Blackstone Minerals raises A$22.1 million in first tranche of A$55 million capital raising
Blackstone Minerals Ltd has made good on the first phase of its plan to raise A$55 million to continue driving its Ta Khoa Nickel-Copper-Platinum Group Element (PGE) Project in Vietnam toward production.
The first tranche of more than 38 million new shares was issued at A$0.58 and has raised A$22.1 million before costs.
Tranche two of this capital raising will comprise nearly 57 million shares and is anticipated to raise a further A$32.9 million.
These Tranche 2 shares will be subject to shareholder approval at a shareholder meeting expected to be held on December 16, 2021.
Funds for next stage of works
These funds will help Blackstone prepare for the next stage of works at its battery metals hub, which includes commissioning a phase two pilot plant, feasibility studies and further exploration at Ta Khoa.
The company is working toward becoming a supplier of choice in the lithium-ion battery and electric vehicle markets.
Blackstone is developing the district-scale Ta Khoa Project in northern Vietnam where the company has a maiden resource and scoping study for the large-scale Ban Phuc Nickel-Copper-PGE deposit.
Ongoing programs for the previously operating nickel sulphide project include the investigation of downstream battery metals processing options in Vietnam.
- Susanna Nelson
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/965780/blackstone-minerals-raises-a-22-1-million-in-first-tranche-of-a-55-million-capital-raising-965780.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
