FZU Zijin Hydrogen Power, a subsidiary of major global metals miner Zijin Mining, has recently announced a capital increase initiative via the Longyan Property Rights Exchange, aiming to raise RMB 39.9896 million to 59.9844 million (US$5.6-8.4 million). The proceeds will be used entirely to bolster the company’s working capital, enabling it to scale up the R&D, production, and commercial application of its hydrogen energy solutions.

This financing initiative will strengthen the firm’s leadership in ammonia-based hydrogen energy technology, accelerate innovation, and drive large-scale industrial adoption. In parallel, the company is advancing its Series A round to attract strategic investors with relevant industrial expertise.

Driven by R&D and real-world applications, and backed by increased capital, FZU Zijin will expand its hydrogen energy operations at a faster pace.

Translator: Li Yuanxing   Reviser: Jian  Editor-in-Chief: Fa Yuan

About Zijin Mining
Zijin Mining is a leading global metals and mining company and one of the world’s largest producers of gold, copper, and zinc. The company has more than 30 large-scale mining operations and projects across 19 countries on 5 continents. Leveraging strong in-house research, engineering, and development capabilities, Zijin maintains high operational efficiency and low costs in both acquisitions and operations. This enables the company to be an industry leader in value creation, underpinned by its philosophy of pursuing development for all and sustained by superior environmental, social, and governance performance. Zijin’s shares trade on the Hong Kong Stock Exchange (HKEX: 2899) and the Shanghai Stock Exchange (SSE: 601899).