Industry Risks. The uncertainty pertaining to (i) a nascent and yet-to-be-proven industry that may not fully realize its growth potential, (ii) Xxxxxx’x ability to effectively market and sell air transportation as a substitute for conventional methods of transportation, following receipt of governmental operating authority, and (iii) Xxxxxx’x ability to compete effectively in the urban air mobility and eVTOL industries.
Industry Risks. While the Proposed Joint Venture is expected to contribute positively to XingHe Group, the business of the JVC is subject to risks inherent to the sector, including but not limited to government regulations, inflation, taxation, nature disaster, change in business conditions, deterioration in market conditions, increasing competition from industry players, constraints in labour supply, rising cost of labour and difficulties in obtaining approvals or licences from the relevant authorities.
Industry Risks risks faced due to the nature of the mineral exploration industry. Mineral exploration and development involves a high degree of risk and few properties which are explored are ultimately developed into producing mines. There is no assurance that any mineral exploration we undertake will result in any discoveries of commercial bodies of mineralization. As we undertake the exploration of mineral claims, we will be subject to compliance with government regulations that may increase the anticipated costs of our exploration programs. The mining industry is intensely competitive and we will be competing with other companies which have far greater resources, financial and otherwise. There is no assurance that, even if we discover and develop commercial quantities of mineral resources, a profitable market will exist for the sale of same. Substantial expenditures are required to establish ore reserves through drilling, to develop metallurgical processes to extract the metal from the ore and, in the case of new properties to develop the mining and processing facilities and infrastructure at any site chosen for mining. Although substantial benefits may be derived from the discovery of a major mineralized deposit, no assurance can be given that minerals will be discovered in sufficient quantities or grades to justify commercial operation or that the funds required for development can be obtained on a timely basis.
Industry Risks
