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Blackstone Minerals Ltd ( (AU:BSX) ) has provided an announcement.
Blackstone Minerals Limited announced that IDM International Limited’s shareholders have approved the acquisition of all IDM shares by Blackstone through a scheme of arrangement. This merger, along with the acquisition of the Mankayan Copper-Gold Project, positions Blackstone to capitalize on the increasing global demand for copper, driven by renewable energy and electric vehicle advancements. The merger is expected to enhance Blackstone’s operations and strengthen its industry positioning, particularly in the emerging mining regions of Southeast Asia and the Philippines.
More about Blackstone Minerals Ltd
Blackstone Minerals is a minerals exploration and development company listed on the Australian Stock Exchange (ASX:BSX). The company focuses on critical minerals exploration in South East Asia, particularly owning the Ta Khoa Nickel-Copper-PGE Project in Northern Vietnam. Blackstone is also involved in the Mankayan Copper-Gold Project in the Philippines, a region known for its rich mineral resources, especially copper and gold.
Average Trading Volume: 1,541,051
Technical Sentiment Signal: Buy
Current Market Cap: A$63.05M
See more data about BSX stock on TipRanks’ Stock Analysis page.