Blackstone Resources AG (SWX: BLS) (“Blackstone”) is pleased to announce that it has signed a three-year equity commitment with the Luxembourg- based GEM Global Yield LLC SCS.
The deal will make available up to CHF 30 million for Blackstone to use at its discretion, subject to terms, in its pursuit to commercialize its battery technology and its battery metals. The funding accelerates Blackstone’s development of a commercialy printed battery, to roll out the production in masses, to acquire the plant and equipment key to production and to develop its battery metal investments.
The deal will make available up to CHF 30 million for Blackstone to use at its discretion, subject to terms, in its pursuit to commercialize its battery technology and its battery metals. The funding accelerates Blackstone’s development of a commercialy printed battery, to roll out the production in masses, to acquire the plant and equipment key to production and to develop its battery metal investments.
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