HK Stock Market Move | ADD NEW ENERGY (02623) rose nearly 15% again. The company acquired shares of an Australian gold mining company, entering the gold mining sector.

ADD NEW ENERGY (02623) rose by nearly 15%, rising 11.93% to HKD 5.32 as of the time of writing, with a turnover of HKD 21.7835 million. On the news front, ADD NEW ENERGY announced a strategic investment of AUD 39.5 million in Horizon Minerals. Following the completion of the investment, the company will collectively hold approximately 9.95% of the issued share capital of the target company. This also means that the company will officially enter the promising field of gold mining from its original core business of titanium iron ore. Public information shows that Horizon Minerals is a medium-sized gold producer in Australia. As of February 2026, the estimated mineral resource owned by the company is 34.32 million tons, with an average gold content of 1.7 grams per ton, totaling approximately 1.88 million ounces of gold. Supported by its key assets in Boorara and Burbanks in Western Australia, the company has superior resource endowment and considerable development potential.