Huihong Mining is a vanadium mining and smelting service provider. Its main business is vanadium mining and smelting. It focuses on the development of vanadium resources in Platform Mountain in Dunhuang City. It will follow-up through supplementary exploration and update and technical transformation of mining and smelting equipment. Recently, Yongtai Energy, Hyde Co., Ltd. and Huihong Mining jointly signed the “Acquisition Agreement”. Through the energy storage technology company Detai Energy Storage Co., Ltd. jointly invested and established by the company and Hyde Co., Ltd., it plans to acquire Huiyou Group’s Huiyou Group for 192 million yuan. 65% stake in Hong Mining.
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