China Natural Resources shares rise 26.37% intraday as company plans to acquire 59.79% of HooRii Technology for $37M-$40M to enhance mining operations with AI/IoT.

China Natural Resources surged 26.37% intraday trading, as the company signed a non-binding letter of intent to acquire a 59.79% stake in HooRii Technology for an estimated $37-40 million. The acquisition aims to enhance core mining operations through AI and IoT technologies and expand into the physical AI market. The company primarily engages in exploration and mining businesses.