Sanxiang New Materials (603663.SH) subsidiary plans to invest no more than 300 million yuan to construct a zirconium and hafnium separation project.

Capital Eye Financial News APP, Sanxiang New Materials (603663.SH) announced that the company's controlling subsidiary, Liaoning Huaxiang, plans to invest in the construction of a zirconium hafnium separation project with no more than 300 million yuan (the final investment amount depends on the actual investment in the project). The project is located in the factory area of Liaoning Huaxiang, using the existing oxygen zirconium chloride production line of Liaoning Huaxiang as a carrier to separate zirconium and hafnium to obtain nuclear-grade oxygen zirconium and oxygen hafnium. The project will also include the construction of a new zirconium hafnium extraction plant and other supporting facilities, with an expected construction period of 15 months.