Persistence Resources Group Ltd.'s subsidiary, Yantai City Mujin Mining Company Limited, has suspended operations at its Denggezhuang Underground Mine (DGZ Mine) following a tragic accident. A worker was fatally injured by loose rock during a risk removal operation. In response, the Shandong Provincial Emergency Management Department and the Shandong Bureau of the State Mine Safety Supervision Administration have ordered a halt to production and the temporary withholding of relevant licenses. An investigation team is being assembled to uncover the cause of the incident. The Group is cooperating fully with authorities and is implementing necessary safety measures at the site. The company expressed condolences to the affected family and is providing support during this challenging time.
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