Blackstone targets US capital with over-the-counter listing
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Special Report: Blackstone can now access one of the largest sources of investment capital after listing on the US over-the-counter (OTC) market OTCQB.
This comes on the back of strong interest from North American investors following the company’s recent scoping study which highlighted the robust economics of its plan to produce 12,700t of nickel sulphide per annum over eight years, which generates net present value (NPV) and internal rate of return (IRR) of $US665m and 45 per cent respectively.
NPV and IRR are both measures of a project’s profitability.
Blackstone Minerals (ASX:BSX) says the OTCQB listing will enhance its visibility and accessibility to North American individual and institutional investors.
Managing Director Scott Williamson says this is a great time to increase the company’s exposure to one of the largest pools of capital in the world after many years of marketing in North America.
“Given the recent focus on the rise of Tesla and the electric vehicle revolution we see North America becoming an important investor market for Blackstone’s future green nickel battery opportunities at the Ta Khoa Nickel-Cu-PGE project,” he added.
OTCQB is the middle tier off-exchange market for early-stage stocks with strict regulatory requirements that provide greater certainty for companies and investors alike.
Blackstone has been driving its Ta Khoa nickel-copper-platinum group elements (PGE) project in Vietnam towards development with metallurgical testing underway on the Ban Phuc disseminated sulphide (DSS) deposit. The aim is to develop a flow sheet for a downstream nickel-cobalt-manganese product for the lithium-ion battery industry.
NCM products are sought after as a cathode for the lithium-ion battery industry.
The company recently generated what it described as the “best target to date” within the King Snake prospect, just 1.5km northeast of the processing facility and the Ban Phuc deposit.
King Snake is analogous to the Ban Phuc massive sulphide vein (MSV) orebody and drilling by previous operators had returned significant results despite not targeting the electromagnetic plates.
This article was developed in collaboration with Blackstone Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.