As a major investor in mining resources, Canada boasts an efficient, well-regulated, and mature market environment. The mining companies listed on the Toronto Stock Exchange span across the globe and offer favorable investment advantages. In line with... “ Go out. ” As trends evolve, how can Chinese enterprises achieve reasonable returns in Canada or other overseas mining investment markets? 3 Moon 25 At the first session of the Golden Compass Public Mini-Lecture Series, held on [date], which focused on Canadian mining investment models and experience sharing, the expert practitioners in attendance actively shared their insights and opinions.

　　3 Moon 25 On [date], the first session of the Jinluopan Public Welfare Mini-Lecture—featuring a sharing of Canada’s mining investment models and experiences—was held at the Beijing Fortune Center, jointly organized by Beijing Jinluopan Technology Co., Ltd., Dr. Niu Mining Insights, and Shidai Jiuhe Law Firm.

　　Against the backdrop of a complex and ever-changing domestic and international political and economic landscape, Chinese enterprises... “ Go out. ” How can we effectively mitigate risks and achieve returns when investing in overseas mineral resources?

　　Lu Jingyou, Chairman and President of Jinduicheng Canada Resources Ltd., Bo Shaochuan, President of Asia-Pacific Energy Investment Co., Ltd., Fu Shuixing, Deputy Director of the Beijing Institute of Mineral Geology, and other participating experts, corporate executives, and lawyers shared their experiences in overseas mining investments. Niu Lixian, Executive Director of Beijing Jinluopan Technology Co., Ltd., gave a presentation on risk exploration investment opportunities on the Toronto Stock Exchange.

　　 “ Investing and trading on the Toronto Stock Exchange is sufficient. ”

　　 “ Why does mastering the Toronto Stock Exchange amount to mastering the global mining industry? ” Niu Lixian analyzes North America, Canada and the United States. 2 a country, Latin America 17 a country, Africa 33 a country, Europe 20 a country, Asia 13 a country, Oceania 3 a country, this 89 The major mining regions of the country are all listed on the Toronto Stock Exchange. “ Investing and trading on the Toronto Stock Exchange is sufficient. ” She said.

　　Niu Lixian explained that overseas investment opportunities in mineral exploration risk primarily include registering new mining rights in blank areas, acquiring existing mining rights projects through mergers and acquisitions with private companies, and investing in early-stage exploration companies listed on the Australian Securities Exchange or the Toronto Stock Exchange. 4 This method.

　　Among them, the primary exploration companies held by the Australian Securities Exchange or the Toronto Stock Exchange account for a global share of... 80%~90% 。 “ Investing in junior exploration companies through these two exchanges is the best approach—a method that is highly standardized, reliable, and cost-effective. ” Niu Lixian introduced: “ However, because it’s relatively little known domestically, this investment approach has been overlooked. ”

　　The Toronto Stock Exchange has a total of 976 A junior exploration company, among which companies involved in gold projects include: 562 Home. Gold is also a barometer of the mining industry.

　　Bo Shaochuan said that because gold financing is relatively easy, the vast majority of junior mining companies have gold projects. Globally, exploration investments in gold—whether at peak or trough periods—account for nearly half of all such investments.

　　Niu Lixian believes that investment in mineral exploration risk assessment should take into account four key aspects—project, team, management, and finance—to mitigate risks.

　　Among these, the project primarily analyzes the identified resource volume, resource potential, level of exploration work, and the external environment for project development. For overseas teams, it’s important to assess whether their organizational structure is reasonable, whether they have sufficient experience, whether they enjoy a good reputation, and their overall capabilities—including financing ability, execution power, and communication skills. In terms of management, attention should be paid to website development, information disclosure, and the formulation and implementation of work plans. Financially, it’s crucial to monitor metrics such as market capitalization, stock price, cash holdings, the value of resource reserves, and how these compare to the company’s overall market capitalization.

　　Taste is not the primary factor in investing in overseas mining projects.

　　Given the significant differences in investment environments and cultural factors both domestically and internationally, Lu Jingyou advises that when enterprises undertake overseas investments, they need to carefully study and become thoroughly familiar with the target assets. During due diligence, a team comprising geologists, environmental experts, engineers, financial specialists, and legal advisors should be assembled to handle the process. It’s also crucial to establish strong relationships with local partners, enabling them to share risks and pool technical and financial expertise. At the same time, companies should not place ore grade as the primary consideration when evaluating project investments.

　　Lu Jingyou believes that when mining companies invest in overseas mineral resources, they shouldn't place the highest priority on ore grade—ore grade is not the decisive factor. Mining operations must take into account local infrastructure conditions; otherwise, even if the ore grade is high, excessively high costs could put significant pressure on the company.

　　 “ Factors such as infrastructure, credibility issues, safety and environmental concerns, and the management of relations with indigenous peoples must also not be overlooked. ” Lu Jingyou said: “ Infrastructure comes first. ”

　　Lu Jingyou cited a zinc mine in the United States as an example. The grade of this zinc mine is... 3.5%~3.7% This project already had cash flow last year.

　　Because the zinc mine is located in an area with well-developed infrastructure, abundant local labor, low transportation costs, good rock stability, large ore bodies, and high mining efficiency, costs have been significantly reduced.

　　Bo Shaochuan added: “ To summarize, infrastructure issues boil down to feasibility studies. A feasibility study is a comprehensive accounting process that takes into account all factors—such as resource quantities, reserves, and costs related to mining, transportation, and labor—and transforms them into a financial model. Grade is just one of many parameters in this model and does not play a decisive role. ”

　　Meanwhile, Bo Shaochuan suggested that mining exploration companies... 2 The feasibility study data completed before the new year cannot be immediately used for mine construction, because the data is already outdated and needs to be updated promptly. “ When conducting due diligence and reviewing feasibility study data, companies should hire local professional legal teams and other experts, as they have a deep understanding of local conditions and possess local data that domestic professionals do not have. ”

　　Among these points, Lu Jingyou pointed out that in overseas capital markets, the team comes first: you first assemble a team of like-minded individuals, and then look for projects to work on together. At the same time, both individual and corporate reputations are also extremely important. In China, by contrast, the project takes precedence—first you find a project, and then you look for people to join your team and work on it together. This creates a significant difference between domestic and international practices.

　　Fu Shuixing suggested that the overseas investment market is highly specialized, and domestic enterprises should... “ Go out. ” When investing in junior mining companies, you need to retain decision-making authority while handing over operational control to local entities. CEO Management.

　　In developed countries abroad, local governments also have very strict requirements regarding environmental protection. “ For example, annually in designated locations within the mining area, they catch... 15 Only the mouse—its liver was dissected and found to be free of metal contamination. Moreover, a facility has been established in the mining area. 47 A water intake point—covering both surface and groundwater sources—is continuously sampled and then submitted to a third-party testing agency to verify that the water is free from contamination. ” Bo Shaochuan said.

　　Meanwhile, Bo Shaochuan pointed out that a major disadvantage for Chinese companies when competing with foreign firms is their excessively slow decision-making process, which often causes promising investment opportunities to slip away. “ In Canada or Australia—international markets characterized by transparent and efficient decision-making—projects that actually end up in the hands of domestic companies after lengthy research and deliberation are unlikely to be very good projects. ” He reminded.