Korea Zinc Company, Ltd. announced a private placement of 993,158 shares at an issue price of 475,000 per share for gross proceeds of KRW 471,750,050,000 on August 5, 2022. The transaction will include participation from Hanwha Energy USA Holdings Corporation. The transaction is expected to close on August 18, 2022.

The transaction was approved by the board of directors of the company. The company will received funding through 3rd party allocation.