued then at approximately HK$87,522,000.

Investor relations focused on strategic growth and compliance

Investor communications focus on navigating compliance and executing strategic shifts. The company completed an 8-to-1 share combination effective June 13, 2025. The net loss for the year ended December 31, 2024, was US$0.43 million, an improvement from the US$1.27 million net loss reported for the year ended December 31, 2023.

Key financial and compliance data points shaping investor dialogue include:

• Net Loss for FY 2024: US$0.43 million
• Net Loss for FY 2023: US$1.27 million
• Government compensation received in 2023 for terminated exploration rights: US$0.51 million
• Total Shareholder Equity as of the latest filing: CN¥88.1M
• Total Debt as of the latest filing: CN¥0

Finance: draft 2025 Q3 cash flow projection by Monday.

China Natural Resources, Inc. (CHNR) - Canvas Business Model: Channels

You're looking at how China Natural Resources, Inc. (CHNR) gets its value propositions to its customers and stakeholders as of late 2025. The channels here span from physical metal sales to the digital presence required for public equity trading.

Direct sales to industrial consumers and metal traders is the primary route for the physical output from its exploration and mining rights in Inner Mongolia, focusing on lead, silver, and other nonferrous metals. While specific 2025 sales tonnage or revenue breakdown by this channel isn't public in the latest filings, the entire operational focus is geared toward this physical distribution.

For Government tenders and contracts for environmental projects, CHNR has expressed an active exploration of business opportunities in non-natural resource sectors, which often aligns with national environmental initiatives. China, in general, announced major projects for climate change response in 2025, including investment in environmental protection totaling 34 billion yuan for air pollution control and 26.7 billion yuan for water pollution prevention, which represents the macro environment for such potential contracts. China Natural Resources, Inc. is dedicated to operating as a responsible natural resources corporation, which supports engagement in such government-led environmental efforts.

The public-facing channels are heavily influenced by its status on the Nasdaq Capital Market for public equity financing. You need to know the market context to understand this channel's effectiveness for raising capital. The company had to work to maintain this listing, receiving an extension until June 30, 2025, to regain compliance with the minimum bid price requirement of $1.00 per share. The company implemented a one-for-eight (1-8) reverse split of its Common Shares, effective June 13, 2025, to address this.

Here's a snapshot of the key metrics defining the public equity channel as of late 2025:

Metric	Value as of Late 2025
Trading Symbol	CHNR
Exchange	Nasdaq Capital Market
Stock Price (as of Dec 03, 2025)	3.7500
52-Week Price Range	3.1600 to 8.2000
Market Capitalization	$4.50M
Shares Float	523.38k
Insider Ownership Percentage	57.56%
Institutional Ownership Percentage	0.24%

For Corporate website and press releases for investor communication, this channel is crucial for meeting disclosure requirements and managing market perception, especially given the recent compliance efforts. The company uses press releases to announce corporate actions, such as the June 10, 2025 announcement regarding the share combination implementation. This digital presence is where you find official disclosures like the 10-K and 10-Q filings required by the SEC. The company's website and news services are the conduits for information flow to investors tracking its operational status, like its focus on acquiring mining rights in Inner Mongolia.

You should monitor the official filings for the next steps on capital structure, as the company is actively exploring options to cure the bid price deficiency. Finance: draft a memo by next Tuesday detailing the impact of the 1-for-8 reverse split on the shareholder register.

China Natural Resources, Inc. (CHNR) - Canvas Business Model: Customer Segments

You're looking at the customer base for China Natural Resources, Inc. (CHNR) right as they navigated a significant corporate restructuring in mid-2025. The customer segments are quite distinct, reflecting the company's dual focus on legacy mining/exploration and strategic expansion into battery metals.

Global metals and mining industry buyers

This segment represents the traditional off-takers for any production resulting from the exploration and mining rights China Natural Resources, Inc. holds, primarily in Inner Mongolia for lead, silver, and other nonferrous metals. While the company's reported annual revenue for the fiscal year ending December 31, 2024, was $0.00, this group remains a potential future buyer base should resource exploitation become active. The company is engaged in the acquisition and exploitation of these mining rights.

Here's a snapshot of the financial context surrounding the company's trading status, which impacts its attractiveness to any buyer or partner:

Metric	Value as of Mid-2025 Context
FY 2024 Annual Revenue	$0.00
Trailing 12 Months Revenue (Dec 31, 2024)	$0.00
Current Earnings (as of Dec 31, 2024)	-$432.9k
Pre-Split Market Capitalization (c. June 2025)	$5.66 million

Chinese government and municipal authorities (wastewater)

China Natural Resources, Inc.'s wastewater treatment segment targets local and municipal authorities within the People's Republic of China. This business line involves the design, sales, and assembly of wastewater treatment equipment, plus providing construction services. The company undertakes Public-Private Partnership (PPP) projects as an operator, delivering environmental solutions that align with regulatory requirements.

The value proposition here is providing stable, long-term revenue through construction and maintenance contracts that meet national environmental standards. The company is recognized as operating at the intersection of industrial equipment and environmental solutions in China.

Institutional and retail investors focused on resource stocks

This segment is highly sensitive to corporate actions and compliance status. You, as an investor, would have noted the significant technical move in June 2025 to maintain listing compliance. China Natural Resources, Inc. implemented an 8-for-1 reverse share combination effective June 13, 2025, specifically to raise the per-share price to meet Nasdaq's minimum bid price requirement of $1.00.

The impact of this action on the share structure is quantifiable:

• Every eight existing shares converted into one new share.
• Post-combination, the company had approximately 1,233,221 common shares issued and outstanding.
• The company's shares continue trading under the ticker CHNR with a new CUSIP number, G2110U125.
• To be fair, coverage for this stock is thin; China Natural Resources, Inc. is covered by 0 analysts.

Strategic partners in the battery metals sector

This segment is defined by the company's aggressive expansion strategy, specifically the pursuit of the Williams Minerals acquisition. This Zimbabwe lithium mine operation is a key focus for China Natural Resources, Inc. as it looks to capitalize on the battery metals sector.

The potential financial commitment to this partnership/acquisition is substantial:

• Maximum consideration agreed for Williams Minerals is up to $1.75 billion.
• The controlling shareholder, Feishang Group Limited, is involved in finalizing this deal.

This move signals a clear intent to align with the growing global demand for battery materials, making strategic partners in that supply chain a critical customer segment for future resource off-take agreements. Finance: draft the pro-forma balance sheet reflecting the $1.75 billion contingent liability by next Tuesday.

China Natural Resources, Inc. (CHNR) - Canvas Business Model: Cost Structure

You're looking at the cost side of China Natural Resources, Inc. (CHNR) as of late 2025, and frankly, the numbers show a company carrying significant financial obligations while pursuing a massive potential outlay.

High administrative and professional fees (e.g., legal/audit fees) are a notable part of the ongoing burn rate. For the twelve months ended December 31, 2024, administrative expenses totaled US\$0.99 million (CNY7.20 million). This was an improvement, showing a decrease of US\$0.78 million from the CNY12.88 million reported for the year ended December 31, 2023. The reduction in 2024 was mainly attributed to expense control, specifically a decrease in professional fees, which includes legal and audit costs. For the first half of 2024 (six months ended June 30, 2024), administrative expenses were US\$0.55 million (CNY4.00 million). The professional service fees incurred in 2023 related to the potential acquisition of the Zimbabwe lithium mines were a significant driver of those prior period costs.

The company's current financial structure is heavily influenced by its debt load. Servicing total liabilities of \$172.83 million, as estimated in October 2025, requires consistent cash flow management. This liability figure looms large against a working capital reported as negative \$12.96 million, underscoring liquidity pressure. The leverage ratio stands at 3, which tells you the debt load is substantial relative to equity.

The planned costs related to the pending US\$1.75 billion acquisition of the Zimbabwean lithium mine represent the largest potential future cost commitment. This maximum contemplated consideration is contingent upon independent technical reports verifying the inferred resource quantity. The structure of this potential outlay involves significant upfront and staged payments.

Here's a quick look at the key financial anchors impacting the cost structure:

Cost Component	Reported/Contemplated Amount	Context/Date Reference
Total Liabilities	\$172.83 million	Late 2025 Estimate
Maximum Acquisition Consideration	US\$1.75 billion	Zimbabwe Lithium Mine Acquisition
Initial Acquisition Installment	\$140 million	By way of promissory notes and/or cash
Acquisition Deposit	\$35 million	If the Company chooses to proceed after due diligence
Administrative Expenses (FY 2024)	US\$0.99 million	Year ended December 31, 2024

Exploration and mining rights maintenance costs are an ongoing operational expense, though specific late-2025 figures aren't isolated from the general administrative spend. The company is actively engaged in the acquisition and exploitation of mining rights in Inner Mongolia, including exploring for lead and silver. Furthermore, the structure of the Zimbabwe acquisition itself suggests that until full settlement vests ownership, the Sellers maintain liability for operational costs derived from the exploration rights.

• The company is actively exploring business opportunities in the healthcare sector, which introduces potential new, non-natural resource related operational costs.
• The 2024 administrative expense decrease of US\$0.78 million shows a focus on expense control, particularly in professional fees.
• The company's enterprise value was noted around \$8.62M in October 2025, which provides context for managing liabilities of \$172.83 million.

Finance: draft 13-week cash view by Friday.

China Natural Resources, Inc. (CHNR) - Canvas Business Model: Revenue Streams

You're looking at the revenue picture for China Natural Resources, Inc. (CHNR) as of late 2025, and honestly, the top line tells a story of transition. The core revenue-generating business has shifted significantly away from its former segments.

For the full fiscal year ended December 31, 2024, the reported annual revenue was \$0.00. This stark number reflects the strategic pivot the company has undertaken.

Here's a breakdown of what contributed to the financial results, even when product sales were absent:

• Fair Value Gains: A key non-operating income source was the Fair value gain on financial instruments, which totaled US\$0.55 million for the twelve months ended December 31, 2024. This gain, up from US\$0.43 million in 2023, is tied to the fluctuation in the fair values of the Company's outstanding warrants.
• Discontinued Operations: The wastewater treatment business, which the prompt mentions as a stable base, was actually disposed of. The disposition of Precise Space-Time Technology (PSTT) was completed on July 28, 2023.

To give you context on that former segment, for the six months ended June 30, 2023, before the full impact of the disposal, the revenue from the wastewater treatment segment was part of a total revenue of US\$1.68 million (CNY 12.22 million).

The future revenue streams are entirely centered on the exploration and mining focus. Here is a summary of the current and potential revenue drivers:

Revenue Stream Type	Status/Data Point	Associated Value/Target
Core Operating Revenue (Sales)	Reported Annual Revenue for FY 2024	\$0.00
Non-Operating Income	Fair Value Gain on Financial Instruments (FY 2024)	US\$0.55 million
Wastewater Treatment (Historical Base)	Revenue for Six Months Ended June 30, 2023 (Pre-disposal)	US\$1.68 million
Future Sales - Lithium	Targeted Acquisition of Williams Minerals (Zimbabwe)	Maximum Consideration of US\$1.75 billion
Future Sales - Nonferrous Metals	Active Exploitation Rights	Wulatehouqi Moruogu Tong Mine (Lead, Silver)

The potential future sales from lithium and nonferrous metal production are currently in the execution phase rather than realized revenue. China Natural Resources, Inc. is actively working with all involved parties to close the acquisition of Williams Minerals, which operates a lithium mine in Zimbabwe, by December 2025. This deal, with a maximum consideration of US\$1.75 billion, represents the primary expected future revenue catalyst, alongside ongoing exploration for lead, silver, and other nonferrous metals in Inner Mongolia.

Finance: draft 13-week cash view by Friday.