Blackstone - BLSTF STOCK NEWS

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Blackstone Minerals Ltd (ASX: BSX) is a mining company focused on building an integrated battery metals processing business in Vietnam, producing Nickel:Cobalt:Manganese precursor products for the growing lithium-ion battery industry. The company recently executed an option agreement to acquire 100% of the Wabowden nickel sulphide project in Manitoba, Canada. Wabowden boasts a large scale resource base, includes a well-maintained mine and processing facility, and offers Blackstone significant operational leverage and value. With a focus on sustainability, low-cost operations, and strategic partnerships, Blackstone aims to become a key player in the global nickel market.

12/05/2023 09:41 PM

News

Blackstone Secures Option to Acquire Major Nickel Asset

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Blackstone Minerals Limited (ASX: BSX) has entered into an option agreement to acquire 100% of the Wabowden nickel sulphide project in Manitoba, Canada. This strategic acquisition provides Blackstone with significant value opportunity and operational leverage. The project includes a large scale resource base of 230Mt at 0.56% nickel for 1.3Mt of contained nickel, with potential for significant growth. The acquisition also allows Blackstone to benefit from Manitoba's Critical Minerals Strategy and the USA's Inflation Reduction Act. The company is undertaking an accelerated non-renounceable pro rata entitlement offer to raise up to approximately A$10.2 million to support the Wabowden option opportunity and complete the Definitive Feasibility Study for Blackstone's Ta Khoa Refinery.

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OTC Markets Group Welcomes Blackstone Minerals Ltd. to OTCQX

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OTC Markets Group Inc. has welcomed Blackstone Minerals Ltd. to the OTCQX Best Market, upgrading from the OTCQB Venture Market. Blackstone Minerals, known for its Ta Khoa Project in Northern Vietnam, aims to increase visibility in the U.S. market, especially amidst the rising demand for electric vehicle batteries. The company holds a significant resource with a scoping study for the Ban Phuc Nickel-PGE deposit. Trading begins under the symbol BLSTF, reflecting its commitment to high financial standards and best corporate governance practices.

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FAQ

What is the current stock price of Blackstone (BLSTF)?

The current stock price of Blackstone (BLSTF) is $0.031 as of February 12, 2025.

What is the market cap of Blackstone (BLSTF)?

The market cap of Blackstone (BLSTF) is approximately 28.8M.

What is Blackstone Minerals Ltd focused on?

Blackstone Minerals Ltd is focused on building an integrated battery metals processing business in Vietnam.

What recent agreement did Blackstone Minerals Ltd execute?

Blackstone Minerals Ltd executed an option agreement to acquire 100% of the Wabowden nickel sulphide project in Manitoba, Canada.

What are some key features of the Wabowden project?

Wabowden has a large scale resource base, includes a well-maintained mine and processing facility, and offers Blackstone significant operational leverage and value.