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Blackstone Minerals Ltd ( (AU:BSX) ) has provided an update.
Blackstone Minerals Limited has successfully completed its Share Purchase Plan (SPP), raising $217,500 in addition to a $22.6 million placement to sophisticated and professional investors. The SPP will issue 2,788,452 shares at $0.078 per share, with trading expected to commence on the ASX on 31 July 2025. This financial maneuver strengthens Blackstone’s capital position, supporting its strategic initiatives in Southeast Asia, particularly in advancing its copper-gold and nickel-cobalt projects.
More about Blackstone Minerals Ltd
Blackstone Minerals (ASX:BSX) is positioning itself as a major copper-gold developer in Southeast Asia, following its merger with IDM International. The company has acquired the Mankayan Copper-Gold Project in the Philippines, one of Asia’s largest undeveloped porphyry systems, enhancing its strategic value alongside its Ta Khoa nickel-cobalt project in Vietnam. Blackstone is led by a team with expertise in Southeast Asia and underground bulk mining, focusing on district-scale growth and development.
Average Trading Volume: 2,057,539
Technical Sentiment Signal: Buy
Current Market Cap: A$123.7M
Learn more about BSX stock on TipRanks’ Stock Analysis page.