Chuanshui Yin entered into a Share and Asset Sale Agreement to acquire Paulsens East Iron Ore Project from Strike Resources Limited (ASX:SRK) for AUD 20.5 million on January 3, 2024. The deal is subject to approval from shareholders of Strike Resources Limited. The deal is expected to be completed on February 23, 2024.

As of March 6, 2024, the transaction has been approved by shareholders of Strike Resources and is expected to close on March 8, 2024.