LB Group’s Subsidiary Signs Investment Cooperation Agreement On Comprehensive Recycling Valuable Metals

LB Group announced on July 18 that the company’s subsidiary Hunan Oriental Scandium Co., Ltd. and Lufeng Municipal people’s government recently signed the “investment cooperation agreement on production project of comprehensive recycling scandium, vanadium, manganese and other valuable metal from titanium dioxide waste liquid/waste residue”. With a planned area of 16.47 acres and total rolling investment of RMB300 million (USD44.49 million), the project was divided into two phases, with each phase to last for two years. The first phase is to build comprehensive recycling project; and the second phase is to construct extended chain deep processing project.