Northern Rare Earth: plans to invest 73.3645 million yuan in the implementation of the pilot plant construction project

Jinshi data news on March 13th, Northern Rare Earth announced that the company plans to invest 73.3645 million yuan of its own funds to implement the construction of the Northern Rare Earth wet metallurgy and inorganic functional materials pilot base project. The project is scheduled to start construction in June 2025 and be completed and accepted in May 2026. As a pilot trial project, the project is not primarily for profit and does not involve direct economic benefits, but it has good technical and social benefits. The project can provide a good foundation for the company’s wet metallurgy and inorganic functional materials research projects, accelerate the transformation of scientific and technological achievements, and reduce industrialization risks. Once completed and operational, the project can achieve integrated management of wet metallurgy research projects in terms of project establishment, implementation, evaluation, and transformation, improve the efficiency of scientific and technological resource allocation, and share scientific and technological achievements.