Yanhu shares (000792.SZ) plans to subscribe for common shares of High Ground Resources with $300 million in cash.

Intelligent Finance and Economics APP News, Salt Lake Stock (000792.SZ) issued an announcement to actively implement the company's development strategy, accelerate the realization of potassium resources "going global", and strengthen the overall layout and resource integration of the salt lake industry chain. On May 12, 2025, the company signed a "Project Cooperation Intention Agreement" with Highfield Resources Limited (hereinafter referred to as "Highfield Resources"), Yankuang Energy Group Co., Ltd. (hereinafter referred to as "Yankuang Energy"), and EMR Capital (hereinafter referred to as "EMR"). The company intends to subscribe to approximately $300 million in cash for the issuance of ordinary shares by Highfield Resources, becoming the largest shareholder of Highfield Resources and having control rights over Highfield Resources at the time of delivery. The company will achieve actual control over Yancoal Canada Resources Ltd. (hereinafter referred to as "Yancoal Canada"), Highfield Resources and its subsidiaries Southey Potash Project and Muga Project through a series of governance arrangements.