Canmax Technologies (300390.SZ) intends to participate in the bidding for the exploration and mining rights of the Makitan Lithium Mine in Garze Prefecture, Sichuan Province.

Canmax Technologies (300390.SZ) announced that the Board of Directors has reviewed and approved the "Proposal on the Company's Participation in the Bidding for Exploration and Mining Rights of Makitan Lithium Mine in Garze Prefecture, Sichuan Province," agreeing to participate in the bidding for the exploration and mining rights of Makitan Lithium Mine in Garze Prefecture, Sichuan Province. The exploration and mining rights for this bid have a first-time auction period of 5 years, with an area of 20.3843 square kilometers. The announcement stated that if the company is successful in bidding, acquiring the exploration and mining rights of Makitan Lithium Mine will help increase the company's reserves of lithium resources, effectively safeguard the supply of lithium mineral resources, and enhance the company's core competitiveness.