A small-cap logistics company has taken a formal legal step inside Zimbabwe, incorporating a new entity built to buy, store, and move chromium ore at scale. "Local operating entity" means a company registered under the laws of the host country, which lets a foreign parent conduct business directly rather than through cross-border contracts alone. Tianci International Inc. (NASDAQ: CIIT) says that entity, called RIDGCORE RESOURCES (PRIVATE) LIMITED, is now active and already advancing its first warehouse lease.
What was incorporated and what it will do
RIDGCORE RESOURCES (PRIVATE) LIMITED is an indirect wholly-owned subsidiary of CIIT, held through an intermediate company called Tianci Group Holding Limited. Its stated purpose is narrow: oversee local warehouse facilities, coordinate logistics, and provide operational support for CIIT's chromium ore trading business inside Zimbabwe. CIIT announced the incorporation on July 24, 2026, calling it consistent with a business development plan first disclosed in an update on June 26, 2026.
Chromium ore is an industrial mineral used primarily to make stainless steel. CIIT began expanding into mineral trading in the current fiscal year, alongside its longer-running ocean freight forwarding business operated through its subsidiary Roshing.
The warehouse plan, by the numbers
RIDGCORE RESOURCES is currently working to lease approximately 3 hectares (30,000 square meters) of land for warehouse operations. That site, described as the first-phase warehouse base, is designed to support the centralized storage, handling, and transshipment of chromium ore. CIIT says the facility, once complete, would serve an approximately 360-hectare priority procurement area and hold a dynamic storage capacity of approximately 50,000 metric tons.
Those figures come from CIIT's own planning documents. They represent targets, not completed construction, and the lease itself is still being advanced.
Supply targets the company has put in writing
CIIT says it intends to add approximately 5,000 metric tons of monthly chromium ore supply capacity through these Zimbabwe operations, pushing total monthly supply capacity above 10,000 metric tons. Chairman Mr. Gao, in comments released with the announcement, said growing customer demand and positive feedback had reinforced the company's confidence in expanding its localized presence in the country.
Before the mineral trading push, CIIT operated mainly as an asset-light ocean freight forwarder serving customers in Japan, South Korea, and Vietnam. It also generates revenue from electronic parts sales and business consulting services. The first-phase warehouse lease remains in negotiation.