Korea Zinc to Raise 2.85 Trillion Won Through Rights Offering... "Responding to U.S.-Led Mineral Supply Chain Restructuring"

Third-Party Allotment to U.S. Crucible

Korea Zinc announced on December 15 that it has decided to issue new shares through a third-party allotment to raise approximately 2.8508 trillion won for the acquisition of securities of other corporations.

The company will issue 2,209,716 new common shares at an issue price of 1,290,133 won per share. The scheduled listing date for the new shares is January 13 of next year. The third-party allotment will be made to Crucible JV LLC, a U.S.-based company.

Korea Zinc also announced that it will invest approximately 132.3 billion won in Crucible. After the investment, Korea Zinc will hold a 10% stake.

Korea Zinc stated, "Through a strategic alliance with Crucible and investors such as the U.S. government, we aim to proactively respond to the U.S.-led restructuring of the global critical mineral supply chain. Our goal is to mitigate risks arising from geopolitical conflicts, export restrictions, and logistics disruptions, and to secure a long-term growth engine by gaining a foothold in the North American critical mineral markets for electric vehicles, batteries, and defense industries."